Economic development is the effect for which entrepreneurship is caused. Economic development essentially means a process of change in income of the people in society, which directly leads to upward change in real per capita income of a country. Entrepreneurship has an important role to play in development of a country. Entrepreneurship is considered as one of the most important factors contributing to the direct and indirect changes in the society such as employment generation, national income, balanced regional development, dispersal of economic power, better standard of living, creating innovation, capital formation, resource mobilization, backward and forward linkages, promotes country’s export trade. Women entry into business is a new phenomenon. Women entry into entrepreneurship is traced out as an extension of their activities mainly to 3 Ps, viz., Pickles, Powder and Pappad. With growing awareness about business and spread of education among women over the period, women have started shifting from 3 Ps to engross to 3 modern Es, viz., Engineering, Electronics and Energy. They are contributing towards the growth of economy and improvement of their socio-economic conditions. Government of India has given importance to women empowerment in the country and several schemes have been introduced for the upliftment of women entrepreneurs. Women entrepreneurs in the country are increasing due to the increase in the women literacy rate in India. The concept of Podupu Lakshmi Ikya Sangam is a boon for the rural women in some states of India. It has not only raised their income but also their social status. Overview of the direct and indirect changes of members of PLIS is depicted in this following article. Research has revealed that income generation and employment generation are the direct changes and perceived impacts in psychological, sociological, economic and political dimensions are the indirect changes.