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.
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