Good news – Now government has come up with a new scheme a new way a new plan for women entrepreneurs. Now women entrepreneurs can also avail loan under a new scheme named as “United Mahila Udhyami Yojana“. this scheme is a bank loan scheme from United Bank of India. Main aim under this scheme is to provide loan for women entrepreneurs. This loan scheme will help women entrepreneurs will help women by providing financial assistance on certain terms and conditions.
About United Bank Of India
United Bank of India is a very famous bank of India with having across 400 branched all across in India.This bank details are as follows – this bank is having Rs 54,536 crore of Bank deposit and Rs 35,727 Crore of Gross advances.This bank was nationalized on June 1969, this bank is one of the major 14 banks in the country.
Eligibility Criteria for United Mahila Udhyami Yojana
Under United Mahila Udhyami Yojana women entrepreneurs will get loan for the business. Under this scheme the women can take the loan up to Rs.10 lakh for the time period of 3-5 years.
Eligibility for Mahila Udhyami Yojana
Check the eligibility criteria of Mahila Udhyami Yojana.
- Women entrepreneur(s)/ enterprise (where women entrepreneurs hold not less than 50 % of financial holding) involved in production and manufacturing process like artisans, craftsman, weavers, potter, carpenter etc.
- Women entrepreneur/enterprise (where women entrepreneurs hold not less than 50 % of financial holding) to set up new unit or for modernization/expansion/renovation of existing for providing various services.
Details of Loan under Mahila Udhyami Yojana
Here are the details of loan under Mahila Udhyami Yojana.
- Limit upto Rs. 25,000/- : Nil
- Limit above Rs. 25,000 and upto Rs.5.00 lakh : 10%
- Loan aboue Rs. 5.00 lakh : 15%
Note that – Micro enterprise under Priority Sector (investment in plant and machinery should not exceed Rs. 25 lakh) in case of production and manufacturing activity and investment in equipment should not exceed Rs.10.00 lakh in case of service activity as per MSMED Act 2006.