With a view to removing every obstacle coming in the way of women entrepreneurs, the government has run many schemes. Capital is a major factor to enhance entrepreneurship. For this, various banks provide special loan facility at affordable rates to women entrepreneurs. Let us tell you that in view of women empowerment and women entrepreneurship, many such schemes have been implemented by the central government, so that women entrepreneurs can be seen everywhere in India’s startup ecosystem. Under these schemes, women will not only be able to start their own business, but will also be self-sufficient. Today we are telling you about 9 such schemes, which are promoting women empowerment.
Know what is the loan process
Mahila Udyam Nidhi Scheme
Mahila Udyog Nidhi Yojana has been launched by Punjab National Bank. Under this scheme, the objective is to provide loans to women enterprises involved in small scale industries. The loan amount can be easily repaid by the women entrepreneurs in a period of 10 years. Different loan schemes are also included under the Mahila Nidhi scheme, beauty parlor, day care center, auto rickshaw. The maximum loan amount given under this scheme is Rs 10 lakh.
Under this scheme, women between 18 and 45 years of age are given loans up to one lakh rupees for working in business, agriculture, retail and small entrepreneurs sector. If the annual income of a woman entrepreneur’s family is less than 45000, then only she can avail loan through this scheme. In this, a subsidy of 30% is also provided for loans up to Rs.10,000 to widows, destitute or disabled women of SC and ST categories.
Mudra Yojana Scheme
Under this scheme, loans are given to women starting businesses from small enterprises. This includes tuition center, tailoring unit or beauty parlor etc. You will also be given a Mudra Card at the time of granting the loan and this Mudra Card will work in the same way as your credit card and will have a limited amount of 10% of the loan amount. Children under this scheme in which loan amount is limited to 50000. At the same time, the loan amount in Kishor is given between 50000 to 5 lakh rupees. The amount of loan amount in Tarun is 10 lakhs.
Bharatiya Mahila Bank Business Loan
The Bharatiya Mahila Bank commercial loan has been implemented for women entrepreneurs who want to start a new venture from property and SME in retail. Women entrepreneurs are given a maximum loan amount of up to 20 crores under this scheme and a rebate of 0.25% is also given. The interest rate on this loan amount is usually 10.15% or more.
Oriental Mahila Vikas Yojana Scheme
Under the scheme, Oriental Bank of Commerce provides loans to women who hold 51% share capital either individually or jointly due to a proprietary concern. Under this scheme, women entrepreneurs are given loans ranging from 10 lakh to 25 lakh for small scale industries. However, no type of guarantor is required to avail this loan. Women entrepreneurs can repay their loans over a period of 7 years. Under this, 2% loan interest rate concession is also given to women entrepreneurs.
Under the Annapurna Scheme, women entrepreneurs who want to set up food catering industry to sell food items like packaged food, breakfast etc. Under this scheme, a loan of Rs. 50 thousand is given to women entrepreneurs by the State Bank of Mysore. Women can pay it in monthly installments of 36 months. This loan will be given to fulfill the primary needs of the female entrepreneur, that is, to buy utensils and other equipment.
Dena Shakti Scheme
If women entrepreneurs want to grow their business in the field of agriculture, manufacturing, micro-loans, retail stores or micro enterprises and who need financial support. Loans to them are provided under Shakti Yojana. Women entrepreneurs are given a maximum loan amount of Rs 20 lakh under this scheme for retail trade, at which the interest rate is zero point 25%. Women entrepreneurs can repay this amount very easily by the monthly payment of installments by the bank provided in the loan.
Cent Kalyani Scheme
If the women want to start their new venture or want to revise it, then the Central Bank of India gives them the benefit of the loan DHS scheme. Under this scheme, this loan can be availed by women entrepreneurs who are involved in business ventures like village, small and medium industries, self-employment, agricultural retail trade. Under this scheme, women entrepreneurs do not need any guarantor while taking loan and the maximum loan amount given under this scheme is 1 lakh.
Stree Shakti Packages
This scheme makes women entrepreneurs get discount rate in loan amount. Under this scheme, if the loan amount of a woman entrepreneur exceeds Rs 20 lakh, then it provides a discount of 0.50% at that interest rate. This scheme has been operated by the government through most of the branches of SBI Bank.