Know about the Finance and Investments Terms

Financial institutions offer special business loans with flexible interest rates and repayment solutions to women. This secured business loan is formulated to provide a source of finance for those women who start up business in India. Here are some of such loans and grants. 

Cent Kalyani Scheme 

This scheme is tailor-made for business loan for women, to aid in either starting new business ventures or expanding/ modifying their business. It does not require collateral, has no processing fee, and can offer up to Rs.100 lakhs. 

Mudra Yojana scheme for women

It is for those women who want to start a business venture on their own. It doesn’t require collateral and can be obtained in either of these three stages:

Bharatiya Mahila Bank business loan

This scheme is for women who need business finance to start a business in the field of retail trade, microloans, retail trade, loan against property, SME loans, and loan against property. This scheme requires no collateral, offers an amount of up to Rs.20 crores, and has an interest rate of 10.15% (excluding concessions).

But before opting for a secured business loan, women must select a lender which is dedicated to supporting women entrepreneurs, and communicate personally with the representative instead of sending assistants.

Read Also: Easy Loans for Women-owned Businesses in India