A significant majority of women-led enterprises in India are locked into low productivity cycles and operate at a subsistence level, with an average of fewer than two employees. For larger enterprises, access to funding, mentoring and skill-building support remain a persistent challenge. In the wake of COVID-19, we have seen shining examples of women-led enterprises contributing to relief and community-building efforts and adapting to market changes. Despite these noteworthy contributions, it is evident that women-led enterprises are at a greater risk of shutting down. The need of the hour is a significant thrust from policy, industry and community microenterprises in navigating the changing socio-economic environment and building their resilience to shocks in the long-term.