The Test Tech
Advertisement
  • Home
  • Business
  • Tech
  • Games
  • Gadgets
  • News
  • Contact
No Result
View All Result
  • Home
  • Business
  • Tech
  • Games
  • Gadgets
  • News
  • Contact
No Result
View All Result
The Test Tech
No Result
View All Result

List of Top Business Startup Loan Schemes for Women Entrepreneurs

admin0 by admin0
December 27, 2022
in Business
0

Starting a new business is always exciting. You are filled with so much enthusiasm and ideas that can change the lives of millions of people. As exciting as it sounds, starting a new business is not easy. A majority of startups shut down in the first year of opening. Many women entrepreneurs are emerging from metro cities and suburban areas of India to defeat all odds. These women founders have plenty of innovative ideas and profitable business models and are ready to take on the world. But as every business needs financial backing to sustain its operations, many women entrepreneurs are also looking to raise funds for their startups.

Though the number of women entrepreneurs in India is comparatively less than male entrepreneurs, the rising number of female founders has created a positive atmosphere in the industry as most women entrepreneurs find it challenging to raise funds for their startups, the government and private financing institutes offer funding schemes to startups led by women entrepreneurs. The goal of these schemes is to help women in India become financially independent and help them bring their ideas into reality. Many government schemes for female entrepreneurs in India currently support women founders with the required funding. If you are raising funds for your business, the following is a list of top business startup loan schemes for women entrepreneurs.

Alt text: – Image of Women Entrepreneurs getting a loan for their Startup

  1. Cent Kalyani Scheme

The Cent Kalyani scheme is a startup funding scheme offered by the Central Bank of India to support women entrepreneurs and provide them with business loans. The loan is exclusively offered to women entrepreneurs who want to start or expand an existing business. Unlike traditional business loans that require collateral as security, this is a collateral0-free scheme with no processing fee. Women involved in the agriculture industry, retailing firms, and women whose work is a part of the MSMEs are eligible to apply for this loan. The limit of this loan can be up to 1 crore.

  1. Mahila Udyam Nidhi Scheme

The Punjab National Bank offers this business loan to eligible women entrepreneurs in India. The Mahila Udyam Nidhi Scheme aims to provide MSMEs and supporting businesses led by women founders. The scheme offers financial assistance to women entrepreneurs who want to set up a beauty parlor, start an auto-rickshaw business, and do various other business purposes. The applicant gets 10 years as a duration to repay the loan. The amount limit for this scheme is up to 10 lakhs.

  1. Udyogini Scheme

The Udyogini scheme is one of the most popular government schemes for female entrepreneurs in India. The Women Development Corporation introduces the scheme to provide financial assistance to women entrepreneurs in India. The scheme is exclusive for women and helps to acquire various subsidized loans from public and private sector banks and reputed NBFCs connected to the scheme. The scheme covers more than 88 industries in which the applicants can apply to secure a business loan. The loan is unsecured, meaning you don’t have to provide collateral.

The maximum amount the applicant can get under the Udyogini scheme is up to 3 lakhs. The interest rates are very competitive compared to other business loan schemes and personal loans. The applicant must be more than 18 years of age and less than 55 years. On top of that, there is no income limit for disabled women and widows. The Udyogini scheme has supported thousands of women entrepreneurs from underdeveloped parts of India and helped them realize their dreams.

  1. Mudra Yojana scheme

The Government of India introduced the Mudra Yojana Scheme under the Pradhan Mantri Mudra Yojana project. The scheme aims to support women entrepreneurs in establishing and expanding their existing businesses. The loans are collateral-free, so you don’t have to worry about offering a property, gold, or anything as collateral. The Pradhan Mantri Mudra Yojana offers three schemes under it. The scheme’s three subcategories are the Shishu, Kishor, and Tarun, based on the business size and amount of business loan required. The applicant must be between 18 and 35 years old to be eligible to apply for this scheme.

Raising funding from private or government finance institutes can be challenging, especially when starting your business. To avoid all that hassle, you can consider revenue-based financing for your business. If you are worried about losing your equity to investors, revenue-based funding helps you avoid dilution. You need to pay back the investors from your monthly revenue in return for their investment. This way, the investors get the money back, and you don’t have to lose your equity. A win-win for both!

