Introduction Women are being empowered in every field through various government initiatives. To strengthen their role in the business sector, several loan schemes are being run by the central and state governments. These schemes aim to support women entrepreneurs, even those without income proof.
In this article, we provide detailed information on a loan of Rs. 50,000 available to women without income proof, which can be availed as a group for business purposes.
Women Loan Schemes Several group loan schemes are available for women, allowing them to access loan amounts ranging from Rs. 10,000 to Rs. 90,000. In these schemes, 8 to 10 women can apply together. If you are planning to start your own business, you can benefit from these group loans.
Below is a list of government-backed group loan schemes designed for women entrepreneurs. You can choose a scheme that best suits your business needs and apply accordingly.
Mahila Samridhi Yojana
- Women can apply for a group loan to start a business.
- Designed to encourage women entrepreneurship.
Mudra Loan Scheme
- Launched as PM Mudra Loan Scheme by the Central Government.
- Available through various banks.
- Provides loans up to Rs. 10 lakh for business purposes.
Sind Mahila Shakti Scheme
- Offered by Syndicate Bank.
- Provides financial assistance to women entrepreneurs.
St Kalyani Mahila Loan
- Initiated by the Central Bank of India.
- Provides loans to women’s groups for business.
- Shringar and Annapurna Mahila Loan Scheme
- Launched by the Reserve Bank of India.
- Offers financial support for businesses related to beauty parlors and makeup items.
Bandhan Bank Mahila Group Yojana
- Bandhan Bank provides loan amounts to women starting small businesses.
- Available for women entrepreneurs seeking financial support.