- Funding for women to start small businesses
- The loan is between Rs 10 lakh and Rs 1 crore
- Loan up to 75% of the project outlay
Loans ranging from Rs 10 lakh to Rs 1 crore are available. In order to avail individual ventures or loans, 51 per cent shareholding must be held by women, Scheduled Castes and Scheduled Tribes.
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Loans are available for start-ups in the construction services sector or in the business sector. The borrower should not be in arrears with any bank or financial institution. The repayment period is seven years. The maximum moratorium is 18 months. The interest will depend on the banks. The loan is available up to 75% of the project cost.
Unsecured loans are available to construction service companies. But other companies will have to pledge to get a loan. Loans are available under all scheduled commercial banks.