Central Government. With the objective of removing every obstacle in the path of women entrepreneurs, they are running several welfare schemes including business loan schemes 2020-2021. The availability of capital is a major factor for promoting entrepreneurship. But now there is good news for women entrepreneurs who want to broaden their horizons and start their own business or startup. Here we are providing you the list of 9 business loan schemes for women entrepreneurs. With these schemes, women get Rs. Will get loan till 25 lakhs without guarantee Rs.
Many banks are providing special loan facility to women entrepreneurs at affordable rates. Many such schemes have been implemented by the Central Government in the form of women entrepreneur schemes. In Women Empowerment Schemes Helping women entrepreneurs to grow in India’s startup ecosystem.
Let us know about such schemes that help women entrepreneurs to start their own business.
List of 9 business loan schemes for women entrepreneurs 2020-2021
Here is a list of 4 commercial loan schemes for women entrepreneurs for 2020-2021, which provide loans up to Rs 2000. 25 lakhs to women for their occupation: –
Oriental Mahila Vikas Yojana
Under this business loan scheme, the Oriental Bank of Commerce (OBC) bank provides loans to women, individually or jointly, to women who have a proprietary concern and own 51% of their share capital. In the Oriental Women Development Scheme, loans are given to women entrepreneurs ranging from Rs. 10 lakh to 25 lakh for small scale industries. Accordingly, no type of guarantor is required to avail this loan and women entrepreneurs can repay their loan within a period of 7 years. About 2% loan interest rate concession is also given to women entrepreneurs.
Under the Udyogini scheme, women between the ages of 18 to 45 years get Rs. Loan is extended to 1 Lac. These loans are for working in business, agriculture, retail and small entrepreneurs sector. If the annual income of the family of a female entrepreneur is Rs. is less than. 45000 then only he can get loan through Udyogini scheme. A subsidy of 30% is also provided for loans up to Rs. 10,000 widows, destitute or disabled women of SC and ST categories.
Sukanya Samriddhi Yojana
Under the SSY Business Loan scheme, loans are given to women starting businesses from small enterprises. This includes tuition centers, tailoring units or beauty parlors etc. Women will also get a Mudra card at the time of lending and this Mudra card will work like your credit card and will have a limited amount of 10%. Amount borrowed. Further, the loan amount is given between Rs. 50,000 to 5 lakhs. The loan amount under the Tarun component of Mudra Yojana is Rs. 10 lakhs.
Bharatiya Mahila Bank Business Loan
Bharatiya Mahila Bank commercial loan is for women entrepreneurs who want to start a new venture from property and SMEs in retail. Women entrepreneurs get a maximum of Rs. 20 crore and 0.25% discount is also given in this business loan scheme. The interest rate on this loan amount is usually 10.15% or more.
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Under the Annapurna Business Loan Scheme, women entrepreneurs who want to set up food catering industry to sell packaged food, breakfast etc. to food items. The scheme includes Rs. 50,000 are given to women entrepreneurs by the State Bank of Mysore. Women can pay this in monthly installments of 36 months and a loan will be given to meet the primary needs of the female entrepreneur to purchase utensils and other equipment.
Dena Shakti Scheme
Dena Shakti Business Loan Scheme is best for all women who want to grow their business in the field of agriculture, manufacturing, micro-loans, retail stores or micro enterprises and need financial support. The maximum loan amount to women entrepreneurs is Rs. 20 lakhs at 0.25% interest rate for retail trade. This amount can be easily repaid by the bank provided in the loan by monthly payment of installments by women entrepreneurs.
St. Kalyani Scheme
If women want to start their new venture or want to revise it, the Central Bank of India gives them the benefit of the loan DHS Business Loan Scheme. Under Cent Kalyani 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. Women entrepreneurs do not require any guarantor while taking loans and the maximum loan amount given is Rs. 1 Lac.
Mahila Udyam Nidhi Scheme
Punjab National Bank (PNB) has launched the Mahila Udyog Yojana as a Mahila loan scheme for women. 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 women entrepreneurs over a period of 10 years. Various loan schemes are also included under Mahila Nidhi Yojana, Beauty Parlor, Day Care Center, Auto Rickshaw. The maximum loan amount given under the Mahila Udyog Nidhi Scheme is Rs. 10 lakhs.
Stre power package
This business loan scheme offers women entrepreneurs a discount rate in the loan amount. If the loan amount of the female entrepreneur is Rs. More than. 20 lakhs, then it offers a discount of 0.50% on that interest rate. This free power package has been operated by the central government. Through most branches of SBI Bank.
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