Women are not holding the flag of entrepreneurship nicely, but they are also creating stepping stone in this area. In India, though women are playing vital role in the society, but still their few loop holes and societal constraints, which are working as barriers. These barriers are holding back women’s to open their wings in this area. The core aim of this paper is to analyze barriers and challenges of entrepreneurs, those who are holding Micro, Small & Medium Enterprises (MSME) organization in state of Punjab with respect to their age. The paper also aims to find out status of women entrepreneurs in India, especially in Punjab. This paper also includes rationale grounds behind women entrepreneurship. Policies of Indian government for women are also the part of study. On the basis of this study some suggestions are given to encourage spirit of women entrepreneurship to become a successful entrepreneur. The current study conducted in the Ludhiana district in the State of Punjab to know if the age of women entrepreneur and the problems faced by women entrepreneurs in the MSMEs. Chi-square test along with the percentages has been used as a tool for Data Analysis.