Dena Shakti Scheme

Dena Bank is a public sector banking company started with the vision of promoting economic opportunities for women and to set a path towards the economic empowerment of women. The bank creates a platform for woman entrepreneurs to get business loans. These business loans are intended for most business purposes to meet the requirement of working capital or for business expansion. In this article, we look at the Dena Shakti Scheme in detail. To know about

Women Entrepreneurship Platform

Sectors Covered Under this Scheme

The following are the fields focused in this scheme are as follows:

Agriculture and allied activities
Small Enterprises (Direct and Indirect Finance)
Micro and small (manufacturing) enterprises
Micro and small (service) enterprises which include small road and water transport operators, small business professional and self employees and all other service enterprises
Retail Trade
Micro Credit
Education
Housing

Dena Bank Loan Details

The primary objective of the Dena Shakti Scheme is to financially support the woman entrepreneurs by including all the following activities or sectors covered under the scheme. The below are the details of Dena Bank Business Loan Interests, charges, fees and Commissions.

S.No.	Type	Loan Details
1.	Interest Rate	0.25% below base rates for women entrepreneurs who are majority stakeholders in the company
2.	Loan Amount for Agriculture	Up to Rs. 20 Lakhs
3.	Loan Amount for manufacturing, retail trader, or small enterprises (Direct and Indirect Finance)	Up to Rs. 20 Lakhs
4.	Loan Amount for Retail Trader and micro-credit.	Up to Rs. 50,000 under micro credit schemes.
5.	Loan Tenure	Up to 7 years
6.	Processing Fee	0.50% of the loan amount

Eligibility Criteria

Women entrepreneur with more than 50% ownership of a business enterprise is eligible to apply for the Dena Shakti Scheme.

Features and Benefits of Dina Bank Shakti Scheme

The below following are some of the main features and benefits of applying for a Shakti Scheme with Dina Bank Business Loan

The women entrepreneurs offered with the concession of 0.25% in interest rate.
A combo of working capital and term loan
The repayment tenure is flexible as it can be lasting up to10 years
Microcredit and retail stores are also eligible entities along with enterprises operating in the agriculture and allied sector.

Documents Required

The required documents are to be submitted while applying for Dena Shakti Scheme.

Identity Proof: PAN Card, Aadhaar Card, Driving License, Voter ID Card, etc.
Address Proof: Aadhar Card, Valid Passport, Utility bill, Property tax bill, etc.
Bank account details.
One passport size photo of the applicant.

Application Procedure

The applicant will have to approach the nearest

Dena Bank Branch for applying for this loan. Then the applicant needs to get the application form from the bank office and have to fill out the business loan Shakti scheme application form in a prescribed format. The specified proofs to be submitted along with the Shakti scheme loan application form.

Back to Learn

Frequently Asked Questions

Common questions about Dena Shakti Scheme Business Loans for Women Entrepreneurs.

The Dena Shakti Scheme is a business loan scheme offered by Dena Bank, a public sector bank, aimed at promoting economic opportunities and empowerment for women entrepreneurs. It provides financial support and access to loans for various business purposes across different sectors.

Women entrepreneurs who own more than 50% ownership of a business enterprise are eligible to apply for the Dena Shakti Scheme. The scheme is designed specifically to support and encourage women in entrepreneurship.

The Dena Shakti Scheme covers a wide range of sectors, including agriculture and allied activities, small enterprises (direct and indirect finance), micro and small manufacturing enterprises, micro and small service enterprises, retail trade, micro-credit, education, and housing.

The loan amount limits vary based on the sector. For agriculture, manufacturing, retail trade, and small enterprises, the maximum loan amount is up to Rs. 20 lakhs. For retail traders and micro-credit, the loan amount is limited to Rs. 50,000 under micro-credit schemes.

The Dena Shakti Scheme offers a flexible repayment tenure of up to 7 years, providing borrowers with ample time to repay the loan.

Women entrepreneurs who are majority stakeholders in the company are offered a concession of 0.25% below the base rates on interest rates under the Dena Shakti Scheme.

The Dena Shakti Scheme offers a combination of working capital loans and term loans to cater to the different financial needs of women entrepreneurs.

Yes, there is a processing fee of 0.50% of the loan amount charged for loans under the Dena Shakti Scheme.

The required documents include identity proof (PAN Card, Aadhaar Card, Driving License, Voter ID Card), address proof (Aadhaar Card, Valid Passport, Utility bill, Property tax bill), bank account details, and a passport-sized photograph of the applicant.

To apply for the Dena Shakti Scheme, applicants need to approach the nearest Dena Bank branch, obtain the application form, and fill it out in the prescribed format. They must also submit the required supporting documents along with the application form.