While fitness, patriarchy and not enough social help from their loved ones could be a few reasons behind a few females, in most, not enough economic money could be a major roadblock on their entrepreneurial journey.
I ndia is a land of several opportunities, a definite expression of which is based on the startup growth the united states has witnessed into the current decade. 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.
And yet, barring a couple of names that stick out, females remain a distinct minority within the booming entrepreneurial room.
While training, patriarchy and lack of social help from their loved ones might be a couple of good reasons for a few females, in most, not enough economic money could be a major roadblock on their entrepreneurial journey.
So, now we list down eight schemes introduced by financial institutions in Asia, including nationalised banking institutions, that all females entrepreneurs 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 needs such as for example buying utensils, cutlery, gasoline connection, ice box, mixer cum grinder, hot instance, utensil stand, tiffin bins, working dining table, water filter etc.
A guarantor is needed to avail the mortgage additionally the assets associated with the company need to be pledged as security. Once sanctioned, it offers become paid back in 36 installments that are monthlywhich 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 month that is first. The attention price is set based upon the marketplace price together with bank worried.