– Launched in 2015, PMMY is one of the most popular loan schemes for women entrepreneurs in India. – It offers loans up to Rs. 10 lakh under three categories: Shishu (up to Rs. 50,000), Kishor (up to Rs. 5 lakh), and Tarun (up to Rs. 10 lakh). – The loans are collateral-free and have concessional interest rates. – They can be used for a variety of purposes, including starting a new business, expanding an existing business, or purchasing equipment.
– Offered by the State Bank of India (SBI), Stree Shakti Scheme provides loans up to Rs. 2 lakh for women entrepreneurs in rural areas. – The loans are collateral-free and have a repayment tenure of up to 5 years. – They can be used for a variety of purposes, including agriculture, animal husbandry, poultry farming, and retail trade.
– Offered by Dena Bank, Dena Shakti Scheme provides loans up to Rs. 20 lakh for women entrepreneurs in both rural and urban areas. – The loans are collateral-free for loans up to Rs. 5 lakh and have a repayment tenure of up to 7 years. – They can be used for a variety of purposes, including manufacturing, trading, services, and agriculture.
– Offered by Bhartiya Mahila Bank, a bank specifically for women, this scheme provides loans up to Rs. 20 crore for women entrepreneurs. – The loans are available for both secured and unsecured terms and have a repayment tenure of up to 15 years. – They can be used for a variety of purposes, including setting up a new business, expanding an existing business, or purchasing equipment.
– Offered by the Department of Women and Child Development, Government of India, Mahila Udyam Nidhi Yojana provides grants up to Rs. 10 lakh for women entrepreneurs. – The grants are not repayable and can be used for a variety of purposes, including setting up a new business, expanding an existing business, or purchasing equipment.