Government Schemes for Women Entrepreneurs

By Samyati Mohanty

Women are becoming more active in the sphere of entrepreneurship and developing it in a dynamic way. Women have the ability to change things when they want to, and they have been acknowledged for being quite constant in their growth. Women who want to work for themselves and start a business are encouraged in today's world because of the advances their gender has made and also because of the government schemes for female entrepreneurs in India. Government schemes for startups might be helpful if you're a woman who wants to establish yourself and your intelligence in the profession, this could be a terrific approach to do it by breaking down social barriers and establishing yourself as a successful brilliant individual.

For these women who own MSMEs, the government schemes for entrepreneurship development in India and public institutions across the country are offering lucrative incentives to encourage them and make it simpler for them to receive loans. There are age restrictions, loan limitations, and conditions associated with these loans, which we urge you review thoroughly before proceeding with the loan. However, in a nutshell, let us look at how various organizations support women through various schemes-

9 SCHEMES FOR WOMEN ENTREPRENEURS IN INDIA

1. ANNAPURNA SCHEME: This loan is for women who are just starting out in the food catering sector with their small businesses. These women entrepreneurs can utilize the credit to fund capital needs such as acquiring equipment and utensils, setting up vehicles, and so on. Under this government schemes for entrepreneurship development in India programme, women can sell packaged foods and snacks, which is one of the most common businesses that women entrepreneurs seek out and thrive in since it is something that housewives have been managing their entire lives and are familiar with. This boosts their sales since they can now get more funding and new items to assist them launch their business than they could before. The plan has a Rs. 50,000 loan limit.

Source- oldagesolution

2. BHARATIYA MAHILA BANK BUSINESS LOAN: This banking initiative was created with the goal of providing large-scale assistance to women and their businesses. Women have worked in a wide range of fields and are always striving for success. This bank was established with the purpose of economically empowering women through various government schemes for women's business. The borrowing limit for this source is Rs.20 crores.

Source-business-standard

3. MUDRA YOJANA SCHEME:This is a programme of the Indian government that intends to enhance the status of women in India by providing access to government schemes for women's business for business loans and other forms of assistance so that they may become financially self-sufficient. If the loan is authorized, they will be given Mudra cards, which function like credit cards and have a withdrawal limit of 10% of the loan amount. This programme provides a variety of options based on the type of business, the level of expansion, and the loan aim. The government has set a loan ceiling of Rs. 10 lakhs under this plan.

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4. ORIENT MAHILA VIKAS YOJANA Plan: This government schemes for startups programme is for women who control 51 percent or more of a private company, either alone or jointly. This is a fantastic opportunity for these stakeholders to contribute to the growth of their company and the progress of their sector. This technique does not need collateral and provides a 2% interest rate reduction. The repayment period might be as long as seven years, and the maximum loan amount is Rs. 25 lakhs.

Source-govtgk

5. DENA SHAKTI SCHEME: This government schemes for startups programme is likewise for women entrepreneurs, but only those who work in agriculture, retail, manufacturing, small companies, or microcredit institutions are eligible. The RBI sets the maximum ceiling limits for women beneficiaries, which are dependent on the industry in which they are growing or planning to start a business. A maximum loan amount of Rs.20 lakhs is available.

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6. PRADHAN MANTRI ROZGAR YOJANA:This programme, like other government schemes for entrepreneurship development in India, , also known as PMRY, is one of the most beneficial social and financial programmes for female entrepreneurs. The purpose of this programme is to provide skill-based self-employment options for female entrepreneurs and employees who desire to be financially self-sufficient. After several revisions to the cost, eligibility, and subsidy limits, this system was formed, which applies to both urban and rural regions. The loan subsidy amount is up to 15% of the project cost, with a maximum of Rs. 12,500 per borrower. All sorts of enterprises in the industrial, commerce, and service sectors can benefit from the programme. The maximum age is 35, and the maximum business loan amount is Rs. 2 lakh, while the maximum service and industrial loan amount is Rs. 5 lakh.

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7. UDYOGINI SCHEME: This initiative encourages women to be self-sufficient and aids them in self-development by providing them with financial resources. This government schemes for women's business programme assists prospective female entrepreneurs by offering loans with low interest rates in compared to the private sector's skyrocketing rates, as well as providing a stable source of credit. Individuals who earn less than Rs. 40,000 per year as a household are eligible. With a limit of Rs. 1 lakh, they encourage loans in the commercial and service sectors in particular.

Source- lendingkart

8. CENT KALYANI Plan: The programme is designed for both new and expanding businesses, with the exception that it is focused at women entrepreneurs. The retail sector, education and training, and self-help organizations are all excluded from the system. The eligible categories, as well as the rules, are detailed in full on their website. There are no restrictions for collateral or processing fees with this loan. These government schemes for entrepreneurship development in India programmes for women entrepreneurs enable certain groups of businesswomen to get loans and develop their operations. This plan allows for a maximum loan sum of Rs. 100 lakh.

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 9. MAHILA UDYAM NIDHI SCHEME: The goal of this initiative is to close the equity gap. It promotes the expansion and success of MSMEs and small businesses in a range of industries. This  government schemes for startups, encourages the reconstruction of SSI units that have been declared inoperable but are still recoverable. With a maximum loan sum of Rs. ten lakhs, the debtor has 10 years to repay the loan.

Source- wiki