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Government Schemes For Women Entrepreneurs in India: The stories of entrepreneurs are always inspiring. They make you believe that anything is possible if you are determined to do it. And when it comes to determination, there is no barrier of gender. In India, you will get enough examples of women entrepreneurs who will make you want to leave your couch and start working. From Falguni Nayar, the founder of Nykaa, to Kiran Mazumdar Shaw, the founder of Biocon India, we have hardworking women entrepreneurs who make India proud.

As much as determination is important for entrepreneurs, money plays an important role too. For any potential idea, a certain amount of capital is required. The Government of India understands that. In order to make sure that nobody gives up on their dream of entrepreneurship, the Government has launched various loan schemes. 

Government Schemes for Women Entrepreneurs

To kickstart their business journey, women entrepreneurs have the assurance of financial aid from the Indian Government. There are several loan schemes that women can apply for and start their own businesses. These loans are provided for all kinds of businesses. From opening a beauty parlor to industries, all kinds of businesses are covered under these loans. Some of the Government Schemes For Women Entrepreneurs In India are as follows.

SNo.LoanAmount
1Mudra Loan for WomenRs. 50000 to Rs. 5 lakhs
2Annapurna SchemeUpto Rs. 50000
3Stree Shakti YojanaMore than Rs. 2 lakh
4Dena Shakti SchemeUpto Rs. 20 lakh
5Bhartiya Mahila Bank Business LoanUpto Rs. 20 crores
6Mahila Udyam Nidhi YojanaUpto Rs. 10 lakh
7Orient Mahila Vikas Yojana SchemeRs. 10 lakh to Rs. 25 lakh

Mudra Loan for Women

This loan scheme was launched in 2015. It is one of the top Government schemes for women entrepreneurs. Women who want to start a beauty parlor, a stitching shop, tuition center, or any other small local business can take advantage of this scheme. They do not need any collateral to take this loan. The Mudra loan comes under the following categories.

LoanBusinessAmount
Shishu LoanFor a starting businessUpto Rs. 50,000
Kishor LoanFor an established business that is to be improvedRs. 50,000 to Rs. 5 lakhs
Tarun LoanFor well-established business looking for expansionUpto Rs. 10 lakhs

Annapurna Scheme

This is one of the most used Indian government schemes for women entrepreneurs in food catering businesses. They can borrow up to Rs. 50,000 for buying requisites like utensils, tiffins, etc. One of the best features of the Annapurna Scheme is that the person taking the loan does not have to pay the EMI in the first month. The loan amount has to be repaid in 36 monthly installments. Interest rate varies according to the bank and the market.

Stree Shakti Yojana

Under this scheme, women entrepreneurs can get more than Rs. 2 lakhs of loans. Women who own the majority of the business are eligible to apply for three Stree Shakti loan. Also, to take this loan, the person should be enrolled in the Entrepreneurship Development Program. 

Agneepath SchemeRailTel PM-WANI SchemePunjab Government Schemes
PMJJBY SchemeBihar Government SchemesHaryana Government Schemes

Dena Shakti Scheme

Up to Rs. 20 lakh loan is lent to women entrepreneurs in India. This is one of the Government schemes for women entrepreneurs in agriculture, manufacturing, retail stores, small enterprises, or micro-credit. The scheme provides a 0.25% concession in the rate of interest. Under the microcredit category, the loan is available up to Rs. 50,000

Bhartiya Mahila Bank Business Loan

As the name suggests, the Bhartiya Mahila Bank provides this loan. It offers up to Rs. 20 crore loan. It is one of the Indian government schemes for women entrepreneurs for working capital requirements, manufacturing enterprises, or expansion. 

Mahila Udyam Nidhi Yojana

This is another one of the Government Schemes For Women Entrepreneurs in India provided by a specific bank. The Punjab National Bank (PNB) and Small Industries Development Bank of India (SIDBI) provide up to Rs. 10 lakh loans to women in small-scale industries. Repayment of the loan has to be done in 10 years.

Orient Mahila Vikas Yojana Scheme

This scheme, as the name suggests, was launched by the Oriental Bank of Commerce. Women with 51% ownership in a business are eligible to apply for this scheme. For applying for loans between Rs. 10 lakh to Rs. 25 lakh, collateral is required. Oriental Mahila Vikas scheme is another one of the Indian government schemes for women entrepreneurs that provide a 2% concession in the rate of interest.

Thank you for reading this article. We hope you found it informative. Keep reading our articles for much more information.

Government Schemes For Women Entrepreneurs FAQs

Which are the Indian government schemes for women entrepreneurs?

Some of the Indian government schemes for women entrepreneurs are Mudra Loan for Women, Dena Shakti Scheme, Stree Shakti Yojana, etc.

How much loan can the women entrepreneurs get in India?

Women entrepreneurs can get as much as Rs. 20 crores of the loan depending on their business type.

For what kind of businesses does the Indian government provide loans to women entrepreneurs?

All kinds of businesswomen can get loans. The businesses vary from a beauty parlor to an industry.

Are there any banks that provide loans to women entrepreneurs in India?

Yes, banks like the Punjab National Bank and the Oriental Bank of Commerce provide loans to women entrepreneurs in India.

What is the eligibility requirement for the Stree Shakti Yojana?

For the Stree Shakti Yojana, you need to be enrolled in the Entrepreneurship Development Program (EDP).

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