list of 9 business loan schemes for women entrepreneurs 2022 2021 get loan upto Rs. 25 lakh without guarantee oriental mahila vikas yojana ssy udyogini scheme check complete schemes list

List of 9 Business Loan Schemes

With the aim of removing every obstacle in the way of women entrepreneurs, the central government is running many welfare schemes. Availability of capital is a major factor for promoting entrepreneurship. But now there is good news for those women entrepreneurs who want to broaden their horizons and start their own business or startup. Here we are providing you a list of 9 business loan schemes for women entrepreneurs. With these scheme, women will get loans up to Rs 25 lakh without guarantee.

Many banks are providing special loan facility to women entrepreneurs at affordable rates. Many such schemes have been implemented by the central government as women entrepreneur schemes. These women empowerment schemes are helping to develop women entrepreneurs in the startup ecosystem of India.

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List of 9 Business Loan Schemes for Women Entrepreneur Schemes

Here is a list of 9 business loan schemes for women entrepreneurs for 2020-21, which provide loans up to Rs 25 lakh to women for their business:-

Oriental Women Development Scheme

Under this scheme, Oriental Bank of Commerce (OBC) Bank provides loans to women who, individually or jointly, own a proprietary concern and hold 51% share capital. In Oriental Mahila Vikas Yojana, loans ranging from Rs 10 lakh to 25 lakh are given to women entrepreneurs for small scale industries. Accordingly, no guarantor is required to avail this loan and women entrepreneurs can repay their loan within a period of 7 years. About 2% loan interest rate concession is also given to women entrepreneurs.

Udyogini Yojana

Under Udyogini Yojana, loan up to Rs 1 lakh is given to women b/w 18 and 45 years of age. These loans are for working in business, agriculture, retail and small entrepreneur sector. If the annual income of the family of a woman entrepreneur is less than Rs 45000, then only she can get loan through Udyogini Yojana. A subsidy of 30% is also provided for loans up to Rs 10,000 to widows, destitute or disabled women of SC and ST categories.

Sukanya Samriddhi Yojana

Under the SSY scheme, loans are given to women starting businesses from small enterprises. This includes tuition centre, tailoring unit or beauty parlor etc. Women will also get Mudra card at the time of giving loan and this Mudra card will work like your credit card and there will be limited amount of 10%. loan amount. Also, the loan amount is given between Rs.50,000 to Rs.5 lakh. The loan amount under the Tarun component of Mudra Yojana is Rs 10 lakh.

Click Here to Pradhan Mantri Mudra Yojana Application Form

Bhartiya Mahila Bank Business Loan

Bhartiya Mahila Bank Commercial Loan is for women entrepreneurs who want to start a new venture with assets in retail and SMEs. Women entrepreneurs are given a maximum loan amount of up to Rs 20 crore and a rebate of 0.25% is also given. The interest rate on this loan amount is usually 10.15% or more.

Annapurna scheme

Under Annapurna Yojana, women entrepreneurs who want to set up food industries to sell food items like packaged food, breakfast etc. In this scheme, a loan of Rs 50,000 is given to women entrepreneurs by the State Bank of Mysore. Women can pay it in monthly installments of 36 months and loan will be given to meet the primary needs of the women entrepreneur to buy utensils and other equipments.

Dena Shakti Yojana

Dena Shakti Yojana is best for all women entrepreneurs who want to grow their business in the field of agriculture, manufacturing, micro-credit, retail stores or micro enterprises and need financial assistance. Women entrepreneurs are given a maximum of Rs 20 lakh for retail business at 0.25% interest rate. This amount can be easily repaid by the bank provided in the loan by the women entrepreneurs by monthly payment of installments.

St. Kalyani Scheme

If women want to start their new venture or want to modify it, then Central Bank of India gives them the benefit of loan DHS scheme. Under Cent Kalyani Yojana, this loan can be taken by women entrepreneurs who are involved in business ventures like village, small and medium industries, self-employment, agriculture retail business. No guarantor is required while taking loan to women entrepreneurs and the maximum loan amount given is Rs 1 lakh.

Mahila Udyog Nidhi Scheme

Punjab National Bank (PNB) launched Mahila Udyog Nidhi Yojana. Under this scheme, the objective is to provide loans to women enterprises involved in small scale industries. The loan amount can be easily repaid by women entrepreneurs over a period of 10 years. Various loan schemes are also included under Mahila Nidhi Yojana, Beauty Parlour, Day Care Centre, Auto Rickshaw. The maximum loan amount that can be given under Mahila Udyog Nidhi Yojana is Rs 10 lakh.

woman power package

This scheme gives discount rate of loan amount to women entrepreneurs. If the loan amount of a woman entrepreneur is more than Rs 20 lakhs, she provides 0.50% discount on that interest rate. This Stree Shakti Package is operated by the Central Government through most of the SBI Bank branches.

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