Government Schemes and Benefits for Women Entrepreneur

Women Entrepreneurs are highly increasing in almost all countries. The women entrepreneurs are perceived as an important source of economic growth of our country. The social, religious, cultural beliefs were the underlying factors for the emerging entrepreneurs.


Introduction
Woman entrepreneurs are confident, innovative and creative and are capable of achieving financial freedom on their own or in collaboration generating employment opportunities for others through initiating, establishing and running the enterprise by keeping pace with her personal, family and social life.
We could see women as a doctor, advocate, engineer, professor, government officials in the departments, revenue, police, education, etc., women entrepreneur should more competitive and efficient in the local and internal. Governments provided a various schemes for women startups [1][2][3][4][5]. Now-a-days women enter not only in selected professions but also in professions like trade, industry and engineering. Women are also willing to take up business and contribute to the Nation's growth. Their role is also being recognized and steps are being taken into account to promote women entrepreneurship. Women entrepreneurship is the process where women organize all the factors of production, undertake risks, and provide employment to others. Women prefer to work from their own residence, difficulty in getting suitable jobs and desire for social recognition motivate them towards self-employment.

Methodology
The paper is a descriptive study in nature. The secondary data have been collected from published books, articles published in different journals, periodicals, conference paper, working paper and websites.

Objectives of study
 To know the various loan schemes for women entrepreneur in India.  To understand the benefits of women entrepreneurs  To analyze the problems faced by the women entrepreneurs

Women Entrepreneur Loan Schemes in India
Women entrepreneurs contribute a greater extent 21% generally of economic growth in Indian industry. They create new openings, for themselves and others. And they also provide suggestion and solutions to the management, organization and business problems [1][2][3]. The efforts of government and its different agencies are supplemented by NGOs and its associations they are playing an equally important role in facilitating women empowerment. Here in this article, we intend to explore different women entrepreneur loan schemes in India.
A recent Global Entrepreneurialism Report conducted by international Bank BNP Paribas has ranked India on top of the highest percentage of women entrepreneurs. The survey found that 49% of the entrepreneurs in India are women [6,7].
Technological innovation enabled female entrepreneurs to grow their businesses faster in exponentially growing industries. With the advent of innovations like wireless internet, cloud technologies, and intelligent mobile devices, entrepreneurs could work flexibly and collaborate seamlessly. In India, there are certain women entrepreneur loan schemes that are designed to support only female entrepreneurs.

Stree Shakthi Package
The Stree Shakthi Package is applicable for entrepreneurs who run small businesses and have 50% of firm ownership. Women entrepreneurs who have pursued Entrepreneurship Development Programs (EDP) organized by state level agencies are only eligible for this loan.

Annapurna
The Annapurna Scheme is applicable for women entrepreneurs running an individual business or partnership firms. The main motive of this scheme is to provide financial aid to female business owners for establishing food catering unit. women need a guarantor for securing this type of loan. The interest rate for these loans is applicable as per the prevailing rates. For securing this loan, women need to submit assets as collateral to the bank.

Cent Kalyani
This scheme is provided by Central Bank of India for the benefit of female entrepreneurs. Under this scheme, a women entrepreneur can get adequate financial assistance for starting a new venture. Cent Kalyani provides loans to new as well as experienced business owners, professionals and self-employed. Besides, these business loans for women can also be availed by retail traders, small-scale industry owners and women entrepreneurs engaged in agricultural and allied activities as well as in village and cottage industries.

Dena Shakti
Dena Shakti Scheme under the Dena Bank has promoted female women-owned businesses by providing various financial services to them. You can avail loans under this scheme at a concession of 0.25% on the interest rate. This scheme provides business loans for women engaged in the manufacturing sector as well as agriculture and allied activities. Besides, business owners running small enterprises, micro-credit or retail stores can also avail this loan.

SIDBI Mahila Udyam Nidhi
Mahila Udyam Nidhi Scheme (MUN) under Small Industries Development Bank of India provides financial assistance up to Rs. 10 lakhs to female entrepreneurs for setting up the new industrial venture in small scale sector.

Udyogini
This scheme is offered by Punjab and Sind Bank so as to provide women entrepreneurs involved in Agriculture, retail and small business enterprises to get loans for business at flexible terms and concessional interest rates.