Vijaya Bank
Name of the loan : V Mangala
This is a term loan for working women. It helps to purchase consumer items
jewellery two wheelers and cars. The amount of the loan is 3 lakhs (maximum) or
15months of the gross salary. The attraction is that the interest rate is one
percent less to the usual lending rate. The incentives offered are free credit card
facility (no charge for subscription) & an accident death insurance which
cover the loan amount. |
Dena Bank
This bank has special schemes to finance women entrepreneurs. Walk into the bank for assistance.
Some incentives offered are .5% concession
in the interest rate. No processing fee, easy payment options and no penalty for
repayment. The loan amount is up to 5 lakhs women entrepreneurs
who are professionals. The loan is also extended to artists, small and medium
cottage industries run by women |
State Bank of India
Name of the loan : Stree Sakthi Package
This is a special offer of loans to women entrepreneurs. It gives
concessions in promoters margin and rate of interest .The aim of the scheme is to
inspire women to start new ventures. No security is needed for loans up to 5
lakhs for industrial units.
|
Bank of India
Name of the loan : Priyadarshini
This is a facility offered to women to set up small, village and cottage
industries. The loan covers the payment for machiery. There is a one percent cut
in the interest rate for loans above 2 lakhs. |
Canara Bank
Name of the loan :
Can Mahila
This is a loan to meet the financial need of women. It can be used to buy house
hold articles, gold, jewellery computers etc. Women between the age 18 to 55 can
avail this loan. They can be house wife. working or self-employed. The present rate
of interest is11.5percent .For salaried and self employed the loan limit
is 50,000and for non workers with an annual family income it is
25,000 and 50,000 for women with a family income of 1.5lakhs. |
Union Bank of India
Name of the loan : VIKLANG MAHILA VIKAS YOJANA
This is a special scheme for handicapped women for starting their
own vocations. Physically handicapped women are identified and after providing
vocational training according to their aptitude financial assistance of 25,000
is offered to start the new vocation. |
UCO Bank
Name of the loan :
Nari Sakthi
This scheme is to provide financial assistance to salaried women .Concession is
offered on interest and the repayment is in 5years in equated instalments. This is
a modified version of UCO Cash scheme. |
Central Bank of India
Name of the loan :
Cent Kalyani
This is a scheme launched to benefit the women entrepreneurs and to the
requirements of women professionals. |
Orient Bank of Commerce
Name of the loan :
Orient Mahila Vikas Yojana
In this special scheme for the benefit of woman entrepreneurs. The loan amount is
offered between 2 and 10 lakhs with a 2 percent concession in intreest. Loans
above 10lakhs are also offered at 1percent concession. Entreprises consisting of
all units managed by women and have a share of 51 percent are eligible for this
loan. In case of term loans, the repayment period is up to seven years with a
maximum grace period of 12 months depending on the nature of the activity. |
ICICI Bank
Name of the loan : Women's account
This is a scheme formulated by the new generation bank for women. Under the
scheme any women, with any relative having an account in the bank can open an
account without any documentation. |
