Women have a huge role in the country’s economy and development of the country. Women in today’s time are capable of doing many such work and business which for some time was limited to men only. What are the options of business loans for women being given by the Government of India or finance companies, you are going to know about this article today.
Business loan options for women –
With increasing education and social equality in India, women are now playing an important role in self-employment and business sector. In addition, many women Today many want to do business but they have only one problem and that is lack of funds.
There are many business loan opportunities for women available in the market today. All those opportunities are being told to you in this article. The government continues to run many schemes to give loans to women and to promote them. Apart from this, the bank also gives facilities like loans to women to grow their business. Similar may be some of these better loan opportunities.
Read this – Gramin Bank Home Loan Interest Rate 2022
Business Loan Schemes for Women by Govt.
|scheme name||Eligibility||Rate of interest||maximum amount||processing fee|
|St. Kalyani Central Bank Of India||Indian female over 18 years||starting at 7.40||1 crore||Zero|
|SBI Stree Shakti Package||More than 51 percent ownership in women’s name industry||Base Rate 0.50 percent||50 lakhs||as per the terms of the bank|
|Bhartiya Mahila Bank Makeup & Catering||Indian female aged 18 to 60 years||as per the terms of the bank||10 lakh||Zero|
|Synd Shakti Loan from Syndicant Bank||Woman should have knowledge of business and enterprise||Base rate 0.25% for loans above 10||50 million||as per the terms of the bank|
|power plan of dena bank||More than 51 percent ownership in women’s name industry||Base rate 0.25% for women with majority stake in the company||2 million||Zero|
Read this – See which bank has the cheapest home loan?
Special place in Mudra loan scheme for women –
This is a central government scheme. In this Mudra loan scheme, this scheme has been started for women to increase their business and to promote them. Under this scheme, women will be given a loan of up to 10 lakhs so that they can set up a good business of their own.
Finance is the most important thing to start a business. To fulfill this, the central government has started this scheme. There is no need to pledge anything for the loan from this scheme. This scheme has been started with the aim of promoting women empowerment.
St. Kalyani Central Bank of India –
The Central Bank of India has also started this scheme for women to promote their business. Along with giving loans to women, the bank charges an interest of up to 7.40 percent from them.
Under this scheme loan amount up to 10 lakhs is given. to this loan MSME given under the scheme. For business related to agriculture and retail, you can take a loan through this loan scheme. After taking the loan, benefits are also given by the government so that women can get some financial help.
The maximum amount available in this loan scheme is Rs 1 crore, the interest rate on this starts from 7.40 percent and the repayment period of this loan can be from 1 year to 7 years.
Read this – Bihar government loan scheme 2022, interest free loan up to 5 lakhs
SBI Stree Shakti Package –
State Bank of India has also started this loan scheme to give rights to women in their business and to promote them. Under this loan scheme, loan amount up to 10 lakh is given, on which interest amount up to 11.20 percent is recovered by the bank.
There is no need to deposit any security to take a loan under the State Bank of India scheme. Apart from this, assistance is also given by the bank and the government so that women can get the right to their business.
Some legal formalities have to be completed for availing loan under SBI Stree Shakti Yojana. Only after this the loan amount is disbursed. To take the loan amount, the bank asks for some important documents, which include Aadhar card, identity card etc.
Bhartiya Mahila Bank Makeup and Catering –
If a woman wants to start a business related to makeup and catering in India, then all those women can take this loan. The age of women taking loan under this scheme should be 20 to 60 years. Along with this, this woman can start her business only in these two categories.
This loan which pays back in 7 years comes under CGTMSE scheme. This is the biggest reason that there is no need for any kind of security and collateral to take this loan. Under this loan, a loan of up to 10 lakhs is given to women so that they can start their own business.
Read this – How to get Mudra Loan?
Synd Shakti Loan from Syndicant Bank –
Syndicant Bank also gives financial assistance for the upliftment of women and to bring them forward in business. Women are given benefits under this scheme. Syndicant Bank gives business loans up to 10 lakhs to women. And on this the bank charges back some nominal interest rate.
Business loan for women, Shakti Yojana of Dena Bank –
If a woman wants to do any business related to agriculture and allied activities, then this is the most important loan scheme for her. In this loan option, a minimum amount of 50 thousand can be given to women.
No processing fee is levied on the loan amount availed under this loan scheme. It gives loan options to women only on the basis of the own convenience of the bank. The maximum loan amount that can be availed from this bank is 20 lakhs.
last word –
In this article you Business loan option for women, from where to get instant loan has been told about. Hope you liked this article of ours.
Read this – How to take loan against Aadhar card up to ₹ 200000?
Read this – What happens if the personal loan is not repaid?