Top 7 Government Business Loans for Women in India

-
Business loans for women in India are sometimes more beneficial than regular loans. Let us quickly look at 7 popular ones.



1. Pradhan Mantri Mudra Yojana (PMMY): The Pradhan Mantri Mudra Yojana is a scheme that offers collateral-free working capital loans of up to Rs 10 lakh to small businesses and entrepreneurs. Women entrepreneurs can benefit from this scheme as it offers them easy access to credit.

2. Stree Shakti: The State Bank of India offers an exclusive business loan for women entrepreneurs called the Stree Shakti Package. This business loan in India provides financial assistance of up to Rs 5 lakh without security.

3. Annapurna Scheme: The Indian government has established the Annapurna Scheme, which offers loans up to Rs. 50,000 to female entrepreneurs. This is one of the finest programs for women in the agricultural business sector when looking for startup company financing in India

4. Cent-Kalyani Scheme: The Central Bank of India has a program called Cent-Kalyani (after the eponymous gemstone) through which women new and existing entrepreneurs may benefit. Women can apply for these micro or little businesses, such as home-food delivery or establishing a beauty business. 

5. Bhartiya Mahila Bank Business Loan: BMB provides startup business loans for women in the retail and manufacturing industries under this program. In the case of manufacturing companies, they may receive a loan up to Rs. 1 crore, while in the case of retail and service firms, it is up to Rs. 5 crores. 

6. Dena Shakti Scheme: Women entrepreneurs in agriculture, manufacturing, micro-credit, retail enterprises, and small businesses can apply for Dena Bank's Women Entrepreneurs' Credit Scheme. 

7. Orient Mahila Vikas Yojana Scheme: This program is designed for women holding 51% share capital individually or in a firm. Women entrepreneurs in small-scale industries may also apply for loans ranging from Rs. 10 lakhs to Rs. 25 lakhs under this plan. 

You can also approach NBFCs for awesome terms and get the best business loans for women in India. Availing of these loans would give them the much-needed financial push to take their businesses to the next level. 

Popular posts from this blog

Scaling Up Your Business with the Help of Loans

-
Image
Business Loans are great funding options for entrepreneurs seeking financial support to sustain their business operations. An unsecured Business Loan can help a company scale up in many ways. Borrowers can learn how to get Business Loan in India and use the loan amount for various purposes, including the following: Purchasing inventory Investing in marketing Buying or upgrading equipment or machinery Opening a new branch location Expanding the workplace Building working capital Managing cash flow Hiring skilled team members Paying bills or wages The best thing is that Business Loans have several features that make them highly lucrative for borrowers. Most importantly, they provide ample funding to borrowers that helps them cover various planned or unplanned expenses. Moreover, these loans have competitive interest rates, flexible repayment terms, and an online application process to benefit borrowers in many ways. Approach an NBFC with the best loan offer and get up to Rs 50 lakh with ...
Read more

How to Use a Working Capital Loan to Expand Your Business

-
Image
Several small and medium-sized businesses borrow Loans to meet their growth and expansion goals. A Business Expansion Loan is an unsecured funding option with no end-use restrictions and no collateral requirement. Here is how MSME owners can use a working capital loan to expand their business. · Restocking inventory · Upgrading machinery or equipment · Purchasing business assets · Hiring skilled staff · Investing in marketing · Covering regular business operations, such as paying wages, utility bills, supplier payments, etc. · Renovating the workplace · Launching a new product or service line · Opening a new branch The best thing about this type of loan is that it does not require any collateral to secure the funds. Lending institutions determine an applicant's eligibility and interest rates based on their annual turnover, business vintage and performance, and credit history. Using the loan amount carefully is the key to attaining business growth goals at the right time. One m...
Read more

Why is a Personal Loan for Higher Education Recommended?

-
Image
Many people want to study abroad but lack resources. A Personal Loan for education helps them achieve their dreams and plan for a successful profession ahead. It is an unsecured loan that covers educational costs with easy application, fast approval, and low loans for education interest rates. Why is a Personal Loan for higher education recommended? Well, there are several reasons for that. Cover All Expenses With One Loan: A Personal Loan for education covers all expenses required to study abroad, including admission tuition, accommodation, books, laptop, travel, visa, health insurance, etc. Flexible Loan Amount and Tenure: Borrowers can choose a loan amount and payback term according to their budget and repayment capacity. Hassle-Free Application: Technologically advanced NBFCs have made loan applications straightforward and fast these days. You can apply for an education loan and get the required funds within a few hours without leaving your abode. Quick Approval: Online NBFCs u...
Read more