Being a woman entrepreneur, you already face many challenges like gender discrimination and societal pressure. Don’t let fundraising be another headache for you. Take a look at the business mentioned above funding schemes and find the one that suits your business needs and can help you bring your ideas into reality in the form of a profitable business.

Tags: Business
Previous Post

How Wheel Spacers Can Help You In Driving?

Next Post

The Best Pans To Use For Cooking Fish

admin0

admin0

Related Posts

Ways to Fulfill Your Corporate Social Responsibility Obligations
Business

Ways to Fulfill Your Corporate Social Responsibility Obligations

by admin0
September 30, 2023
StartAMZ2: Your Go-To for Online Business Success
Business

StartAMZ2: Your Go-To for Online Business Success

by admin0
September 21, 2023
Bitcoineer Review: Unveiling the Strengths of a Premier Trading Platform
Business

Bitcoineer Review: Unveiling the Strengths of a Premier Trading Platform

by admin0
September 19, 2023
Unlocking the Power of Monday.com: Your Guide to Easy Logins
Business

Unlocking the Power of Monday.com: Your Guide to Easy Logins

by admin0
September 14, 2023
The Benefits of Dividend Investing: Stable Income and Long-Term Growth
Business

The Benefits of Dividend Investing: Stable Income and Long-Term Growth

by admin0
September 11, 2023
Next Post

The Best Pans To Use For Cooking Fish

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Premium Content

The Chaudhary Bloomberg 2.8b: A Guide To Investing In Indian Stocks

January 30, 2023

Cinnamon Toast Crunch Crocs

August 30, 2022

Hide My IP Premium How to Free Download

September 24, 2022

Browse by Category

  • Adventure
  • Animals
  • Biography
  • Business
  • Business & E Commerce
  • Celebrity
  • Classifieds
  • Construction
  • Creativity
  • Education
  • Embracing Eco-Friendliness
  • Entertainment
  • Fashion
  • Finance & Public Administration
  • Flower
  • Food
  • Gadgets
  • Games
  • Global
  • Health
  • history
  • Home
  • Home Decoration
  • Home Design
  • Information
  • Interior Design
  • Legal
  • Lifestyle
  • Marketing
  • News
  • Personality
  • Pets
  • privacy
  • Restaurants
  • Security
  • Social Media
  • Software's
  • Sports
  • Tech
  • Transportation
  • Travel
  • Uncategorized
  • Wallpapers
  • Weather
  • Web
  • WooCommerce

Browse by Tags

Animals back to school necklace baiones-ecom intermediacoes ltda belo horizonte basniãƒâ€žã‚â ky na dobru noc Business Celebrity Classifieds Construction Delta-8 Products dog fence dog food delivery in sydney Education Entertainment errordomain=nscocoaerrordomain&errormessage=could not find the specified shortcut.&errorcode=4 Fashion Food Gadgets Games Global Health Home Home Design how2invest Information leather cross body bags Lifestyle Marketing mellow mushroom negin behazin vs dignity health News Opting for a DIY travel vacation to the best places in Africa means you need to understand a lot of things about your tourist destination Personality Pets photeeq reliable tour online reservation system Security Social Media Software's Sports Tech Travel Viator promo code Wall Murals Wallpapers Weather
The Test Tech

Check out the latest in tech and more, exchange thoughts, and get involved with what's new. Join us as we explore the fascinating realm of every news.

© Copyright 2023, All Rights Reserved | The Test Tech | Owner of The Test Tech

No Result
View All Result
  • Home
  • Landing Page
  • Landing Page
  • Landing Page
  • Buy JNews
  • Buy JNews
  • Buy JNews
  • Support Forum
  • Support Forum
  • Support Forum
  • Contact Us
  • Pre-sale Question
  • Pre-sale Question
  • Contact Us
  • Contact Us
  • Home
  • Home

© Copyright 2023, All Rights Reserved | The Test Tech | Owner of The Test Tech