Loan Schemes for Women Entreprenuer

Loans for Women Entrepreneurs in India

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Loans for Women Entrepreneurs in India ! 

Today’s Women has reached all the sphere of commerce and leading the journey in Startup Eco System. Some are leaving their high profile job, while some join from family and heading to fulfill their dream venture a reality.

The major factor to kick-start the entrepreneurial journey is a capital and various banks offer specialized loans for women entrepreneurs that have slightly different and more flexible set of terms and conditions pertaining to collateral security, interest rates, etc.

Here are the some of the prominent schemes of Loans exclusively for Women Entreprenuers from leading Banks/FI of India :

1. Stree Shakti Package For Women Entrepreneurs by State Bank

This scheme  is  offered  by  most  of  the  SBI branches to women who have 50% share in the
ownership of a firm or business and have taken part in the state agencies run Entrepreneurship
Development Programmes (EDP).
The scheme also offers a discounted rate of interest by 0.50% in case the amount of loan is more
than ₹2 lakhs.

2. Annapurna Scheme

This scheme is offered by the State Bank of Mysore for those women entrepreneurs who are
setting up food catering industry in order to sell packed meals, snacks, etc. The amount granted
as a loan under this scheme can be used to fulfill the working capital needs of the business like
buying utensils and other kitchen tools and equipment.

Under this loan, a guarantor is required along with the assets of the business being pledged as
collateral security. Further, the maximum amount of money that is granted is ₹50,000 which has
to re-paid  in  monthly  installments   for  36 months, however,   after the loan is sanctioned, the borrower  doesn’t  have to  pay the  EMI for  the  first  month. The  interest  rate is  determined depending  upon  the  market  rate.

3. Dena Shakti Scheme

This scheme is provided by Dena bank to those women entrepreneurs in the fields of agriculture,
manufacturing,  micro – credit, retail  stores,  or  small  enterprises;  who  are in need of financial
assistance. The interest rate is also decreased by 0.25% along  with  the  maximum loan amount
being ₹20 Lakhs for retail trade; education and housing whereas ₹50,000 under the micro-credit.

4. Cent Kalyani Scheme

This scheme is offered by the Central Bank of India with the aim of supporting women in starting a
new  venture  or  expanding  or  modifying  an  existing  enterprise.  This loan can be availed by
women  who  are  involved in village and cottage industries, micro, small and medium enterprises,
self-employed  women, agriculture  and  allied  activities,  retail  trade, and government-sponsored
programs. This scheme do not require any collateral security.

5. Udyogini Scheme

This scheme is offered by Punjab and Sind Bank so as to provide women entrepreneurs involved
in Agriculture, retail and small business enterprises to get loans for business at flexible terms and
concessional  interest  rates.  The  maximum  amount  of  loan  under  this  scheme  for  women
between  the  age bracket  of  18-45 years  is ₹1  lakhs but your family income is also taken into
consideration and  is  set at ₹45,000 per annum for SC/ST women.

6. Mahila Udyam Nidhi Scheme

This scheme is  launched  by  Punjab  National  Bank  and  aims  at  supporting  the  women entrepreneurs  involved  in  the  small  scale  industries by granting them soft loans that can be
repaid  over  a period of 10 years. Under  this  scheme there are different plans for beauty parlors,
day care centres, purchase  of auto rickshaws, two – wheelers,  cars, etc. the maximum amount
granted under this scheme is ₹10 lakhs and the interest depends upon the market rates.

Are you looking for Business Loan ? Feel free to reach us and get hassel free business loans under govt.schemes with best deals. / +91 9324242233

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