To support women entrepreneurs in India, the Government of India has launched various financial support programs. These programs are kind of business loans for women which actually help the “women power” to grow in their businesses. Granting easy financial supports to women entrepreneurs is a way to support gender equality and strengthen economic development of the country. Thus, it is very important to know them in order to make use of them in best possible way.

So, here we are listing down few of the most popular government financial aids that are available for women entrepreneurs in India.

Take a look:

• Bhartiya Mahila Bank

As the name itself explains, this institution has been especially set up to support those underprivileged women who want to start up their own venture. With a loan limit of 20 crores, this scheme has various terms and conditions which can even grant collateral free loan. This bank surely gives helping hands to budding women entrepreneurs.

• Annapurna Scheme

Offered by State Bank of Mysore and Bhartiya Mahila bank, under this scheme loan is sanctioned to those bussing women entrepreneurs who want to start their business in food catering line. But with a limit of sanctioning only 50,000 Rs this loan can only be taken to fulfill working capital needs only.

• Udyogini Scheme

The best feature of this scheme is that they offer loan at flexible terms and with concessional interest rates. However, the loan can only be sanctioned to women who fall in age bracket of 18 to 45 years only.

• Mahila Udyam Nidhi Scheme

Known to grant soft loans that can paid back within 10 years, this scheme was launched by Punjab national Bank to support those women entrepreneurs who want to project their business in small scale sector category. With a limit of sanctioning money upto 10 Lakhs, the interest rates depend upon market rates.

• Cent Kalyani Scheme

The best feature of this scheme is that it does not ask for collateral, guarantor and have zero processing fees while granting loans. Available for both new start ups and for those who want to expand their business, these loans are given away to women entrepreneurs who are involved in SMEs, agricultural work and retail trading.

So, if you too are looking out to start up your own venture then before you think to apply for business loan, try out above mentioned options.