Top 8 Small Business Loans For Women In India

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Women entrepreneurs

We are in the 21st century and the women of this century are nowhere behind the men in all aspects. Many women have started to enter the business world to earn more and better. In order to further increase the number of women entrepreneurs there are various programs that offer business loans at attractive interest rates. We are in the 21st century and the women of this century are nowhere behind the men in all aspects. Many women started to enter the business world to earn more and better

Shree Shakti Commercial Loan by SBI:

  • The loan in the form of a term loan or working capital may be granted under the Street Shakti package. The loan amount granted would be on the borrower’s profile

  • This loan is offered by most SBI agencies to women entrepreneurs who own at least 50% of the ownership of a business or enterprise.

  • To qualify for this loan, you do not need any collateral for a loan of up to Rs 10 Lakh. However, collateral is a must for any collateral for any loan above. Rs 1 crore or depending on the borrower’s profile.

  • Interest rate: 11.20% From

Bhartiya Mahila Bank loans to businesses:

  • You can apply for a business loan of up to 20 crore under this regime. The loan is granted against the property.

  • This loan is for women entrepreneurs who want to start new businesses in retail and manufacturing.

  • No collateral is required for the loan until Rs 1 Crore.

Annapurna Program by Mysore State Bank:

  • It applies to women entrepreneurs who want to start a business or catering unit. Under this program, they can benefit from a loan of up to 50,000 rupees which must be repaid in monthly installments for 36 months. The interest rate depends on the market.

  • The EMI will not have to be paid for the first month. This loan amount can be used to buy kitchen essentials, utensils, gas connections, raw materials, water filters, etc.

  • For this loan, you need to pledge your business assets as collateral with personal insurance from a guarantor.

  • Age limit: 18 to 60 years

Synd Mahila Shakti Scheme by Syndicate Bank:

  • Under this program, the bank provides financial assistance to women entrepreneurs for those engaged in small businesses, liberal professions or self-employed and retail trade through credit facilities.

  • To start a new business, the bank offers a loan amount of up to Rs 5 Crores at a concessional interest rate for women entrepreneurs.

  • The program is available either as a cash credit to meet the working capital needs of new and existing business units, or as a term loan program of up to 10 years.

Cent Kalyani Scheme by the Central Bank of India:

  • This loan is offered by the Central Bank of India for the purpose of supporting women. Women who are involved in village and cottage industries, such as micro, small and medium enterprises, self-employed women, agriculture and related activities, retail trade and government sponsored programs.

  • No collateral is required, no guarantor or handling fees.

  • The maximum commercial loan that can be granted under this scheme is Rs 100 Lakhs.

Dena Shakti Schematic by Dena Bank:

  • This diagram is a financing plan for women entrepreneurs proposed by Dena Bank. Under this program, women eager to start a business in industries such as microcredit, manufacturing, agriculture, retail and more would benefit from loans.

  • A maximum of Rs 20 lakh loan can be used under this scheme.

  • It is a combination of term loan and working capital.

  • Women entrepreneurs have the right to 25% preferential rates in the loan.

Mahila Punjab National Bank Udyam Nidhi Program:

  • This program aims to support women entrepreneurs involved in small-scale industries. A maximum of Rs 10 Lakh loan can be used under this scheme.

  • The business loan under this scheme can be repaid over a period of 10 years.

Mudra Yojana for women:

This program is started by the Indian government for individual women wishing to start small businesses and businesses such as beauty salons, sewing units, training centers, etc. as well as a group of women wishing to start a business together. No collateral is needed for this scheme as well.


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