7 Best Loan Schemes For Woman Entrepreneurs

women empowerment schemes

Best 7 Loan Facilities for Women Entrepreneurs 

To increase the participation of women in the field of business and strengthen their economic condition, most of the banks keep launching attractive women empowering schemes from time to time. We are elaborating on some such best plans:

1. Annapurna scheme

Under this scheme, women are given loans related to the food catering sector. There is a maximum loan of up to 50 thousand, the duration of which is three years. For the convenience of customers, banks provide the facility of gem free one month after giving a loan. In this, you need a guarantor and collateral security. The rate of interest will be according to the market rate.

Annapurna Scheme
Annapurna Scheme

2. Stree shakti package

This Stree shakti package is for women who hold 50% ownership in a firm or business. If you take more than 2 lakh loans, then you are given a discount of 0.5% in the current interest rate. Only women who participate in state-level entrepreneurship development programs can apply.

Stree shakti package scheme
Stree shakti package scheme

3. Dena Shakti Scheme:

This Dena shakti scheme of Dena Bank is exclusively for women entrepreneurs. Under this scheme, women can take loans for farming, production, retail stores, and small scale industries. In this, they get 0.25% interest rate rebate.

Dena Shakti Scheme
Dena Shakti Scheme

4. Vyapar Loan:

This is the plan of Punjab and Sindh Bank. Under this, women get loans at low-interest rates and there is considerable relaxation in terms and conditions.

Vyapar Loan
Vyapar Loan

5. Cent Kalyani Scheme

Cent Kalyani scheme is the plan of the Central Bank of India. Under this, the programs released by the government, cottage industries, agricultural industries, handloom-handicrafts, beauty parlors, daycare centers, women associated with retail business in rural areas get an easy loan. The interest rate of each sector is different and is determined on the market rate.

cent kalyani scheme
Image Source: moneymaya.in

6. PNB MAHILA UDYAM NIDHI SCHEME

Mahila Udyam Nidhi loan to promote small scale industry given by Punjab National Bank. Under this, you can get a loan of up to 10 lakh, which has to be repaid within 10 years. Like most schemes, its interest rate is also based on the market rate, which varies from time to time. There are special loan facilities for beauty parlor, daycare center, autorickshaw, two-wheeler or car.

Other women loans provided by PNB are PNB MAHILA Samridhi Yojna, Scheme For Financing Creches, PNB Kalyani Card Scheme and PNB Mahila Sashaktikaran Abhiyan

Apart from these, there are Bank of Baroda’s Akshaya Mahila Samajik Sahay Yojana and Punjab National Bank’s Mahila Samridhi Yojana, Mahila Udyam Nidhi Yojana, Mahila Sashaktikaran Yojana and loan schemes issued by Oriental Bank and Bharatiya Mahila Bank.

Mahila-Udyam-Nidhi-Scheme
Mahila-Udyam-Nidhi-Scheme

7. Small Entrepreneur Credit Card

Banks keep on bringing something new to woo traders. Many banks have brought small entrepreneurs credit cards in this chain. Its help has made the beginning of business even easier. Many banks offer this facility, taking information about all, you can take a credit card according to your convenience.

Small Entrepreneur Credit Card
Small Entrepreneur Credit Card

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