Being a women entrepreneur or a business head has been a myth in India but not anymore. Right from inception, women have always remained silent partner in business be it for their parents or husbands, but the time has changed now and they all have come into notice because of their success. Women who had hid their talents have found their path to glory and many are currently making their own mark in industry. The biggest support a woman can get is from the Indian govt and banks that are always ready with their encouraging schemes and added benefits attached to it.

Loansdirect will explain few women entrepreneur loan schemes that are designed to support them:

  • Stree Shakthi Package:

The Stree Shakthi Package scheme is for entrepreneurs who run small businesses and have 50% of firm ownership. Women who have pursued Entrepreneurship Development Programmes (EDP) that are organised by state level agencies and are only eligible for this loan. Under this scheme, you will get all the necessary assistance for establishing your business

  • Annapurna:

The Annapurna Scheme is for women entrepreneurs who run individual business or partnership firms. The aim of this scheme is to provide financial aid to female business owners for establishing food catering unit. This is a composite term loan and you can avail a maximum amount up to INR 50,000. Female business owners can repay the loan in 36 monthly installments with a suspension period of one month.

  • Cent Kalyani:

This scheme is provided by Central Bank of India for female entrepreneurs. In this scheme a women entrepreneur can get adequate financial assistance for starting a new venture. It provides loans to new as well as experienced business owners, professionals and self-employed.

  • Dena Shakti:

This scheme Dena Shakti is under the nationalized Dena Bank which promotes women-owned businesses by providing various financial services to them. Female entrepreneurs can avail loans under this scheme at a concession of 0.25% on interest rate. This scheme provides business loans for women engaged in the manufacturing sector as well as agriculture and allied activities.

  • SIDBI Mahila Udyam Nidhi:

The Mahila Udyam Nidhi Scheme (MUN) is under Small Industries Development Bank of India that provides financial assistance up to Rs. 10 lakhs to female entrepreneurs for setting up the new industrial venture in small scale sector.

  • Udyogini:

The word Udyogini means woman entrepreneur and this scheme is of Punjab and Sind Bank which motivates female business owners to obtain loans online at liberal terms and low-interest rates. This loan is provided for establishing small scale industries, business enterprises as well as for agricultural activities.

There are many more to join the list and the benefits added to it goes on. It’s rightly said that, “Women are moderate risk takers” they create new jobs not only for themselves but others too and also provide society with different solutions to management, organisation and business problems.