Cent Kalyani Scheme | Government Loan for Womens in India

6 Business Loan Schemes for Women Entrepreneurs!

Starting a business is not as simple as it appears on the surface. Financing is critical to the success of any business. It is the foundation of any business. However, some people will not receive financial assistance in the beginning. That is why those who want to start a business are given business loan opportunities.

Cent Kalyani Scheme | Government Loan for Womens in India

In this blog, we have discussed various business loan schemes for women that have been launched to assist women entrepreneurs in becoming financially independent and for those looking for opportunities to start or expand their businesses.

1. Cent Kalyani Scheme (Business Loan Scheme)

Cent Kalyani Scheme – LIVFIN – Finance Services

The Central Bank of India offers this scheme to help women entrepreneurs by providing loans for small businesses and startups. This loan is only for women who want to start their own small business or expand their existing business.

It is a loan with no collateral and no processing fees. Women in the farming industry, government-supported retailing firms, and women whose work falls under the MSME category are all eligible for this loan.

The Cent Kalyani scheme for Women Entrepreneurs would have a loan limit of 100 lakhs.

2. Bharatiya Mahila Bank (Business Loan Scheme)

Bharatiya Mahila Bank - Wikipedia

Shringaar and Annapurna are the two loan options offered by Bharatiya Mahila Bank. These loan programs for female entrepreneurs provide large-scale assistance to their businesses.

This was created to assist them in the creation of a new startup brand as well as the expansion of their existing business. A female entrepreneur can apply for a loan of up to Rs 20 crore for her business.

The Shringaar loan is primarily for women in the beauty industry who want to open or expand their beauty salons.

The Annapurna loan focuses on providing financial assistance to women in the catering industry. This enables them to purchase necessary products and equipment for their catering business, such as utensils. Vehicle management, for example. This scheme also offers loans to women who sell packaged food items, which earns them a good living and is something that most housewives can do.

3. Mahila Udyam Nidhi Scheme (Business Loan Scheme)

Mahila Udyam Nidhi Scheme

Punjab National Bank offers this scheme. The Mahila Udyam Nidhi Scheme promotes and assists MSMEs, as well as small-scale industries run by female entrepreneurs.

They provide loan schemes for women for a variety of purposes, including the establishment of beauty parlors, auto-rickshaws, and other vehicles for women’s business purposes. The individual will be given up to ten years to repay the loan.

The loan limit for the Mahila Udyam Scheme is ten lakh rupees.

4 . Stree Shakti Package

6 Business Loans Available For Women Entrepreneurs - The Channel 46

This is one of the loan programs for women entrepreneurs provided by SBI in the majority of its branches. They should, however, own at least 50% of the company. The primary goal of this program is to assist rural women in increasing their income.

5. Pradhan Mantri Rozgar Yojana

Prime Minister Rozgar Yojana | Financeseva

The Pradhan Mantri Rozgar Yojana scheme provides financial assistance to women entrepreneurs. This program benefits women in all industries, new ventures, and services.

This scheme primarily focuses on providing women with self-employment opportunities and loans to help them become financially independent. The scheme covers all available business options, including agriculture. This scheme, most importantly, provides a 15% subsidy on project costs up to a maximum of 12500 INR per head.

The loan limit for the Pradhan Mantri Rozgar Yojana scheme is 2 lakhs for the business sector and up to 5 lakhs for services and industry-based startups and companies.

Pradhan Mantri Mudra Yojana - Presentation Gov

The Mudra Yojana Scheme was launched by the Government of India as part of the Pradhan Women to Mantri Mudra Yojana to assist women entrepreneurs. The loans are collateral-free to support MSMEs and SMEs. In addition, the Pradhan Mantri Mudra Yojana has three different schemes for different businesses called Shishu, Kishor, and Tarun. The applicant’s age should be between 18 and 35 years old.

The Pradhan Mantri Mudra Yojana scheme will have a loan limit of up to ten lakh rupees.

