Startup Business Loan Scheme For Women Entrepreneurs! How To Apply?

Apply For Dena Shakti Scheme 

In the realm of banking initiatives aimed at fostering economic growth and empowerment, Dena Shakti Scheme has changed the whole ball-game for women-entrepreneurs. Designed with a singular vision to propel women towards economic independence, this scheme stands as a testament to the Indian Public Sector bank's commitment to gender equality and financial inclusion.

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What is Dena Shakti Scheme For Women Entrepreneurs?

At its core, the Dena Shakti Scheme seeks to provide a robust platform for women entrepreneurs, enabling them to access crucial financial resources necessary for business establishment, expansion, and sustainability. By offering tailored business loans, Dena Bank (now merged with Bank of Baroda) aims to catalyse a wave of female-led enterprises across various sectors, thereby fuelling economic growth and social development.

Maximum Loan Amount Under Dena Shakti Scheme

Under this pioneering scheme, women entrepreneurs find a supportive financial partner offering loans tailored to meet diverse business needs. Whether in agriculture, manufacturing, retail trade, or small enterprises, aspiring women leaders can access loans of up to Rs. 20 Lakhs, enjoying an interest rate 0.25% below the base rate. Moreover, for retail traders and micro-credit ventures, loans up to Rs. 50,000 are readily available, ensuring inclusivity across all business scales.

Eligibility Criteria for the Dena Shakti Scheme

The eligibility criteria for the Dena Shakti Scheme are deliberately inclusive, empowering any woman entrepreneur with over 50% ownership in a business enterprise to apply. This inclusivity extends further to encompass microcredit ventures, retail traders, and enterprises in agriculture and allied sectors, ensuring that no aspiring entrepreneur is left behind. 

Beyond Financial Support: The Multifaceted Benefits of Dena Shakti Scheme

The benefits of the Dena Shakti Scheme extend beyond mere financial assistance. Women entrepreneurs availing themselves of this scheme enjoy a host of advantages, including a concession of 0.25% in interest rates, flexible repayment tenures of up to 10 years, and the option of a combined working capital and term loan. This multifaceted approach ensures that the scheme adapts to the dynamic needs of women entrepreneurs, empowering them to chart their path to success with confidence.

Unlocking Opportunities: How To Apply For Dena Shakti Scheme?

To apply for the Dena Shakti Scheme, aspiring women entrepreneurs need only follow a straightforward application procedure. Simply visit the nearest Dena Bank branch, obtain the requisite application form, and furnish the necessary documents, including proof of identity, address, and bank account details. With these simple steps, women entrepreneurs can unlock the doors to financial independence and entrepreneurial success.

Empowering Women Led Startup Entreprenuership 

The Dena Shakti Scheme stands as a beacon of empowerment, heralding a new era of economic opportunity for women across India. Through its innovative approach and unwavering commitment to inclusivity, Dena Shakti paves the way for a future where every woman has the opportunity to thrive as a leader and entrepreneur.

Stay tuned with TICE, we will bring to you information about more schemes that can assist you during your startup journey!

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