Subsidy for Women Entrepreneurs

Subsidies in India for Women Entrepreneurs

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Subsidies in India for Women Entrepreneurs

Women entrepreneurs are not sufficiently represented among the business community in India. Most women opt for household management after wedding and breadwinning responsibilities are left to the men. In recent days, there has been a shift in this attitude due to urbanization and women empowerment. To boost women owned businesses in India and promote women entrepreneurship, the Government has announced various subsidies in India for Women Entrepreneurs. In this article, we look at some of the popular subsidies in India for women entrepreneurs.

TREAD Subsidy Scheme for Women

Trade Related Entrepreneurship Assistance and Development (TREAD) Scheme for Women is a subsidy in India provided by the Ministry of Micro, Small & Medium Enterprises. Government provides subsidy of up to 30% of the total project cost as appraised by lending institutions which would finance the remaining 70% as loan Assistance to applicant women. Women eligible under this scheme are who have no easy access to credit from banks due to their cumbersome procedures and the inability of poor & usually illiterate/semi-literate women to provide adequate security demanded by banks in the form of collaterals. Further, the request for subsidy under this scheme must be made by a NGO for a number of individual or group(s) women.

Bharatiya Mahila Bank

Bharatiya Mahila Bank is a one of a kind Bank in India formed with a vision of economic empowerment for women. Bharatiya Mahila Bank commenced operations in 2013 and currently has 45 branches across India. Bharatiya Mahila Bank focuses on women entrepreneurship with special attention to economically neglected, deprived, discriminated, underbanked, unbanked, rural and urban women to ensure inclusive and sustainable growth. Some of the popular loans provided by Bharatiya Mahila Bank for Women Entrepreneurs are:

BMB Shringaar – Loan For Beauty Parlour /Saloon/Spa: Collateral free loan of upto 1 crore is provided under the CGTMSE Scheme for setting up of a beauty parlour or saloon or spa. The loan is provided for a term of upto 7 years with an interest rate of 12.25% (Base Rate + 2.00%).

BMB Annapurna – Loan For Food Business: Collateral free loan of upto 1 crore is provided under the CGTMSE Scheme for setting up of a food business. The loan is provided for a term of upto 3 years with an interest rate of 11.75% (Base Rate + 1.50%).

BMB Parvarish – Loan For Day Care Centre: Collateral free loan of upto 1 crore is provided under the CGTMSE Scheme for setting up of child day care center. The loan is provided for a term of upto 5 years with an interest rate of 12.25% (Base Rate + 2.00%).

Mahila Coir Yojana

The Mahila Coir Yojana Subsidy Scheme was promoted to provide self employment to rural women artisans in regions producing coir fibre. Conversion of coir fibre into yarn on motorized ratts in rural households provides scope for large scale employment, improvement in productivity and quality, better working conditions and higher income. The scheme envisages distribution of motorized ratts/ motorized traditional ratts for spinning coir yarn to women artisans. As per the scheme, the Coir Board will provide 75% of the cost of the motorized ratt as one time subsidy provided the other 25% is raised by the beneficiary through voluntary organizations/ financial institutions/ own sources. Not more than one artisan per household would be eligible to receive assistance under the scheme.

Mahila Udayam Nidhi

Mahila Udayam Nidhi is a subsidy scheme for women entrepreneurs from Puducherry Government. Women entrepreneurs setting up a new SSI unit in the service sector in Puducherry State can avail this scheme. As per the scheme, for a project cost of Rs.10 lakhs, seed capital of 25% is provided as a subsidy and the balance 75% would be funded as a Term Loan (65%) and Promoter Contribution (10%). The term loan would have a repayment period of 6 to 8 years including moratorium of 1 to 2 years.

To know more about subsidies for women entrepreneurs in India, visit IndiaFilings.com and talk to a Business Advisor.

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Comments (26)

s.nandhini

Mar 13, 2015 at 9:06 PM

i need loan for transportation business what are needs for this there no other source for whether goverment will help me

Reply

Minakhi

May 31, 2015 at 8:44 PM

I want to start a restaurant at home

Reply

lavanya prabhakar

Jun 01, 2015 at 6:59 PM

I have a desire to start a business .now i hv a planning to start scrap dealing business but i need to know how to get loan.

