Top 6 Government Loans Schemes for Women Entrepreneurs in India

To promote women entrepreneurs and prioritize their empowerment, the Narendra Modi-led central government has introduced several Loans Schemes for Women can start their own businesses by applying for these schemes.

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The central government introduces new schemes in every budget, and through the Mudra Yojana, millions of women have started self-employment ventures. Here is detailed information about the government schemes specifically designed for women and the loans they can avail of.

Top 6 Government Loans Schemes for Women

Annapurna Scheme

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The Annapurna Scheme is designed specifically for women involved in food and catering businesses. Under this scheme, women can avail loans of up to ₹50,000, which can be repaid in 36 installments.

Mudra Yojana

The Pradhan Mantri Mudra Yojana is a loan scheme launched by the government to provide loans to entrepreneurs. Women can avail loans of up to ₹10 lakhs under this scheme without the need for collateral or security.

Stand-Up India Scheme

The Stand-Up India Scheme, initiated by the Ministry of Finance, supports women, Scheduled Caste (SC), and Scheduled Tribe (ST) entrepreneurs to set up businesses in manufacturing, services, trading, and agriculture-related activities.Under this scheme, every bank branch is required to provide loans ranging from ₹10 lakhs to ₹1 crore to at least one woman, SC, or ST entrepreneur. For non-individual businesses, a minimum of 51% ownership must belong to women, SC, or ST entrepreneurs.4.

Stree Shakti Yojana

Stree Shakti Yojana is a scheme aimed at encouraging women entrepreneurs and providing financial support for starting their businesses. Launched in 2000, this scheme offers a 0.05% concession on loans exceeding ₹2 lakhs. Applicants must enroll in the Entrepreneurship Development Program (EDP).

Cent Kalyani Scheme

Supported by the Central Bank of India under the Startup India initiative, the Cent Kalyani Scheme is designed to promote and support women entrepreneurs. Women running new or existing micro or small enterprises as per the MSME Act of 2006 can benefit from this scheme.

Udyogini Scheme

The Udyogini Scheme is a program launched by the Indian government to promote women’s entrepreneurship and economic empowerment. It offers loans at lower interest rates compared to other financial institutions. Women with an annual income of less than ₹40,000 can avail loans of up to ₹1 lakh under this scheme.

Additional Information Loans Schemes for Women

The central government has also introduced many more schemes for women. For detailed information, women can visit the branches of nationalized banks. Those dreaming of starting their businesses can apply under these schemes to turn their aspirations into reality.

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