What is Mahila Udyam Nidhi Yojana?

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 with the moratorium pages up to 5 years.
Eligibility Criteria
Women entrepreneurs who have initiated existing and new
MSMEs, Tiny Units or SSIs
Financial holding of women entrepreneurs should not be less
than 51%, engaged in manufacturing and production purposes
Existing or new MSMEs engaged only in services, trading and
manufacturing sectors
MSMEs or tiny enterprises with a minimum investment of at
least Rs. 5 lakh
MSMEs engaged in various activities, such as business
expansion, improvement, diversification, and technology
upgradation
Cent Kalyani from Central Bank of India – MSME
Loan Interest rate: 7.40% onwards
Central Bank of India offers business and startup loans
for women entrepreneurs who are looking to open a
new business or want to expand or alter the current
one. Females who are into rural and cottage
industries, MSMEs, entrepreneurs, and women working
in farming, retailing, and government-backed firms can
avail this loan. The purpose of the loan is to meet day-
to-day requirements, such as the purchase of plant &
machinery/equipment, etc., and working capital
expenditure. There are no processing charges
applicable on the loan amount. The
upper limit
of the loan amount that you can avail
under this scheme is up to Rs. 100
Lakh.
2. MUDRA loan for Women Entrepreneurs

Launched in 2015, MUDRA

Yojana under
Pradhan Mantri Mudra Yojana (PMMY) is a
loan scheme offered by banks for individuals, startups,
business owners, as well as for women entrepreneurs
across India. Under this scheme loan amount up to
Rs. 10 lakh is offered to women who want
to start their own business or to expand the
existing one. The loan amount is offered under three
categories named Shishu, Kishor, and Tarun.
3. Shringaar and Annapurna from
Bhartiya Mahila Bank
Bhartiya Mahila Bank offers women
entrepreneurs a wide range of loans to
help them set up new or expand their
existing businesses. Two of the more
popular options in this category include
Shringaar and Annapurna. The Shringaar
loan targets women interested in setting up
beauty parlors and the Annapurna loan
scheme provides financial support to
women interested in establishing a food
catering business for selling lunch packs.
4.
Syndicate Bank’s Synd Mahila
Shakthi targets both new and current
women entrepreneurs. The scheme is
available as either a cash credit to meet
the working capital requirements of new
and existing business units or as a term
loan scheme of up to 10 years. A business
seeking such a loan needs to have one or
more women owning at least 50% of the
financial holding.
5. Shakti Scheme from Bank of Baroda
The Shakti Scheme from Dena
Bank supports women entrepreneurs
active in a wide range of sectors including
agriculture & allied activities, retail trade,
microcredit, education, housing as well as
enterprises in direct/indirect finance,
manufacturing, and service sectors. The
maximum ceiling on the loans being
offered differs on the basis of the sector in
which the enterprise operates. Loan is
offered with no processing fee and a
rebate of 0.5% on loans up to Rs. 5 lakh.