MSME Scheme
on Women Entrepreneurship
Women
Entrepreneurship basically extract that women can be a business person, can
also gather resources, bear organizational risks and challenges and most
importantly women can provide employment. Anne Sweeney quoted “Define your
success in your own terms, achieve it by your own rules, and build a life
you’re proud to live”. MSME is the root core of country growth of women
entrepreneurship. In this scheme, an unlimited podium is given to women for
entrepreneurship. On International Day 2018, Udyam Sakhi which is a network for
serving social entrepreneurship launched by MSME to create various business
models with products and services costing very low to solve this social
injustice. With the help of women entrepreneur MSME Scheme, almost 8 million
women have started their own business. Women were provided with learning
entrepreneurship tools, facility of incubation, provided with best mentors,
investors meet, marketing survey facility and assistance for technical issues.
The government of India passed this scheme for women to earn for living by
themselves and gave them equal rights as men. A perfect example for women
empowerment is Rani Abbakka Chowta, the first Tuluva Queen of Ullal. Earlier,
women were discouraged and suppressed in our Indian society. Women were not
allowed to study or even get semi-literate in both rural and urban areas to
make them in house forever. This is the reason why the Indian government
established a scheme “Trade related entrepreneurship assistance and
development”. The infringement of creative idea and solutions is derived from
the India’s MSME ecosystem.
As
the micro sector’s women suffer the most, our government of India published 9
important schemes to financially support women. To know more about these
schemes, read below:
MUDRA YOJNA SCHEME
This
scheme is specially launched for women who are willing to start a small
business/enterprise on their own which includes tuition classes, salon,
tailoring center, jewelry shops and much more. This scheme provides partnership
in business if two women want to do business together. Loans under Mudra Yojna
Scheme start from 50 thousand to 50 lakh. If any loan exceeds 10 lakh, the women
entrepreneurs have to provide with collateral's and guarantors. The 3 plans provided
in this scheme are: Shishu plan, Kishor plan and Tarun plan.
TREAD SCHEME
The
THREAD (tread-related entrepreneurship assistance and development) scheme was
launched by PMEGP for women to provide them with credit facilities, special
training, counseling them and give them more & more knowledge for their
business. The government grants the THREAD Scheme to provide thirtieth of the
whole production cost through lending institutions. And these institutions will
also take care of the rest seventieth of the cost required.
MAHILA UDYAM NIDHI SCHEME
This
scheme offers up to 10 lakh for financial support especially to the small scale
enterprise. In this women get a complete hold on their business by which they
can make various projects, can upgrade their business and create their projects
in a new way. As the interest rate differs from market to market, the deadline
of repayment of loan is within ten years including the 5 year moratorium period.
ANNAPURNA SCHEME
The
women who love cooking can explore their talent through the Annapurna Scheme. A
business can set up easily with any talent or hobby and this scheme is the best
example of such business ideas. Women can borrow loan starting from 50,000 for
their kitchen appliances, loan for business place, etc. MSME Women entrepreneur
newly launched this scheme especially for all married women. The only document
needed is collateral in asset form with a guarantor. The repayment of loan is
expanded for 3 years with a month of grace period before the repayment date.
STREE SHAKTI PACKAGE for WOMEN
ENTREPRENEURS
To
use this scheme, women are required to register the EDP (entrepreneurship
development program) from the State agency nearby. It is compulsory that the
owner should have fiftieth of the shares under her ownership in a small
enterprise. This scheme only charge 0.05% for the loans above 2 lakh.
BHARTIYA MAHILA BUSINESS BANK LOAN
This
scheme’s main purpose is to financially help the underprivileged women. Women
can borrow loan up to 20 Crore and need to pay it in 7 years. Collateral is
required only if the loan is above 1 Crore. The interest rate charged in this
loan is 12.25%.
DENA SHAKTI SCHEME
Women
from rural areas who work in agriculture or retail stores can request for this
scheme to provide loan for their business. Maximum loan that can be borrowed in
this scheme is 50,000; interest charged 0.25% on it. Loans of 20 lakh can only
be borrowed under education, retail and housing category.
CENT KALYANI SCHEME
A
woman who own or manage MSME or any agricultural works is worth to take loan
under this Cent Kalyani Scheme. No collateral is required up to loan of 1 Crore
without charging any interests. The processing fee for the entrepreneur is
totally free.
UDYOGINI SCHEME
Women
in the age group of 18-45 years who works in agriculture or retail sector whose
family income is not more than 45000 can apply for the loan of 1 lakh. This
scheme charges very low rate of interest on business loans. There is no limit
loan purchase for the widows. Women receive thirtieth of subsidy of the loan
and 10,000 with subsidy is granted to them.
Now, women are much stronger than they were
before. With this MSME Women Entrepreneurship scheme, their future blended in a
positive way. It helped all the women to leave the tradition and become modern.
This is the best way to prove that men and women should be judged equally and
both should have harmony for each other. Women now got independence to live
their life in their way. Women entrepreneurs are those who bear risks; seek the
opportunity and make use of it in right place and right time. Instead on
working under someone, women can be the boss of their own enterprise. Our
government of India is ready to take various steps and responsibilities to
promote women entrepreneurs. In the future, we will see women contributing the
most in social economy and transformation.
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