Empowering the woman workforce is important for the economic development of any country. The Government of India along with various banking institutions of the country, has introduced numerous financial schemes to help women entrepreneurs to achieve their business goals. Having a solid working capital is essential for the success of any business; be it a small-scale industry, a cottage industry or a large-scale industry.
Despite possessing superior skills for the business and the potential for running a successful enterprise, women are often discouraged by lack of funding. Hence, the Government of India has devised various financial schemes to give our women the required financial push; whether it is to setup a business from ground or to expand an existing unit, there are several schemes and loan options available.
Loan Amount :
Loans for small or micro business units are of two types – Term loan to purchase shop, tools and equipment to set up shop, etc., or the loan could be availed as working capital loan to cater to the day-to-day business needs. For beauty parlours, loans of Rs. 25,000 up to Rs. 1 Crore are offered.