Reply

Manjula

Jun 17, 2015 at 12:44 PM

I have started the business in this year & have plan to enlarge it for coming year, what is process to take a loan for manufacturing unit. Please help to get the details.

Thanks in advance…

Reply

IndiaFilings

Jun 18, 2015 at 10:12 AM

Dear Sir,

Greetings from IndiaFilings.com, India’s premier online consulting co!!
It is our pleasure to assist you. We think it is better to have a telephonic conversation
With our business adviser, so kindly provide your contact number to guide you better.
Looking forward to work with you in the near future. Have a great day.

Thanks & Regards,

Reply

Deepa

Oct 16, 2015 at 4:21 PM

I have started recruitment consulting services and want to expand to international market. What is the process to get a loan

Reply

Damini mistry

Oct 23, 2015 at 5:20 PM

Hello Sir/mam,
I want to start my on bussiness. From wherei can get government subsidiazed loan.
Plz advize me
Awaiting yr fevrble rply.
Thnx.

Reply

koduri swathi

Nov 19, 2015 at 8:24 PM

Its great know for women…

Reply

sujatha

Jan 27, 2016 at 3:17 PM

I want to start tyloring and cloths business. Is there any subsidy available for my business.

Reply

IndiaFilings

Feb 26, 2016 at 7:27 PM

Hi sujatha, you can discuss this with our Business Advisors. Please contact 04440247777 or email [email protected]

Reply

Mona

Feb 05, 2016 at 12:00 PM

I want to get loan to start for fish farming.hiw much loan I can get n wat are the basic requirements to get loan

Reply

IndiaFilings

Feb 26, 2016 at 6:37 PM

Hi mona, you can discuss this with our Business Advisors. Please contact 04440247777 or email [email protected]

Reply

Sonam

Feb 08, 2016 at 3:05 PM

Is there any ongoing GOI subsidy scheme for female entrepreneur willing to register a textile marketing company in partnership with IIT students ?

Reply

IndiaFilings

Feb 26, 2016 at 5:59 PM

Hi sonam, you can discuss this with our Business Advisors. Please contact 04440247777.

Reply

brijesh

Feb 09, 2016 at 4:35 PM

Hello Maam/Sir,

I just want to seek loan for installing a ro water plant for distribution of drinking water to various shops, offices, events & residences. No registrations has been attained so far. Kindly provide your assistance in knowing kind of loans availed in the above scenario.

Brijesh/Priyanka
8381986982

Reply

IndiaFilings

Feb 26, 2016 at 5:24 PM

Hi brijesh, you can discuss this with our Business Advisors. Please contact 04440247777 or email [email protected]

Reply

Lovy

Mar 07, 2016 at 2:52 AM

Dear Sir/Ma’am,

I live in Lucknow and I am keen to start a business. Kindly help me with the procedure of loan.

Regards,
Lovy.

Reply

Sumesh

Mar 17, 2016 at 12:44 PM

Hi Lovy,
you can discuss this with our Business Advisors. Please contact 04440247777 or email [email protected]

Reply

anita narendra

Mar 15, 2016 at 12:35 PM

i want to start tailoring and retail cloth business, is there any subsidy loan please advice.

Reply

Sumesh

Mar 16, 2016 at 6:35 PM

Hi Anita,
you can discuss this with our Business Advisors. Please contact 04440247777 or email [email protected]

Reply

Pooja Kamal

Apr 04, 2016 at 9:57 PM

I have passed my M Tech and want to start a solar power project pl assist me

Reply

Sumesh

Apr 06, 2016 at 11:37 AM

Hi pooja,
you can discuss this with our Business Advisors. Please contact 04440247777 or email [email protected]

Reply

Mrs. Payal Ganesh Gavhane.

Apr 26, 2016 at 7:11 AM

Hello!,I wants to start my new business,a stationary company.Needs loan and subsidy to start upin India. I have went to msme office, thane in the month of February. But they refused by saying that they don’t have funds. Please help me.

Reply

Sumesh

Apr 26, 2016 at 1:29 PM

Hi Payal,
There is lots of procedures,I think it is better to have a telephonic conversation with our business adviser please call @ 04440247777

Reply

Ridhima

Apr 04, 2017 at 10:09 PM

I had done m.a ( eco) and mba. I want to start my own business .plz suggest me

Reply

Bhagyashree rupareliya

Apr 05, 2017 at 8:26 PM

I want loan to start parlour

Reply

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