What types of business loans are available for women?
- Posted: 24th June, 2025
- Updated: 25th June, 2025
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There are various types of business loans offered by banks, NBFCs, government agencies and other financial institutions specially for women entrepreneurs:
- Small and Medium Enterprise (SME) Loans: Tailored for small and medium enterprises across sectors like trading, manufacturing, services etc. Flexible collateral and eligibility norms
- Secured Loans: Higher loan amounts against hard collateral like property, equipment, etc.
- Unsecured Loans: Working capital finance without specific collateral through government schemes and the private sector
- MUDRA Loans: Under Pradhan Mantri MUDRA Yojana. Loans up to ₹10 lakhs for micro units
- Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) Loans: Collateral-free loans up to ₹5 crores backed by credit guarantee
- Stand-Up India Loans: For SC/ST women and women entrepreneurs in underserved areas
- Annapurna Scheme: Funds working capital needs of women engaged in retail trade/food catering business
- Dena Shakti Scheme: Loans to women entrepreneurs in agriculture and allied activities
- Cent Kalyani Scheme: Microcredit scheme for rural women self-help groups
So, women entrepreneurs have access to varied options based on their business stage, the scale of finance needed, their sector of business, and other factors. Evaluate different programs and pick the one that best suits your requirements.
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