List of Business Loan Schemes for Women Entrepreneurs: Government is running variety of welfare schemes including Business Loan Schemes 2022 aiming to remove every obstacle in way of women entrepreneurs. Capital availability is a major factor to promote entrepreneurship but there is now good news for women entrepreneurs who wants to broaden their horizon and want to start their own business or startup. Here we are providing you the list of 9 business loan schemes for women entrepreneurs. With these Business Loan Schemes for Women Entrepreneurs, women will get loans upto Rs. 25 lakh without guarantee.
Several banks are providing special loan facility at affordable rates to women entrepreneurs. A number of such schemes have been implemented by the Central Government as Business Loan Schemes for Women Entrepreneurs. These women empowerment schemes are helping women entrepreneurs to grow in India’s startup ecosystem. List of Business Loan Schemes for Women Entrepreneurs is given below.
List of Government Business Loan Schemes for Women Entrepreneurs
The below list of Startup business loans for women entrepreneurs. List of Government Business Loan Schemes for Women Entrepreneurs.
- Mudra Loan for Women
- Annapurna Scheme
- Stree Shakti Yojana
- Dena Shakti Scheme
- Bhartiya Mahila Bank Business Loan
- Mahila Udyam Nidhi Yojana
- Orient Mahila Vikas Yojana Scheme
- Cent Kalyani Scheme
- Udyogini Scheme
List of Government approved Business Loan Schemes for Women Entrepreneurs
Hare is the list of 9 business loan schemes for women entrepreneurs launched to provide loans upto Rs.25 lakh to women for their business. Business Loan Schemes for Women Entrepreneurs approved by government of India is given below.
1. Oriental Mahila Vikas Yojana
Under this Business Loan Scheme, the Oriental Bank of Commerce (OBC) bank provides loans to women who individually or jointly, own a proprietary concern and holds 51% share capital. In Oriental Mahila Vikas Yojana, women entrepreneurs are given loans 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 loans over a period of 7 years. Around 2% loan interest rate concession is also given to women entrepreneurs.
2. Udyogini Scheme
Under Udyogini Scheme, women b/w 18 and 45 years of age are given loans upto Rs. 1 lakh. These loans are for working in business, agriculture, retail and small entrepreneurs sector. If the annual income of a woman entrepreneur’s family is less than Rs. 45000 then only she can avail loan through Udyogini scheme. 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.
3. Sukanya Samriddhi Yojana
Under SSY Business Loan Scheme, loans are given to women starting businesses from small enterprises. This includes tuition center, tailoring unit or beauty parlor etc. Women will also get 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. Moreover, the loan amount is given between Rs. 50,000 to 5 lakh. The loan amount under Tarun component of Mudra Scheme is Rs. 10 lakh.
4. Bharatiya Mahila Bank Business Loan
Bharatiya Mahila Bank commercial loan is 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 upto Rs. 20 crores and a rebate of 0.25% is also given in this business loan scheme. The interest rate on this loan amount is usually 10.15% or more.
5. Annapurna Scheme
Under the Annapurna Business Loan Scheme, women entrepreneurs who want to set up food catering industry to sell food items like packaged food, breakfast etc. In this scheme, loan of Rs. 50,000 is given to women entrepreneurs by the State Bank of Mysore. Women can pay it in monthly instalments of 36 months and loan will be given to fulfil the primary needs of the female entrepreneur that is to buy utensils and other equipment.
6. Dena Shakti Scheme
Dena Shakti Business Loan Scheme is best of for all women entrepreneurs want to grow their business in the field of agriculture, manufacturing, micro-loans, retail stores or micro enterprises and need financial support. Women entrepreneurs are given a maximum loan amount of Rs. 20 lakh for retail trade at 0.25% interest rate. This amount can be easily repaid by bank provided in the loan by monthly payment of installments by women entrepreneurs.
7. Cent Kalyani Scheme
If women want to start their new venture or want to revise it, then 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 need any guarantor while taking loan and the maximum loan amount given is Rs. 1 lakh.
8. Mahila Udyam Nidhi Scheme
Punjab National Bank (PNB) launches Mahila Udyog Nidhi Yojana as a Business Loan Scheme for women’s. 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 in a period of 10 years. Different loan schemes are also included under Mahila Nidhi scheme, beauty parlor, day care center, auto rickshaw. The maximum loan amount given under Mahila Udyam Nidhi Scheme is Rs. 10 lakh.
9. Stree Shakti Packages
This Business Loan Scheme makes women entrepreneurs get discount rate in loan amount. If the loan amount of a woman entrepreneur is more than Rs. 20 lakh, then it provides a discount of 0.50% at that interest rate. This Stree Shakti Packages has been operated by the central govt. through most branches of SBI Bank.
Women Entrepreneurship Platform (WEP)
NITI Aayog has launched a Women Entrepreneurship Platform (WEP) for providing an ecosystem for budding & existing women entrepreneurs across the country. SIDBI has partnered with NITI Aayog to assist in this initiative.
As an enabling platform, WEP is built on three pillars- Iccha Shakti, Gyaan Shakti & Karma Shakti.
- Iccha Shakti represents motivating aspiring entrepreneurs to start their business
- Gyaan Shakti represents providing knowledge and ecosystem support to women entrepreneurs to help them foster entrepreneurship
- Karma Shakti represents providing hands-on support to entrepreneurs in setting-up and scaling up businesses.
Eligibility for Business Loan Schemes for Women Entrepreneurs
- Women Entrepreneurs who are at ideation stage, have just started off with thieir startups or are an established startup can register under the scheme to take the benefit.
- Corporates, NGOs, research organisations, Incubator, Accelerator, etc. who can provide support in any form to the the women entrepreneurs.
Registration Process for Business Loan Schemes for Women Entrepreneurs, applicants can register via their Google or Facebook Id or by filling the online application form available under the register tab at: https://wep.gov.in/.