About Start-up India Scheme for Women Entrepreneurs
The central government is taking steps to launch a scheme “ Start-up India Scheme ” to maximise the engagement of females in entrepreneurship. The government of India is emphasising on the programmes to provide opportunities to the women entrepreneurs. For this, the government pays more attention in making Startup India Plans for the imminent women entrepreneurs. The government has initiated making tie up with other developed countries like the US. They are installing foreign technologies within the country and getting financial support in the form of funds that amounts to Rs 100 crore as an initial support as well Government of India announced new Scheme Digital India Internship Scheme throughout India.
These government schemes will help and push women community to raise their level on the grounds of technology so that they could look themselves as future entrepreneurs. The strategies to uplift these schemes being in the process as synchronised campaigns run by the government. The launch of NITI Aayog has in evolution that encourages women in labour to participate. The scheme was disclosed on 1st April 2017 with the financial assistance of Rs 100 Crore.
The Start-up India Scheme for Women initially started in 10 cities to see the result of the scheme. The scheme will include the concerns related to government funding, funding for venture capital to take care of the ideas that women bring forward in a company. The government combine with NASSCOM and discuss with other technology companies established in the US like Facebook, Google etc to provide a powerful support to these Schemes for women citizens. The schemes are executed to fulfil the dreams of women to the employer of their business.
The success stories women are accumulated by the government to encourage women community to stand for their growth and participate in the scheme. These encouragements work as a force multiplier for attaining the goal of Sustainable Development.
The revolution being taken place in many parts of the country as more and more women planning to quit their previous jobs and start their own business. Even women at home are encouraged to step themselves out of the home and stand for you to be an independent woman entrepreneur. The easiest part of this scheme for the Start-up India is that the government and assorted banks provide technical loans with different terms and conditions and quite lesser interest rates.
List of schemes and loans regarding women entrepreneurship
The State Bank of Mysore organised this scheme for women to set up food catering business that offers packed food and snacks. The funds issued under this program used by them to buy kitchen utensils and tools.
A sum of Rs. 50,000 funded that can pay back in 36 months in the form of EMIs after getting the loan. They don’t have to pay the monthly instalment in the first month.
This scheme is helpful for the women who are already 50% partner in the existing business they seek the loan for. The funds are granted by SBI branches and provide a discount in the rate of interest by 0.50 % if the loan amount is Rs 2 lakh.
The women entrepreneurs who are going to jump into start-up of a new venture can pursue this loan. The maximum sum of loan is Rs 20 crore manufacturing industries. The rate of interest on the loan can reduced. Collateral security is not necessary for a sum of Rs 1 crore. Under the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE).
Dena Bank offers this scheme for women entrepreneurs interested in the business of agriculture, retail store, production facility, enterprises that seek financial assistance. The interest rates reduced to 0.25 %. The highest amount of the loan raise up to Rs 20 lakhs for categories like education, retail, housing and it Rs 50,000 micro credit.
Udyogini Scheme executes under Punjab and Sind Bank for doing business in Agriculture, small enterprises, and retail stores. The loan of Rs 1 lakh can issu to the women of age limit is 18 to 45 years. The household income for SC/ST women should be Rs 45,000 annually.
The cottage business women, self-employed, agricultural have benefited with this scheme proposed by the Central Bank of India. A maximum of Rs. 100 lakhs issued as a grant under the scheme.
This scheme has launched by Punjab National Bank. This offers soft loans with a repayment period of 10 years to the women looking for business in small-scale industries. The maximum amount is Rs 10 lakhs for this scheme.
The government of India established this scheme for the women seeking the loan for small enterprises & ventures. The loan can obtain as per these 3 approaches-
- Shishu: The limit of loan is Rs 50,000 and is for the companies at the initial stage in their business.
- Kishor: People having a well-established business can avail this loan whose amount lies between Rs 50,000 to Rs 5 lakhs.
- Tarun: This scheme is availed by people with recognised business and needs assistance for further growth. The amount that can avail is Rs 10 lakhs.
A mudra card can given to the loan recipient at the time of providing the loan.
This scheme is for the women entrepreneurs with 51% share in a joint business. The amount given under this scheme between Rs 10 lakhs to Rs 25 lakhs. This can repaid within seven years of availing the loan.