Capri Global Capital has introduced the Women Power SME loan (UDAAN) to provide micro-finance loans to women entrepreneurs and bridge the gender gap in access to credit. The loan eligibility requires that the business be run or co-run by a woman applicant between the ages of 18-45. Capri Global aims to encourage women borrowers by offering EMIs waivers for maintaining an excellent repayment track record over the loan tenure. By expanding access to financial services for women-owned businesses, Capri Global hopes to increase women's participation in the economy and empower them economically.

1. Seeds of Change- Small Seeds. Big Impact
Women are… Women are sisters, mothers, wives, teachers, caretakers and the list goes on and on.
But women, are more than the roles they fulfil. They are ambitious, determined, hardworking
individuals, who deserve the opportunity to make their dreams come true. And we’re here to give it
to them!
The Power of Parity report by McKinsey Global Institute highlights that gender equality would make a
larger economic impact in India than in any other region. If we put a number to it, this would translate
to a 60% increase in GDP, amounting to approximately $2.9 trillion by 2025. However, this potential
can only be reached if the existing economic and social gender gaps are bridged.
While social gaps are slightly tricky, they aren’t impossible. It involves a change in the mindsets that
people have grown to accept. The gender roles that women have assumed over time will take time to
overcome, but the financial aspects might just be a little easier.
The existing credit gap in women-owned MSMEs stands at a gargantuan $20.16 billion, despite their
proven credibility with regards to the risk involved and regularity of repayment. It’s alarming that 107
million women remain unbanked, with another 170 million that have bank accounts with an inactivity
rate of 52%. Today, a number of financial service providers that deliver instruments designed to bridge
this gap between the financial support needed and supplied through credit.
At Capri Global, we don’t look at women-entrepreneurs any differently than we see men. However,
we acknowledge the disparity and hope to play a small part in bringing about gender equality. We
believe that women can and will become socially and economically independent if given the
opportunity. Our research identified the non-availability of micro-finance as the primary factor that
holds ambitious women back. Women with dreams of doing more, becoming someone, working for
herself, and creating a better future for her family with her acumen and strengths.
With women-owned enterprises accounting for 10.24% of employment, positive interventions in the
MSME sector can help increase women’s participation in the national and global economy. Our focus
on this sector is aligned with our global vision of becoming the engine for the
economic empowerment of women. 43% of our customers are women which proves that we mean
business. Through the course of the last year alone, we partnered with 30,000 women for home and
business loans. Drawing from these insights and our understanding, we have introduced Women
Power SME loan (UDAAN), a women-centric product that delivers MSME loans for women.
What are the eligibility criteria?
There are a few stipulated conditions that determine your eligibility:
 Where the primary MSME loan applicant is a woman entrepreneur
 The business/enterprise against which the loan is availed must be run or co-run by the woman
borrower
 Women that fall in the age bracket of 18-45 years, with the maturity of the loan lapsing before
they turn 60
 The applicant must have played an active role in the business for more than 12 months with
documented proof of the same
The tenure of the loan can range between 10-15 years.

2. In addition to granting access to credit, CGCL also delivers certain exclusive benefits under this
scheme. To encourage women to take and repay loans regularly, CGCL will be providing EMI waivers
at different stages-
On maintaining an excellent track record (ETR) for the entire loan tenure, the borrower will be
rewarded with 10 EMI waivers at no extra cost, with:
 3 EMIs waived off at the end of the 3rd year of regular payment of EMIs
 5 EMIs waived at the end of the 5th year of regular payment if EMIs
 10 EMIs waived off at the end of the 10th year of regular payment of EMIs
According to Rajesh Sharma, MD of Capri Global Capital. Ltd, “Keeping women outside the purview of
financial inclusion can not only stymie economic activity but also prevent the fruits of economic gain
reaching the deeper reaches of the society. Without access to formal credit, women will continue to
remain confined within the four walls of her house and be deprived of a standing in the community.
Needless to say, seeding enterprises or independently supporting her family will also prove to be a
herculean task for her, should financial instruments not be made available to women.”
Today, Capri Global is entirely invested in the belief that women have the potential to become major
drivers of economic growth. By integrating women into both workplaces and marketplaces, we believe
that the world can reap the Gender Dividend.