While training, patriarchy and not enough social help from their loved ones can be a couple of grounds for a few ladies, in the most common, not enough economic money is a major roadblock on their entrepreneurial journey.
I ndia is a land of several possibilities, a definite representation of which is based on the startup growth the nation has witnessed within the decade that is recent. A new generation of emerging entrepreneurs has successfully tapped into lesser explored sectors, managed to provide solutions and build the groundwork for successful businesses from food, beauty, travel, sanitation, IT, automobile, entertainment and even innovation.
Yet, barring a couple of names that stick out, ladies keep on being a definite minority into the booming entrepreneurial room.
While fitness, patriarchy and not enough social help from their loved ones could be a few grounds for a few ladies, in most, not enough economic money may be a roadblock that is major their entrepreneurial journey.
So, now we list down eight schemes introduced by finance institutions in India, including nationalised banking institutions, that most females business owners must be conscious of:
1. Annapurna Scheme
The Government of India offers women entrepreneurs in food catering business, loans upto ?50,000 under this scheme. The loaned quantity could possibly be employed for working money demands such as for example buying utensils, cutlery, gasoline connection, ice box, mixer cum grinder, hot instance, utensil stand, tiffin containers, working dining table, water filter etc.
A guarantor is needed to avail the mortgage while the assets associated with the continuing company need to be pledged as security. As soon as sanctioned, it offers become paid back in 36 installments that are monthlywhich equals to a time period of 36 months). Following the loan is sanctioned, the financial institution does not need to pay the EMI for the very first thirty days.