7 things you need to remember before applying for a loan

” Sir, my mother needs immediate bypass heart surgery. Can you please arrange a loan? She may not survive without this operation. Sir, please help me with a loan. “


” Sir, the marriage of my daughter was being fixed as we finally found the exact man we needed for our daughter. I need an urgent loan within a week. Sir please help me. “

We often have heard of these problems in our regular days. These incidents are very much common in our life-cycle. Hence, we have to be dependent in our life at least for once. Whether it is our luck or unluck we have to go to certain places to fulfill our needs, like banks ( government or non-government), NBFC (Non-banking financial company ), some private lenders, or any license holder’s organization.

But unfortunately, we don’t use to get the loans as per we need. We don’t get the sufficient amount we need. So how can we be eligible for the amount that we will be needing as a loan?

It is pretty much important to acquire some knowledge on certain topics.

Credit rating

Credit rating or credit report is a very important subject to acquire knowledge about before applying for a loan. Some terms and differences are needed to pay attention to.

Credit rating
Credit rating

Credit report

The credit report is a rating system by which it is determined whether someone is eligible for taking a loan or not. It is a detailed report that includes that person’s previous loans ( the loan amount, the name of the loan providing organization, EMI percentages, etc. ).
Many of us don’t know the difference between credit and cibil scores.

Credit report
Credit report

Credit score vs Cibil score

Many of us have this misconception that there is no difference between credit score and cibil score. Credit information bureau India limited or Cibil is also known as trans union cibil which is used to generate the credit report. But Cibil is not the one and only company to create the credit report. There are more like, Equifax, Experian, and CRIF Highmark but Cibil is being prioritized by most banks and financial organizations.

Credit score vs Cibil score
Credit score vs Cibil score

Credit report vs Credit score

Firstly, a Credit score is a score between the numbers 300 to 900, which determines how eligible you are to get a loan. It shows how punctual and responsible you are in case of paying back.
A credit report is a detailing of your previous loans like how many times, on which dates, and from which organizations you have taken loans.

Credit report vs Credit score
Credit report vs Credit score

The required documentation is being verified properly

Many of us neglect the fact of verification. Your documents will be verified with proper guidelines. So use only verified documents.

Minimum income source

You should have a minimum income source to meet the requirements of taking a loan. You should earn a minimum amount of 15k or if you are a business owner you should maintain a sum of 10 thousand balance in your bank account. The transaction statements play a key role here. The last 6 month’s bank statements should be fine and fair.

No shortcuts or settings

No illegal approach should be taken in any way while applying for a loan. In many cases, you may get a loan but this can harm you in the future. For example, if in the first place you get a loan through illegal means, you may be penalized in any subsequent legal inquiry and you may have to immediately repay the loan institution that took illegal means.

When should you apply for a loan?

Read this very seriously, it is clear that you should apply for a loan when you are financially well off or in need. Because it is a social rule that people trust to give money to those who already have money.

When should you apply for a loan?
When should you apply for a loan?

How much amount should you give while taking a loan?

The answer is Zero (0). Yes, a big zero. Some agents or intermediaries get acquainted or someone calls you suddenly and says that he will give you a loan and for that he demands some money in advance or some money as commission after the loan is done. You must refrain from such mischief. Because whenever you’re getting a loan, they are already getting a commission for that. The money is being collected from the processing fees. Any representatives from any bank or money-providing organization don’t expect any extra money from you. Their only motive is to give the exact amount you want.

The preparation before taking a loan

It is very important that you understand the significance when you are asking for a loan from someone, you are definitely lending money to someone and it is not desirable for any reputable person. In that case, if you have to take a loan somewhere there should actually be a reason for it, and plan for it at least 6 months in advance if you are a businessman and at least 3 months in advance if you are an employee. The time limit I mentioned is that if you start preparing within this time frame, it is only possible to get a loan by submitting the kind of information, proofs, or documents that are required in a legal way.

Now your question is if my mother gets sick or my daughter is mature enough for marriage, won’t I be able to get a loan?

See, this totally depends on your personality and income source. If you meet all of the requirements, you will surely get a loan. You should have a clean bank statement (especially the last 6 months) to submit. If you want to enjoy your life and don’t want to take a loan, leave your questions in the comment box below and If you don’t want your friends and family, to get into trouble, share this article with them. Thank you.