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Attention, Women Entrepreneurs! 8 Govt Schemes You Ought To Know Of

Attention, Women Entrepreneurs! 8 Govt Schemes You Ought To Know Of

While fitness, patriarchy and not enough social help from their loved ones can be a couple of reasons behind a few ladies, in most, not enough monetary capital are a roadblock that is major their entrepreneurial journey.

I ndia is a land of several possibilities, a definite expression of which is based on the startup boom the nation has witnessed into 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 within the booming space that is entrepreneurial.

While training, patriarchy and not enough social help from their loved ones can be a couple of good reasons for a few ladies, in most, not enough monetary money may be a roadblock that is major their entrepreneurial journey.

So, now we list down eight schemes introduced by banking institutions in Asia, including nationalised banking institutions, that all females business owners have to be alert to:

1. Annapurna Scheme

Under this scheme, the us government of Asia provides ladies business owners in food catering company, loans upto ?50,000. The loaned amount could possibly be employed for working money needs such as for example buying utensils, cutlery, fuel connection, ice box, mixer cum grinder, hot situation, utensil stand, tiffin containers, working dining table, water filter etc.

A guarantor is needed to avail the mortgage in addition to assets for the company need to be pledged as collateral. As soon as sanctioned, this has become paid back in 36 equal payments (which equals to a time period of 3 years). Following the loan is sanctioned, the lending company does not need to pay the EMI for the very first thirty days.