We keep on talking on Women
Empowerment initiatives to create a hype in our thought process, but logically
not making them avail existing easy funding mechanism to fulfil their dream of
getting really empowered. In USA 41.8% of all businesses are owned by women,
alongwith 46.8% female labour force participation. Irrespective of all these
schemes by Indian government, women comprise only 14% of the total entrepreneurs
in India, with only 9.32% female labour force participation. We are hereunder
summarising few of Government and Banking schemes to provide venture funding
for women. Bring this awareness to make Nari Shakti on entrepreneurial platforms:
(1). Women Entrepreneurship
Platform (WEP):
Mentorship, network, funding,
skill training, Incubation, and acceleration program offered by NITI Ayog for
women to support in their entrepreneurship journey.
Upasana Taku(MobiKwik) received
support from WEP, their current valuation is ~₹5700 Cr.
Kavita Shukla(FRESHGLOW Co)
received support from WEP, now has customers in over 35 countries.
Shradha Sharma(YourStory)
received support from WEP, is one of the leading media platforms for
entrepreneurs.
Radhika Aggarwal(ShopClues)
received support from WEP, their current valuation is ~₹1,000 Cr.
(2). Mahila Udyam Nidhi Yojana
MUNY Offers loans upto 10 lakh to
be repaid in 10 years for supporting women entrepreneurs to set up a new MSME /
SME scale venture. It is offered by Punjab National Bank and Small Industries
Development Bank of India (SIDBI) and the rate of interest better than prevailing
in the market.
(3). Bharathiya Mahila Bank Business
Loan
This scheme offer loans up to ₹20
crores to female entrepreneurs looking to start a manufacturing business. Ease of
collateral free loan upto certain amount is big attraction of this scheme. The
Bharatiya Mahila Bank merged with the State Bank of India, the loan programme
is still active.
(4). Dena Shakti Scheme
Offers loans upto ₹20 lakhs at an
interest rate 0.25% below the base rate for building a business in sectors like
Partnership firm, business, Retail stores, Manufacturing sector, Microcredit
organisations, Housing, Education, etc.
(5). Stree Shakti Yojana
Offers loans upto 20 lakh for
industrial sectors such as housing, retail, and education. Also allows women to
avail of an interest concession of 0.05% on loans more than Rs. 2 lakh.
(6). Stand-Up India Scheme
This initiative offers composite
loans between 10 lakh and upto 1 Crore to women in SC/ST categories.
Kanika Tekriwal started JetSetGo
with this initiative, their current valuation is ~₹100 Cr.
Rashmi Daga started FreshMenu
with this initiative, their current valuation is ~₹210 Cr.
(7). Mudra Yojana Scheme
MYS offers loans of ₹50,000 to
₹10 lakh and ideal for setting up beauty salons, starting a small shop,
home-based business, or starting your dream company.
Shanti Mohan started LetsVenture
with this initiative, their current valuation is ~₹270 Cr.
Ananya Jain started Chai Break
with this initiative, their current valuation is ~₹50 Cr.
Dream of Indian government of USD
10 Trillion$ economy in the next 10 years can happen true only if women contribute
desired portion of per capital income with men. Wish all these initiatives
bring women on a new horizon, with ease of funding and strengthen your
entrepreneurial dreams to come true, and wish good luck to all the incredible
women, who are making this world a better place to live.
Birla WP Management Co.
read my blogs : www.YogeshBirlaCA.Blogspot.com
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