Business Loan Schemes for Woman Entrepreneurs: In today’s age, in every walk of life, women are giving a tough competition to the men. There are many women entrepreneurs in the country who are running flourished businesses all set up by their own, while yet others are striving for financial aid to materialise their innovative business ideas. The government has been constantly providing various schemes to help the businesswomen of the country succed.
The banks have also recognised the growing woman power and have thus launched many loan schemes for the woman entrepreneurs with low interest rates. Here are some of the main loan schemes in India for woman entrepreneurs.
Business Loan Schemes for Woman Entrepreneurs
Stree Shakti Package
The stree shakti loan scheme is available for the businesswomen who run small businesses having fifity percent ownership in the business. The businesswomen who have pursued the Entrepreneurship Development Programmes (EDP) which are conducted by the state-level agencies are eligible for this particular loan scheme. The necessary financial aid will be provided under this scheme with an interest concession of .50 percent in case the loan amount you take is above Rs 2 lakhs.
Annapurna Loan Scheme
This loan scheme is applicable for the woman entrepreneurs who run a small individual or partnership business. This particular loan scheme is for the food catering businesses and the maximimum amount of loan that can be taken under this scheme is Rs 50000. The loan can be repaid in installments in 3 years with one month nonotorium period. The current interest rate is applicable under this scheme. The assests have to be ket as collateral security with the bank and there is a requirement of a guarantor to secure this loan.
Dena Shakti Loan scheme
Under this loan scheme for woman entrepreneurs, loan can be secured at a concessional interest rate. The concession provided is .25 percent. This scheem comes under the Dena Bank. The woman entrepreneurs woring in the agriculture sector, allied and manufaturing sector can secure this loan. The small retail stores can also avail this type of loan.
Cent Kalyani Loan Schemes
This laon scheme is provided by the Central bank of India. The woman entrepreneurs can secure a loan under this scheme for starting a new venture. Under this scheme, businesswomen and the small retail stores can get a loan for starting a new business or to further establish their businesses.
Small Industries Development Bank of India Loan Schemes
Small Industries Development Bank of India loan schemes provide for financial assistance of upto Rs 10 lakh for the businesswomen in the countryfor setting up a new business in the small scale industry.
Udyogini Loan Scheme for Woman Entrepreneurs
This laon scheme is an initiative of the Panjab and Sindh Bank that provides financial assistance to woman at concessional rates. This loan scheme is available for the retail traders, self-employed women ann the businesswomen wishing to start a new venture for setting up a small industry or for agricultural sector.
Akshaya Mahila Arthik Sahay Yojna
This Akshaya Mahila Arthik Sahay Yojna is run by teh Bank of Baroda. The process of application for the loan is very simple. Women wishing to run a small scale business can secure a loan under this scheme at concessional rates.
Mahila Udyam Nidhi Scheme
The Mahila Udyam Nidhi scheme has been launched by the Punjab National Bnak. Undre this scheme, businesswomen can secure loans upto Rs 10 lakh and the soft loan is repayable upto 10 yeras. The interest rate charged under thsi scheme is as per the prevailing market rates. Furthermore, there are special loans for the beauty parlor, day care centres and for buying two-wheelers and car. The rate of interest is different for each of these loans.