Comparing the figures of Startup India in India, there are only 8 million women entrepreneurs out of total enterprises and more than 50 million male entrepreneurs on the other hand. From these figures, we can find out how a small number of women entrepreneurs exist in our country. Because of the women empowerment and entrepreneurship of women, many such schemes have been implemented by the Government of India through which women entrepreneurs can be seen everywhere in the startup ecosystem of India. Women too will not only work within the four walls of the houses, but women will also be able to start their own business, without any financial interruption.
Apart from the Government of India, bank branches have also made special loans available to give a new flight to the women, so that they can start the initial business very easily. Today we will tell you what new schemes have been made by the government for women entrepreneurs, which will promote women empowerment and start their new startups, so let’s know about these new schemes –
1. Annapurna Scheme
Annapurna scheme was started by the Government of India on 31 October 2015 from Bamori village in Jaipur district. Under the Annapurna Scheme, women entrepreneurs can set up a food catering platform to sell food items like packaged food, snacks, etc. Under this scheme, a loan amount of fifty thousand rupees will be given to those women entrepreneurs by the State Bank of Mysore and which will have to be paid in monthly installments of 36 months. This loan will be given to fulfill the primary needs of women entrepreneurs, that is, to buy utensils and other equipment. The interest rate of this loan will be determined according to the market rate and a woman entrepreneur needs a guarantor to get this loan because this loan will not be given to a woman entrepreneur without a guarantor. The initiative taken by the Government of India is a very good step for budding women entrepreneurs.
2. Oriental Mahila Vikas Yojana Scheme
Women who hold 51% of the share capital either individually or jointly due to a proprietary concern, are given loans by the Oriental Bank of Commerce. Under this scheme, loans ranging from 10 lakh to ₹ 2500000 are given to women entrepreneurs in small scale industries and no type of guarantor is required to avail of this loan. If the woman entrepreneur wants to repay her loan, then her period is 7 years. Under this, a 2% loan interest rate concession is also given to women entrepreneurs.
3. Mudra Yojana Scheme For Women
Under this scheme operated by the Government of India, women who want to start their own business from small enterprises, such as tuition centers, tailoring units or beauty parlors, are given loans without the need of any lateral guarantor. You will also be given a Mudra card at the time of granting the loan and this Mudra card will work in the same way as your credit card and will be limited to 10% of the loan amount. You can avail the Mudra scheme through three people, which is as follows –
Shishu – The loan amount in this is limited to 50000.
Kishore – In this loan amount is between 50000 to 5 lakh rupees. It can be availed by people with established ventures.
Tarun – The loan amount in this is up to 1000000 rupees.
Through these three steps, women entrepreneurs can take advantage of this Mudra scheme very easily and can make their business good.
4. Bharatiya Mahila Bank Business Loan
The Bharatiya Mahila Bank business loan has been shortened to women entrepreneurs who want to start their new venture against retail property and SMEs. Women entrepreneurs are given maximum loan amount up to 200000000 under this scheme and on which a 0.25% discount is also given. The interest rate on this loan amount is usually 10.15% or more. The best part of the Bharatiya Mahila Bank Commercialization Scheme is that it does not require any superannuation for loans up to one crore under the Credit Guarantee Fund Trust for Small and Micro Enterprises.
5. Dena Shakti Scheme
If women entrepreneurs want to expand their business in the field of agriculture, manufacturing, micro-loans, retail stores or micro enterprises and those who need financial assistance, such loans are provided under the Shakti Yojana. Women entrepreneurs are given a maximum loan amount of Rs.20000 under this scheme for retail trade, at which the interest rate is 0.25%. Women entrepreneurs can repay this amount very easily by the monthly payment of installments.
6. Udyogini Scheme
Under this scheme, loans up to one lakh rupees are given to women entrepreneurs who are 18 to 45 years of age and who are doing their business in agriculture, retail, and small entrepreneurs. If the annual income of the family of a woman entrepreneur is less than ₹ 45000, then only she can avail loan through this scheme otherwise. The best part of it is that a 30% subsidy on loans up to ₹ 10000 is also provided to widows, destitute or disabled women of SC and ST categories. Women entrepreneurs can grow their startups very well through the subsidy provided under the Udyogini scheme.
7. Cent Kalyani Scheme
If women want to start their new venture or want to revise it, then they are given the benefit of the DHS scheme of loan by the Central Bank of India. Under this scheme, this loan can be availed by women entrepreneurs who are involved in business ventures like a village, small and medium industries, self-employment, agricultural retail trade. Under this scheme, women entrepreneurs do not need any guarantor while taking a loan and the maximum loan amount given under this scheme is 1 lakh.
8. Mahila Udyam Nidhi Scheme
The Mahila Udyami Nidhi Yojana has been started by the Punjab National Bank and the objective of the scheme is to support women enterprises involved in small scale industries by giving them loans. The loan amount given under the Mahila Udyog Nidhi Yojana can be repaid very easily by the women entrepreneur within 10 years. Under the Mahila Nidhi Scheme, there are also different loan schemes for buying beauty parlor, daycare center, auto-rickshaw two-wheeler and the maximum loan amount given under this scheme is 1000000 rupees.
9. Stree Shakti Package for Women Entrepreneurs
This scheme makes women entrepreneurs get a discount rate in the loan amount. Under this scheme, if the loan amount of the female entrepreneur is more than 200000, then it provides a discount of 0.50% at that interest rate. The same scheme has been operated by the government by most branches of SBI Bank.
The Government of India is giving the benefit of all these good schemes to women entrepreneurs to increase their business. This step was taken by the bank and the government to benefit women empowerment and women empowerment have benefited immensely. If you also want to open your new startup, then give a new direction to your new startup with the help of all these schemes.