The growth of the MSME sector in India, especially the rise of businesses where women are in the helm, have prompted financial institutions and the government to take necessary steps forward.
They have introduced various business loans for women, to support female business owners financially and encourage other women of this country to establish their own business. Annapurna Scheme is one of the most notable ones among other credit options. It is specially curated to support women who want to start their catering and food delivery business. The loan amount available here is up to Rs.50,000. Also, it offers one month’s EMI free period after the disbursal of the loan amount.
Apart from these schemes like Stree Shakti Package, Mahila Udyam Nidhi Scheme, MUDRA loan for women etc. are some of the notable government schemes that offer financial assistance to women business owners.
Besides such government-backed schemes, one can always resort to financial institutions for credit. In this regard, business loans are a perfect option. This particular financial product is specially designed to fulfil the needs of a business and available at attractive interest rates and flexible tenure. The eligibility requirements are easy to fulfil, and the loan disbursal process is also quicker.