Loan to Women Entrepreneur for setting up Service unit
Operated by
Ministry of Finance,
Government of India - Dept. of Financial Services
Purpose
To support the women entrepreneurs to start their own enterprise and become self sufficient
Probable duration
-
Eligibility
- Women entrepreneur, above 18 years of age
- Loans under the scheme is available only for greenfield project. green field signifies, in this context, the first time venture of the beneficiary in the service sector
- in case of non-individual enterprises , 51% of the shareholding and controlling stake should be held by women entrepreneur
- The company must be a registered LLP, Partnership or individual entity
- The age of the company must not exceed 5 years
- The product must be related to commercialisation
- Annual turnover must be less or equal to 25 crores
- Certification from DIPP
Benefit Description
Stand-up india scheme | Loan to women entrepreneur for setting up service unit
Application process
Other Details
Conditions if Any
- The loan is repayable in 7 years with a maximum moratorium period of 18 months
- The rate of interest would be lowest applicable rate of the bank for that category (rating category) not to exceed (base rate MCLR + 3% tenor premium)
More Information