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In India, starting your own business has always been viewed with a slanted eye. This makes fewer and fewer people opt for it. To top it all, seeing a woman start one, has become the rarest of the rare phenomena. However, the welfare authorities always have baits in the form of schemes that make people start a business or venture into a start-up. And guess what, some schemes have been rolled out for women entrepreneurs too at lucrative rates. Wish to know more about these?
Bhumi Finance is happy to help. Here are five fantastical best business loan in Varanasi for women entrepreneurs:

Pradhan Mantri Mudra Yojana (PMMY)
Launched in 2015, the MUDRA loan under the Pradhan Mantri Mudra Yojana (PMMY) is a loan scheme offered by banks for individuals, startups, and business owners, as well as for women entrepreneurs across India. Under this scheme, loan amount up to 10 lakh INR is offered to women who want to start their own business or to expand the existing one. The loan amount is offered under three categories named Shishu, Kishor, and Tarun. Some salient features of this loan scheme are:
It provides lucrative interest rates for rural as well as urban women entrepreneurs.
No collateral or security is required by banks or NBFCs.
Both Term loans and overdrafts are extended here under three different categories - Shishu, Kishor, and Tarun.
The loan amount has no minimum limit and can go maximum up to 10 lakh INR.
The repayment tenure can go up to 5 years.
The processing fee is between 0% and 0.50% of the sanctioned loan amount.
 To know more, you can reach out to the business loan agents in Varanasi.

Cent Kalyani scheme extended by the Central Bank of India
Central Bank of India offers business and startup loans for women entrepreneurs who are looking to open a new business or want to expand or alter their current one. This scheme is extended to meet day-to-day requirements, such as the purchase of plant, the machinery/equipment, etc., and working capital expenditure. Its salient features are:
The interest rate is between 7.75% to 8.00%.
Term Loan fund-based working capital facility. Overdraft or cash credit is extended by this scheme in a non-fund-based working capita. The letter of credit or the letter of guarantee, etc. is also given.
The loan amount can go up to 100 lakh INR.
There is no processing fee.
A CGTMSE coverage is available.
No collateral or security or third-party guarantee is required since it is already covered under the guarantee cover of the CGTMSE.
Comprehensive insurance of stock, machinery/equipment, etc with bank clause exists here.
Women entrepreneurs who are rendering services to rural and cottage industries, MSMEs, and women working in the farming, retailing, and government-backed firms can avail business loan
This scheme has been in effect from the 10th day of August, 2022 with the bank’s 1-year MCLR standing at 7.50%.

Shakti Scheme extended by the Bank of Baroda (BOB)
The Shakti Scheme from Dena Bank (also the Bank of Baroda) supports women entrepreneurs active in a wide range of sectors including agriculture and allied activities, retail trade, microcredit, education, housing as well as enterprises in direct/indirect finance, manufacturing, and services sectors. The maximum ceiling on the loans being offered differs on the basis of the sector in which the enterprise operates. Loan is offered with no processing fee and a rebate of 0.50% on loans up to 5 lakh INR.

Stand-Up India
Stand Up India is a loan scheme initiated by the government of India to offer credit facilities for setting up Greenfield Enterprise at a loan amount of 10 lakh INR to 1 crore INR. The maximum repayment tenure is up to 7 years with a moratorium period of 18 months.

Self Help Group-Bank Linkage Programme (SBLP) by ICICI Bank
ICICI Bank has recently introduced a collateral-free business loan scheme specially for Self-Help Groups (SHG) with 10 to 20 women members. The maximum loan amount offered under this scheme is 10 lakh INR with a repayment tenure of up to 3 years. To know more, you can reach out to the business loan agents in Varanasi.

So, in order to impetus further growth of entrepreneurial initiatives, leading private, and public sector banks, NBFCs have introduced these very business loan schemes for women entrepreneurs. Go ahead and apply for business loan at lowest interest rate at Bhumi Finance, the best business loan providers in Varanasi on their website - https://bhumifinance.com/.