The Central Government and several local governments in India have made it their goal to simplify the process of accessing funds and resources for women entrepreneurs. This article will present some of the excellent schemes that help women entrepreneurs to get the required assistance. :- www.deekpay.com

Women are a powerful combination of competence, compassion and resilience. Governments at all levels have been creating and implementing promising programmes for women entrepreneurs.

Before we dive into these women entrepreneur programmes, let's take a look at some interesting statistics.

India's richest men have assets valued at around $88.7 billion, which is indeed a huge gap. There are only three women in Forbes magazine's list of "India's Richest People". Now, let's look at the challenges faced by women entrepreneurs in India. The following information is not exhaustive and there are many more hurdles that they face.

1. Challenges of being a female entrepreneur

Lack of women's own property and access to finance

Most property passes to sons, which means that women rarely have the assets needed to apply for large loans. Although the relevant laws have changed in recent years, this remains a limiting factor.

The financial industry is heavily biased against the credit worthiness of women. However, it remains questionable how such conclusions were reached.

educate

Although the situation is improving, traditionally, families have placed less emphasis on female education. While this does not tie women's hands, it can be a limiting factor in terms of access to knowledge and information.

In addition, it is still difficult for parents to accept young women's autonomy in choosing what and where to study.

Financial problems can be solved by some ambitious government programmes.

2. Government initiatives and programmes for women entrepreneurs

Annapurna Programme

If you are planning to start a small-scale food catering service, the scheme offers a loan of up to Rs. 50,000 While this is not a huge amount of money, it is a good starting point for you to buy some much-needed equipment.

Bharatiya Women's Bank Business Loans

This scheme provides more funds. The bank plans to provide loans of up to Rs 200 million to women.

This is ideal for women who are involved in large enterprises or looking to scale up their business. This programme helps small entrepreneurs to start businesses for women.

Mudra Programme

This is a central government loan scheme with a ceiling of Rs 10 lakh. The loan is deposited in the individual's Mudra account and a Mudra card is provided allowing the borrower to withdraw 101 TP3T at a time.

Oriente Women's Development Programme

If a woman or a group of women owns 511 TP3T or more in a business, they are eligible to apply for this scheme. The total loan offered is Rs 25 lakh and the interest rate is just 21 TP3 T. While the scheme allows the entrepreneur to repay the debt over a period of seven years, no collateral is required. This is ideal for women who are looking to scale up their business.

The Dana Power Project.

This is a scheme for women entrepreneurs who are engaged in agriculture, manufacturing, retailing or have a small business or micro credit organisation. The loan limit is Rs. 2 lakhs and can help boost business.

Prime Minister's Employment Programme

This is the ideal loan to help aspiring entrepreneurs upgrade or acquire skills and encourage self-employment. The loan is available for all sectors and offers business loans of up to Rs. 2 lakhs. Women in the service sector or industry can apply for a loan of up to Rs 5 lakh.

Central Kalyani Programme

This is a programme for women who wish to start a business or expand their existing business. The scheme offers loans up to Rs 1 lakh. No collateral is required for the loan and no processing fee is charged. Eligibility criteria, those involved in retail, education, training and self-help groups cannot apply.

Women Enterprise Fund Scheme

This loan is designed to help small and medium enterprises and small industries. It helps to save small industries that are on the verge of closure or have already closed down but can be revived with some financial infusion. The loan limit is only Rs. 10 lakhs. However, the repayment period is ten years.

reach a verdict

There are many other programmes for women entrepreneurs and state-specific entrepreneurship policies for women. The main problem is the lack of transparency. This means that although these programmes exist, they do not necessarily fully empower women entrepreneurs.

Many organisations are working to raise awareness and help women access these loans and schemes. Many states are also active in providing these loans and schemes. The State and Central Governments have also laid down guidelines to be followed by banks while enquiring about these loans.

Information is accessible. Ask your bank manager about these plans and ask as many questions as you can to ensure you find the plan that best suits your needs.

India has come a long way and women are increasingly participating in the business world. It is important for people to be aware of these programmes for women entrepreneurs.