Collateral-Free Business Loans for Women Entrepreneurs: Top Schemes in India
To foster female entrepreneurship, Indian financial institutions and government bodies provide specialized credit schemes with concessional interest rates.
Top Schemes for Women Entrepreneurs:
- Stand-Up India Scheme: Bank loans between ₹10 Lakh and ₹1 Crore for setting up greenfield enterprises in manufacturing, services, or trading.
- Stree Shakti Package (SBI): 0.05% to 0.50% interest concession for women holding more than 50% equity ownership in an enterprise.
- Dena Shakti Scheme: Concessional loans for agriculture, manufacturing, micro-enterprises, and allied retail trade.