Business Loans for Women in Delhi NCR

Women business owners continue to face unique challenges when seeking financing. Biz2Credit has helped hundreds of women secure online financing to pay off unwanted debt, improve or expand their business, purchase inventory and equipment, meet seasonality challenges, and fund operating expenses.

Women Loan

Biz2Credit strives at empowering female entrepreneurs across the country.

In the last two decades, women-owned businesses have picked up pace in India. The emergence and growth of women-owned businesses have greatly contributed towards the economic development of the country. In India, most of the women-owned businesses are related to service sectors.
Women-owned businesses have not only paved way for economic independence but also, have created endless job opportunities for others. Enterprises and small business development programs have played an important role in the economic development of women in the country. However, it is to be mentioned that women entrepreneurs have to face a lot of struggle when it comes to business funding. A female entrepreneur should have thorough knowledge regarding the funding schemes and their sources while planning to secure a business loan. Finance is the backbone of an enterprise, and lack of adequate financial support makes it invariably impossible for the sustenance of any business.

Schemes for Women-Owned Businesses

Of late, many reputed banks have come up with attractive lending schemes for female entrepreneurs. There are many schemes that are exclusively framed for women entrepreneurs. These schemes are advantageous for them since they provide relaxation both in terms of collateral security and rate of interests. In most cases, interest rate varies from 0.25 percent to 1 percent on applicable terms and conditions. Many banks even have special cells for female entrepreneurs. They provide on-ground training and counseling to the women business owners as well as show them avenues for promoting and marketing their businesses.

Here's an insight into the various types of online business loans for women in India.

Stree Shakthi Package for Women Entrepreneurs

The Stree Shakthi Package is applicable for entrepreneurs who run small businesses and have 50% of firm ownership. Women entrepreneurs who have pursued Entrepreneurship Development Programmes (EDP) organized by state level agencies are only eligible for this loan. Under this scheme, you will get all the necessary assistance for establishing your business. Interest concession of 0.50% can be availed only if you obtain a loan above Rs. 2 lakhs under this scheme.

Annapurna Scheme

The Annapurna Scheme is applicable for women entrepreneurs running individual business or partnership firms. The main motive 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 50000. You can repay the loan in 36 monthly installments with a moratorium period of one month. These online business loans for women can also be used as working capital for purchasing utensils, water filters and other kitchen equipment required for food business. You need a guarantor for securing this type of loan. The interest rate for these loans is applicable as per the prevailing rates. For securing this loan, you need to submit assets as collateral to the bank.

Cent Kalyani Scheme

This scheme is provided by Central Bank of India for the benefit of female entrepreneurs. Under this scheme, a women entrepreneur can get adequate financial assistance for starting a new venture. Cent Kalyani provides loans to new as well as experienced business owners, professionals and self employed. Besides, these business loans for women can also be availed by retail traders, small scale industry owners and women entrepreneurs engaged in agricultural and allied activities as well as in village and cottage industries.

Dena Shakti Scheme

Dena Shakti Scheme under the Dena Bank has promoted female women-owned businesses by providing various financial services to them. You can avail loans under this scheme at a concession of 0.25% on interest rate. This scheme provid es business loans for women engaged in manufacturing sector as well as agriculture and allied activities. Besides, business owners running small enterprises, micro-credit or retail stores can also avail this loan.

Mahila Udyam Nidhi Scheme

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

Udyogini Scheme

Udyogoni is a scheme of Punjab and Sind Bank that motivates female business owners to obtain loans online at liberal terms and low interest rates. This loan is taken for establishing small scale industries, business enterprises as well as for agricultural activities. Moreover, this loan is also available for retail traders and other self-employed female entrepreneurs. The aforementioned schemes are available as per the norms of the Indian government for the enhancement of women oriented businesses in the country. Biz2Credit can help you avail these online business loans for women with great ease with free consultation and proper guidance regarding the loan application process.

Have specific financing needs not listed above?

Have specific financing needs not listed above?

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