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Startup schemes for women entrepreneurs in India

Startup schemes for women entrepreneurs

Startup schemes for women entrepreneurs in India

Martha Stewart, a world-famous businesswoman, writer, and television personality, has one famous quote: “Build your business success around something that you love — something that is inherently and endlessly interesting to you.” This quote motivates many women and young people to start the businesses that they dream of.

Put your best foot forward, no matter how judged or uncertain you feel. By making such a brave decision, you will benefit both the global economy and your personal development.

Here are some crucial schemes for women entrepreneurs to start a new business.


This loan is provided to women in the food catering industry to establish their small-scale businesses. The loan allows these women entrepreneurs to purchase kitchen essentials, gas connections, raw materials, etc. and has a repayment period of 3 years. The Annapurna scheme offers a loan of up to Rs 50,000. As part of this scheme, women can sell snacks and packed food. This is the most common business that these female entrepreneurs explore and are successful at since it is something that housewives have managed all their lives and are accustomed to. This boosts their sales since they have a chance at better capital and new products to kickstart their business than they could otherwise afford.


The Bharatiya Mahila Bank was inaugurated on November 19, 2013, by Dr Manmohan Singh on the occasion of the 96th birth anniversary of former Prime Minister Indira Gandhi. The bank was set up with the special purpose of helping women gain loans easily to build their working capital or for business expansion. The Bharatiya Mahila Bank is run by women and loans are exclusively lent to women. The establishment of this bank placed it as one among the three countries, including Pakistan and Tanzania, to have a bank for women. They provide loans of up to Rs 20 crores to women who own manufacturing businesses. Special business loans are also available here at good interest rates, while the bank also offers collateral-free loans up to Rs 1 crore under CGTMSE cover.


This scheme facilitates the empowerment of women to start their own business, expand their existing unit, or modernise it. It provides help for capital expenditure (machinery and plant) as well as meeting day-to-day requirements (working capital). The targeted groups are new as well as existing women entrepreneurs for their micro/small enterprises. I.e., involved in manufacturing and service activities such as handlooms, weaving, handicrafts, garment making, and so on. Professional and self-employed women-Doctors, Chartered Accountants or trained in art or craft, etc. Transport operators—three-wheeler or four-wheeler. Retail trade, education and training, and self-help groups are not eligible for the scheme. This loan is collateral-free and has zero processing fees. Businesswomen in the eligible categories can take the loan and expand their business through these schemes for women entrepreneurs. Rs 100 lakhs is the loan limit under this scheme.


The Pradhan Mantri Rozgar Yojana, or PMRY, is a central government initiative that aims to provide self-employment opportunities to educated youth who are unemployed. This scheme, which was launched in 1993, offers an unemployed loan to youth and women. Under this scheme, women entrepreneurs can access the funds needed to start a new business in sectors like service, trade, manufacturing, etc. It is one of the best schemes for women entrepreneurs, both financially and socially. This scheme covers both urban and rural areas and was developed through several amendments in cost, eligibility, and subsidy limits. As a restriction, the loan subsidy amount is limited to 15% of the project cost, with a maximum of Rs. 12,500 per borrower. The age requirement is 35 years. Business loans are restricted to 2 lakhs, whereas service and industrial loans are limited to 5 lakhs.


The government of India, through the Women Development Corporation, has launched the Udyogini scheme for Indian women entrepreneurs. One of the primary concerns of the government is to empower the women of India and make them Aatmanirbhar. The Udyogini scheme is meant to harness women’s entrepreneurship potential by providing customised loans in rural or underdeveloped areas of India. This is only valid for those who have a family income of less than Rs. 40,000 per annum. The main objective of the Udyogini scheme is to enable women to start and sustain their businesses. In helping them financially, the government gives a 30% subsidy on the loans extended to the women entrepreneurs. Women from targeted areas are given the necessary skills and customised business services. The training includes the basics of running a business, such as pricing, costing, and business planning. The Udyogini scheme application form checks the veracity of the beneficiary transparently.

These are some of the top government schemes available to women entrepreneurs that few are aware of. One can use this scheme to turn their dream business into a reality. you can get your business registered or learn more about it by contacting our experts at