Professional Documents
Culture Documents
Entrepreneurs in India
Abstract
Women, like men, are also desirous of contributing their might to the economic
development of their country. Similarly, our women in India would like to play a
key role model. They have already entered other fields like politics, education,
social field, administration, etc. Now they have started entering the business field
where they can also show their importance. Many women have proved
themselves independent and successful entrepreneurs. In order to facilitate and
motivate the growth of entrepreneurship, the central and state governments
have created an elaborate institutional framework in the country.These
institutions offers various schemes beneficial to the women entrepreneurs.This
theoretical paper gives an overview of the various schemes offered by various
institutions.
Introduction
Entrepreneurs play a key role in any economy. These are the people who have the
skills and initiative necessary to take good new ideas to market and make the
right decisions to make the idea profitable.
Schemes
1 .BHARATIYA MAHILA BANK BUSINESS LOAN
Bharatiya Mahila Bank is a public sector bank established in 2013 with a the aim
of creating a platform for woman entrepreneurs to avail loan for working capital
requirement and for expansion of business. Bhartiya Mahila Bank (BMB) is now a
part of State Bank of India (SBI).Loan Amount for Retail Trader and Service
Enterprises is up to Rs. 5,00,00,000 .Loan Amount for Manufacturing Enterprises
is up to Rs. 1,00,00,000.Loan Tenure is up to 7 years.There is no need for
collateral for the loan amount up to Rs. 1,00,00,000
2.MUDRA Yojana
Micro Units Development and Refinance Agency (MUDRA) Loan is scheme under
PMMY or Pradhan Mantri Mudra Yojana is an initiative by the Government of
India that offers loans to individuals and MSMEs with the help of banks and
NBFCs. MUDRA Yojana is offered under 3 loan schemes, named Shishu, Kishor,
and Tarun. Loans offered by banks under the Mudra scheme are collateral-free.
Dena Bank is a public sector bank established with the aim of increasing economic
opportunities for women and paving the way for their economic empowerment.
Dena Shakti Scheme is a loan that can be used to meet working capital needs or
to expand a company. The Bank will offer a discount/refund of 0.25% in the rate
of interest to women beneficiaries.
5.UDYOGINI
Cent Kalyani Scheme is a unique loan scheme from the Central Bank of India. The
objective of this scheme is to encourage Women Entrepreneurs to start new
project or expand or modernise the existing unit. Women from micro and small
enterprises can avail this loan scheme. No collateral security is needed. Under the
Cent Kalyani Scheme, an applicant can avail a loan up to Rs. 100 lakhs.
Mahila Udyam Nidhi (MUN) Scheme is a scheme offered under the Small
Industrial Development Bank of India (SIDBI) to encourage and empower women
entrepreneurs and promote women Entrepreneurship by providing financial
assistance at concessional interest rates. The funding provided by Mahila Udyam
Nidhi Scheme can be used by MSMEs to undertake service, manufacturing and
production-related activities.
Under Mahila Udyam Nidhi Scheme, women entrepreneurs can avail loans up to
Rs. 10 lakh to start their own business or small scale enterprise. The interest rates
offered under this scheme may vary from bank to bank. The funding support can
also be used to upgrade or expand existing projects. The maximum loan
repayment period offered under this scheme is up to 10 years.
Conclusion
Women entrepreneurship can be a great tool to bring about social reforms .
Women getting into areas like entrepreneurship and business governance have
positive influence on the society. While wealth creation is an aspect common and
shared amongst men, women have proven that they can also create and
distribute wealth in society and provide employment like any other entrepreneur.
Women entrepreneurs must participate in events, conferences, workshops and
seminars and actively involve themselves with educational initiatives, to create
the image change. Once a change in the image is achieved in the society, it
becomes easy for women to have a greater influence on the younger generation.
References
Research, 2010.