be a time when the ideas and innovations of Indian

  

There used to be a time when the ideas and innovations of Indian women were suppressed because of financial and social barriers. They did not have the means find to transform their ideas and innovations into reality, which stalled the growth of women entrepreneurship for a long time. We all know that all freedom begins with financial independence, the women-specific credit schemes have put them on that path.
According to the current survey report the sixth economic census revealed that 14% of Indian entrepreneurs are women. This means out of close to 58.5 million entrepreneurs, 8.05 million are women. Hence, availing business loan for women for starting new business is beneficial in many ways. There are various schemes and offers provided by the financial institutions for the women who apply house for the business loan. Listed below are some of the benefits of business loans that women can take advantage of. Have a look on the list:

7 Benefits of Business Loan for Women:

·        Higher loan capital

A business loan allows you to access capital of up to Rs.50,00,000* to take care of your goals, both personal and profe business ssional. The lending limit varies from creditor to creditor. Stree Shakti Package is a scheme run by SBI that provides women entrepreneurs with a concession of 0.05% on loans exceeding two lakhs and up to five lakhs without any security, and more than five lakhs with security. To be eligible for this, the woman entrepreneur should own more than 50% of the business and enrolled in the Entrepreneurship Development 

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