India is witnessing a rising wave of women entrepreneurship. From running small home-based businesses to managing startups and SMEs, women are driving change and building successful ventures. To empower this momentum, the Government of India offers several loan schemes for women entrepreneurs, designed to provide easy, low-interest financing options.
At Bravima Solution Pvt Ltd, we help women access these business loans through trusted NBFC (Non-Banking Financial Company) partners, ensuring faster approvals and minimal documentation.
In this guide, we’ll cover the top government-backed business loans for women, their benefits, and how to apply.
Why Special Loans for Women Entrepreneurs?
Women in India often face challenges like limited access to credit, lack of collateral, and minimal financial literacy. To bridge this gap, the government has partnered with banks and NBFCs to provide subsidized loans for women—especially in rural and semi-urban regions.
These loans come with:
- Lower interest rates
- Relaxed eligibility criteria
- Collateral-free options
- Training and support programs
Top Government Loan Schemes for Women Entrepreneurs
1. Pradhan Mantri Mudra Yojana (PMMY)
Target Audience: Micro and small business owners, including women-led startups and self-help groups.
Loan Type: Unsecured loan
Amount: Up to ₹10 lakh
Interest Rate: Starts from 7.30% (varies by lender)
Tenure: Up to 5 years
Categories:
- Shishu (Up to ₹50,000)
- Kishore (₹50,000 – ₹5 lakh)
- Tarun (₹5 – ₹10 lakh)
Special Feature: Banks and NBFCs are advised to give preference to women borrowers.
Ideal for: Beauty parlours, tailoring units, grocery shops, food carts, handicraft businesses.
2. Stand-Up India Scheme
Target Audience: Women entrepreneurs from SC/ST category wanting to start a greenfield business.
Loan Type: Term loan and working capital
Amount: ₹10 lakh to ₹1 crore
Interest Rate: As per bank’s policy (usually 6-9%)
Tenure: Up to 7 years with a moratorium period
Requirement: The borrower must hold 51% of the business stake.
Ideal for: Manufacturing, services, or trading sector startups.
3. Udyogini Scheme
Initiated by: Women Development Corporation
Eligibility: Women aged 18–55 years, with family income < ₹1.5 lakh/year (relaxation for SC/ST)
Loan Amount: Up to ₹3 lakh
Interest Rate: Subsidized; often 0% for special categories
Purpose: To support small businesses and self-employment ventures
Ideal for: Women in rural areas starting local businesses or services.
4. Mahila Udyam Nidhi Scheme (by SIDBI)
Loan Amount: Up to ₹10 lakh
Repayment Tenure: 10 years
Purpose: Support for women starting small-scale industrial units
Ideal for: Manufacturing, textile, food processing, and more.
5. Dena Shakti Scheme
Initiated by: Dena Bank (now Bank of Baroda)
Loan Amount: Up to ₹20 lakh
Interest Rate: 0.25% concession on standard rates
Focus Sectors: Agriculture, retail trade, micro-enterprises, housing
Ideal for: Women in agriculture, dairy, and small-scale trade.
NBFCs & Their Role in Women Entrepreneur Loans
While government schemes are great, getting loans through NBFCs can speed up the process. At Bravima Solution Pvt Ltd, we work with top NBFCs like:
- Bajaj Finserv
- Tata Capital
- HDB Financial Services
- Indifi
- Lendingkart
Benefits of choosing NBFCs:
- Faster disbursal
- Minimum paperwork
- Collateral-free options
- Doorstep services
- Online application and tracking
We help women access MSME loans, working capital loans, or term loans from these NBFCs, often under government schemes like Mudra or Stand-Up India.
Eligibility Criteria for Women Business Loans
While criteria vary by scheme and lender, general requirements include:
- Age: 18 to 65 years
- Ownership: Minimum 51% in the business
- Business type: Manufacturing, service, trade, or agriculture
- KYC documents: Aadhaar, PAN, business registration
- Basic financials: Bank statements, ITRs (if applicable)
Documents Required
- Aadhaar Card & PAN Card
- Business Plan or Project Report
- Address Proof
- Bank Statements (6 months)
- Income Proof / ITR (if any)
- Caste Certificate (for Stand-Up India, if applicable)
How Bravima Solution Helps Women Entrepreneurs
At Bravima Solution Pvt Ltd, our mission is to empower women entrepreneurs by offering:
- Free consultation to choose the right scheme
- Application assistance for NBFC loans
- Documentation support
- Faster processing through our lending partners
Personalized offers based on your business needs
Secure Your Business Funding – Apply in Minutes
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