Over the years, India has seen a shift from family-based business to innovations and startups by young budding women entrepreneurs.
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2. Micro Small and Medium Enterprises (MSME) are the
backbones of the Indian economy. Over the past few
decades, the MSME sector has surfaced as a dynamic
and vibrant sector of the Indian economy. These
enterprises provide employment at the rural level at
low capital investment. MSMEs are distinctive from
large industries in a way that it requires less capital
investment; however, it gives an employment
opportunity to a large sum of people. MSME sector is
the second-highest employment provider after the
Agricultural sector of the country. MSMEs have also led
to a growth in the number of women entrepreneurs
OVERVIEW
3. Over the years, India has seen a shift from family-
based business to innovations and startups by young
budding entrepreneurs. Government has launched
several MSME schemes to support new ideas which lack
the capital to start a business. On a good note, over
the past years, India has seen positive growth in the
number of women entrepreneurs. Girl education is being
emphasized on by the government of India, which is
ultimately boosting the confidence of Indian women and
making them more ambitious, self dependent and
shaping them into leading women entrepreneurs.
4. WOMEN
ENTREPRENEURS IN
MSME SECTOR
Under the scheme, women entrepreneurs are
covered under Special Category and are entitled
to 25% and 35% subsidies for the project set up
in urban and rural areas respectively.
AN INTRODUCTION
5. MSME Schemes: Loans Available for Women
Entrepreneurs
Over the past few years, India has seen a growth in the
number of Indian women pursuing a career as an
entrepreneur. In present times Indian women are
educated, smart, talented, ambitious and are coming
out in large numbers to start up their business
ventures. Government is playing its part in empowering
women and in promoting more women entrepreneurs.
6. MSME Schemes: Loans Available for Women
Entrepreneurs
Various banks and institutions provide financial support
to aspiring women entrepreneurs in the form of loans,
schemes, etc. Aditi Gupta founder of Menstrupedia,
Chitra Gurani Daga, co-founder of Thrillophilia are some
of the leading women entrepreneurs of the country.
MSMEs have led to women empowerment on a global
platform. Indian Government has been making
continuous efforts in transforming the roles of Indian
women outside the four walls of their home.
7. MSMEs create a majority of new jobs and help in the economic
progress of the country. Women are also taking equal part in
entrepreneurship ventures. Although the number of women
business owners is substantially less the male entrepreneurs in
India, still Indian has shown some improvement in the growth
of women entrepreneurs. To strengthen women empowerment
in the business sphere, both Central and State Government
have launched a financial constituent to uplift women
entrepreneurship in India.
MSME SCHEMES AND LOANS
AVAILABLE FOR WOMEN
ENTREPRENEURS
8. MSME Schemes For
Empowering Women
Entrepreneurs
TRADE-RELATED ENTREPRENEURSHIP
ASSISTANCE AND DEVELOPMENT (TREAD)
MSME Schemes: Loans Available for Women
Entrepreneurs
9. MSME Schemes: Loans Available for Women
Entrepreneurs
Women have been among the oppressed section of
our country in many spheres of life. The
government launched a scheme titled Trade
Related Entrepreneurship Assistance and
Development (TREAD) which aims at economic
empowerment of women. As per this scheme,
government grants up to 30% of the total project
cost as decided by the lending institutions which
finance the rest 70% as a loan to the applicant
women.
10. MSME Schemes: Loans Available for Women
Entrepreneurs
Women those who are illiterate, poor and are not
able to provide adequate security as demanded by
the bank, government grant and the loan provided
the lending institutions is routed through NGOs
engaged in helping poor women. The government
also grants up to Rs 1 lakh per program to training
institutions and NGOs for giving training to women
entrepreneurs.
11. Mahila Coir Yojna
This scheme launched by the government is a women-oriented
employment scheme in the coir industry, to provide employment
opportunities to rural women artisans. Under this scheme, motorized
rats are distributed for spinning coir yarns to women artisans. Women
spinners are trained for about two months in spinning coir Board. The
spinning coir Board also gives subsidy on traditional motorised rats.
12. Mahila Udyam Nidhi
Scheme
This scheme of Punjab National Bank supports women those who wish
to start a new small-scale venture. Under this scheme, the women
entrepreneurs are assisted for setting up new projects in the small
scale sector. Already existing small scale industrial units undertaking
technology up-gradation can also benefit from the scheme.
13. Mahila Saashaktikaran
Abhiyan
This scheme of Punjab National Bank provides financial assistance to
women those who intend to establish a small and micro-enterprise in
the non- farm sector.
14. Syndicate Bank
To cater to women entrepreneurs Syndicate bank launched a scheme
named Synd Mahila Shakti. This scheme launched by the Syndicate bank
targets both new and current women entrepreneurs. This scheme offers
cash credit to meet the working capital requirement or a loan scheme
up to a time period of ten years. Any business seeking this loan should
have women owning 50% of the financial holding.
15. The women have achieved immense success over the years in
changing the perception of a male-dominated society. In present
times women have the skill, talent and moreover a zeal to create
something new. Women are in no way behind the man and are
excelling in every sphere of their life. In the past few decades,
women are entering the field of entrepreneurship and excelling
in it. Government is offering various schemes to help out women
entrepreneurs in achieving their goals. MSME sector has also
been offering new opportunities to women at the grass root
level.
CONCLUSION