Mudra Yojana Scheme for Women | High Loan Amount | Instant Approval
Pradhan Mantri Mudra Yojana for women scheme provides targeted assistance to women engaged in non-corporate, non-farming, small and micro enterprises. Under this scheme, women entrepreneurs can get a loan of up to ₹10 Lakhs from Commercial Banks, NBFCs, Small Finance Banks, RRBs, and MFIs.
To promote lending to women-led MSMEs, the scheme extends a reduction of 25 basis points in the interest rate to NBFCs and MFIs that offer loans to women.
The fact that around 65% of the beneficiaries till October 2023 are women reflects the scheme’s success in empowering them. The total number of women beneficiaries of the Mudra loan amounts to approximately 3.5 Crores.
Women indulged in the following sectors or activities enjoy a special preference from banks under the Mudra scheme:
Women weavers and ancillary workers involved in weaving activities
Women involved in textile industries
Women belonging to Scheduled Caste and Scheduled Tribe communities
Women seeking loans to purchase transport vehicles, like auto rickshaws, three-wheelers, taxis, etc.
Women lending to purchase tractors/tractor trolleys/power tillers
Women involved in community, social, and personal service businesses, like salons, beauty parlours, boutiques, tailoring shops, etc.
Women entrepreneurs belonging to business activities allied with agriculture
Women business owners involved in food products sectors
The Mudra scheme allows women entrepreneurs to secure affordable loans of up to ₹10 Lakhs. By leveraging this credit facility, they can expand their business opportunities, empower themselves, create jobs, foster economic growth, and experience financial independence.
Yes, Mudra extends a reduction of 25 basis points in interest rate for institutions providing loans to women entrepreneurs.
Yes, individual women borrowers can get loans under the Mudra scheme, provided they meet the eligibility criteria.
The Mudra scheme has no minimum loan amount. However, the maximum loan amount is ₹10 Lakhs.