5 GOVERNMENT SCHEMES FOR WOMEN ENTREPRENEURS
To boost women-owned businesses in India
and promote women's entrepreneurship, the government has announced various
schemes for women-led businesses in particular. Here’s a look at different
schemes and credits meant solely for women entrepreneurs.
Bharatiya Mahila Bank commercial loan scheme
The Bharatiya Mahila Bank commercial loan is
for budding businesswomen who want to start a new business in real estate or
a small and medium enterprise (SME) in retail. Female
entrepreneurs are given the highest loan amount of up to Rs. 20 crores. A
discount of 0.25 percent can be additionally availed on this business loan
scheme. The interest rate on this loan sum is normally 10.15 percent or more.
There is also the Credit Guarantee Fund Trust for Micro and
Small Enterprises (CGTMSE), launched by the government to make collateral-free
credit available to the micro and small enterprise sector, where there is no
requirement for collateral security for a loan of up to Rs 1 crore. In this
scheme, credits up to Rs. 20 crores can be approved for manufacturing
enterprises driven by women. The loan is to be repaid within seven years and
comes with specific elasticity.
Dena Shakti Scheme
The Dena Shakti Scheme is meant for
financial support of female entrepreneurs, where a loan amount of up to Rs. 20 lakh can be availed for horticulture, retail exchange, education,
and housing. Other than that, a micro-credit of up to Rs. 50,000 can also be
availed under micro-credit schemes. An interest rate of 0.25% is fixed below
base rates for women entrepreneurs who are majority stakeholders in the
company, and loan repayment for the credit is 7 years.
Udyogini Scheme
The word ‘Udyogini’ means woman entrepreneur. The
Indian government’s Udyogini Scheme was launched under
the Women Development Corporation, and it encourages
poor women entrepreneurs to receive financial support to start
a business. Women between the ages of 18 and 45 and whose annual family income
is Rs. 45,000 or less can avail up to Rs. 1 lakh, under the scheme.
However, there is no such cut-off for women who are incapacitated, destitute,
or widows. Furthermore, women from the SC/ST category will get an
allowance of 30 percent of the advance sum or Rs.10,000, whichever is lower.
However, women from the general category can get an allowance of Rs. 7,500 or
20 percent of the credit sum, whichever is lower.
Although the program was initially begun by the Karnataka
State Women Development Corporation; many banks have carried out this
scheme under various variations.
Mahila Udyam Nidhi Scheme
The government, through the Small Industrial
Development Bank of India (Sidbi), introduced this scheme to engage women
entrepreneurs and give them the cash flow to maintain their businesses. The
cash provided under this plan can be used in the service,
manufacturing, and production areas. Under this plan,
businesswomen can get a credit of up to Rs. 10,00,000 for starting a
small business. The monetary help provided under this plan can be used to
expand a business as well. The loan will have to be repaid in ten years, and
there is a moratorium period of five years.
Stree Shakti Scheme
The Stree Shakti Scheme is an initiative by
the State Bank of India (SBI) for women
entrepreneurs. The scheme aims to empower women entrepreneurs who
own and manage retail trade, and business enterprises of professional and self-employed like doctors, beauty parlour operators, etc. The main criteria SBI
looks for is that the enterprise should have more than 50 percent of its share
capital owned by women.
A loan amount of up to Rs. 20 lakh can be availed from
banks with working capital and term loan facilities under this scheme. A
concession of 0.50 percent on the interest cost is given by the bank on credits
of more than Rs. 2 lakh. Security is not mandatory for credits of up to
Rs. 5 lakh.
+91 - 81222 89593 / +91 - 81221 83745
support@kanakkiyal.com 
Comments
Post a Comment