7 Business Loan Schemes in India for Women

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The government is very serious about empowering women and it is leaving no stone unturned in seeing to it that womenfolk get finance easily and can become financially independent.

If you are looking for home loans in Delhi you can consider Loan Kumar. Also if you want to expand your business then you can consider business loans in Delhi NCR offered by Loan Kumar. And Loan Kumar also offers personal loans in Delhi NCR and also loan against property in Delhi NCR.

These are 7 business loan Schemes in India for Women:

1. Annapurna Scheme

For women entrepreneurs in food and catering, this loan has been especially been designed for them. The maximum limit of the loan amount in this scheme is up to rupees 50,000. Also, the repayment period is up to 3 years.

This loan requires a guarantor and also an asset as a collateral which makes this a secured loan.

This scheme offered by the banks is for women entrepreneurs pursuing the food and catering business.

The rate of interest is in sync with the current market rates.

2. Stree Shakthi Package

This loan is available at every branch of SBI or state bank of India. Women entrepreneurs who have at least 50 percent of ownership of the business or company can apply for this loan.

A 0.5 percent allowance in interest rates is applicable if the loan taken is more than rupees 2 lakhs.

Only those women who have been part of the Entrepreneurship Development Programs can apply for this kind of loan.

3.Dena Shakti Scheme

This special loan is provided by Dena Bank. There is a discount on the interest rate of 0.25 percent.

Women engaged in manufacturing, retail stores, agriculture, small enterprises, and microcredit can avail this loan.

This is part of the special financial assistance provide by Dena Bank for Women empowerment and to further the cause of financial independence of women.

4. Bharatiya Mahila Bank

This bank offers many different types of discounted loans for women and encourages womenfolk to start their own businesses.

Loans like SME loans, MICRO loans, retail loans and loans against property are provided by this bank which is very helpful for women.

5. Cent Kalyani Scheme

This is a central Bank of India Scheme. This scheme is for self-employed womenfolk. Women engaged in SME, cottage industries, agriculture, government-sponsored programs, and retail trade can avail this loan.

The ROI is very competitive and in sync with the market rates.

6. Udyogini Scheme

This special loan scheme is provided by Punjab And Sind Bank. This scheme has become a favorite for women entrepreneurs as the tenures are flexible and ROI is low.

Women into small businesses, agriculture and retail can avail this loan.

7.Mahila Udyam Nidhi Scheme

PNB or Punjab National Bank has launched this special loan scheme for womenfolk. Small-scale women entrepreneurs can benefit from this particular scheme. The maximum loan amount is up to 10 lakh rupees which can be repaid over a ten-year span. The ROI is in sync with the market ROIs.

Women can use these loans for buying automobiles, running beauty parlors and running daycare centers.

Thus by using these beneficial financial schemes to their advantage women in India can get wings and come at par with the men at the same time becoming confident and financially independent.

Read also:

How to Choose the Right Business Loan for Your Small Business:

5 Things to Know Before Applying for Loans against Property:

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    December 15, 2018

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