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5 Best Business Loan Schemes for Women Entrepreneurs – By Soni Money World

Mudra Yojana: The Pradhan Mantri Mudra Yojana (PMMY) is a scheme launched by the Government of India in 2015 to provide loans to micro, small, and medium enterprises (MSMEs). The Scheme Offers Loans of up to ₹10 lakh to Women Entrepreneurs under the Shishu category. The loans are available at competitive interest rates and are repayable over a period of 5 years.

Stand-Up India Scheme: The Stand-Up India Scheme is a scheme launched by the Government of India in 2016 to provide loans to women entrepreneurs from scheduled castes (SCs), scheduled tribes (STs), and other backward classes (OBCs). The scheme offers loans of up to ₹1 crore to women entrepreneurs under the category of Scheduled Castes (SCs), Scheduled Tribes (STs), and Other Backward Classes (OBCs). The loans are available at competitive interest rates and are repayable over a period of 7 years.

Mahila Udyam Nidhi: The Mahila Udyam Nidhi is a scheme launched by the Small Industries Development Bank of India (SIDBI) to provide loans to women entrepreneurs. The scheme offers loans of up to ₹10 lakh to women entrepreneurs. The loans are available at competitive interest rates and are repayable over a period of 5 years.

Bharatiya Microfinance Bank (BMB) Udyam Shakti Loan: The Bharatiya Microfinance Bank (BMB) Udyam Shakti Loan is a scheme launched by the Bharatiya Microfinance Bank (BMB) to provide loans to women entrepreneurs. The scheme offers loans of up to ₹5 lakh to women entrepreneurs. The loans are available at competitive interest rates and are repayable over a period of 5 years.

Udyogini Scheme: The Udyogini Scheme is a scheme launched by the Government of Uttarakhand to provide loans to women entrepreneurs. The scheme offers loans of up to ₹5 lakh to women entrepreneurs. The loans are available at competitive interest rates and are repayable over a period of 5 years.

These are just a few of the many business loan schemes available to women entrepreneurs in India. To learn more about these schemes and other available options, women entrepreneurs can contact their local bank or financial institution. Additional safety guidelines:

  • Women entrepreneurs should carefully review the terms and conditions of any loan scheme before applying.
  • Women entrepreneurs should only borrow from reputable financial institutions.
  • Women entrepreneurs should not provide any personal or financial information to anyone unless they are sure that they are dealing with a legitimate institution.
  • Women entrepreneurs should be aware of the risks involved in borrowing money and should only borrow what they can afford to repay.

The post 5 Best Business Loan Schemes for Women Entrepreneurs – By Soni Money World appeared first on SoniMoney World.



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