"Mahila Udhyamsilta Karja” under Jyoti Sahuliyat Karja has been introduced aligning with the governments’ plan to provide subsidy on interest on different plans to develop entrepreneurship in the country. Mahila Udyamsilta Karja (Women entrepreneurship Loan) has been developed to provide financial assistance and encourage women to be entrepreneurs and start their own entrepreneurial journey. The product aims to be a catalyst to those motivated women who have faith in their skills and knowledge and are determined to bringing change in their lives through their own business venture.
Provide Financial assistance and encourage women to start their own business venture.
Individual woman should be at least 18 years old.
In case of group, their must be minimum of 5 women of age at least 18 years old and they must be from different familie
2. Business Type
New or Existing Business
3. Target Customer
4. Loan Amount
Upto Rs. 15,00,000 or as prescribed by NRB from time to time.
5. Interest Rate: Competitive interest rates. Click here
6. Interest Subsidy
6% interest subsidy
No collateral requirement for loan upto Rs. 15 lakhs
8. Nature of Facility
Non revolving. However, revolving nature loan can be provided in the name of proprietorship or partnership firm if the proprietor or all the partners meet the required eligibility
9. Tenure of Loan
Maximum tenure of the loan is 5 years
10. Repayment Modality
EMI or EQI in case of Term Loan
Monthly or quarterly interest in case of OD facility
Duly filled loan application form of bank
Brief proposal of business operation and utilization of loan.
Photograph and Copy of citizenship of applicant and the guarantors
Copy of Registration of the business.
Partnership deed, if the borrower is partnership firm