Purpose of the Study: The fundamental determinants of entrepreneurship are entrepreneur and the society and the interlinked categories of human, financial, and social capitals. The present study takes a competency approach to test the human capital of women to understand the reasons for disparity in entrepreneurship. Data/Methodology: 164 management students—102 male and 62 female, interested to take up entrepreneurial career, were administered with PEC Self-Rating Questionnaire and the responses were analyzed with ANOVA and t test for difference between group means, followed by effect size measurement to derive practical significance of the relationship. Findings: Out of 13 entrepreneurial competencies tested, differences are observed for eight components and larger effect is observed only for two components while the mean differences were not more than 0.66 on a scale of 5.00. Originality: The originality lies in the findings that gender-specific competency-gap has been narrowing down in the Indian emerging economy.