Government announced more loan schemes for women for their welfare development,also to create more women entrepreneur.These loans are provided to the women who interested to start the small business.
Loan scheme for women
Cent kalyani scheme
- This loan scheme was announced by Central Bank of India
- Interest rate for this loan varies according to the sector as per the market rate.
- This is mainly provided for the women resides in village sector.
- Women employed in cotton industry,self employed,involved in agriculture,retail trade can also get this loan.
- Women above 18 years can apply for this.
- Period for loan settlement is 1 to 7 years.
- Security is needed.
Shringaar and Annapurna Scheme
- This loan is offered by Bhartiya Mahila Bank.
- It is provided for the women who is willing to start the catering business.
- Maximum amount provided in this scheme is Rs 50,000.
- It should be repaid within 3 years for annapurna and 7 years for shringaar.
- Shringaar scheme given to the women who starts beauty parlour.
- Applicant age must be between 20 to 60 for shringaar scheme and 18 to 60 for annapurna scheme.
Stree Shakti package
- State Bank Of India offers this loan who would like to start a own business.
- Maximum amount of 50 Lakhs will be provided.
- Interest rate is less than the bank base rate only exceeds 2 Lakh.
- Women took part in Entrepreneurship development programs organised by government alone eligible for this loan and also she should own 50% of the enterprise.
- No security needed upto 5 Lakhs.
Dena shakti scheme
- This is provided by the dena bank.
- This loan is available for the women who engaged in manufacturing business,agriculture,retail stores etc.
- 0.25% reduction in interest rate.
- This is eligible for the women who is greater than 50% in ownership of business enterprise.
- No third party security.
- Upto 20 Lakh is provided.
Mahila Udyam Nidhi scheme
- Punjab National Bank Provides this loan.
- Loan amount upto 10 Lakhs is given to women who starts business in small-scale-sector.
- It should be repaid within 10 years.
- Interest rate varies according to the sector.
- Free credit card is provided,no third party security.
- This loan is offered to the women who is having adequate knowledge about the business.
Udyogini scheme
- Punjab and Sind bank offer this loan for the agriculture purpose,small retails,small business.
- This loan does not have any repayable term.
- Interest rate is less than the bank rates.