TREAD (Trade Related Entrepreneurship Assistance and Development) scheme
This scheme aims to empower women by providing credit to projects, conducting specific training and counselling, and eliciting information on related needs. The scheme provides for a government grant of upto 30 percent of the total project cost as appraised by lending institutions. These institutions would finance the other 70 percent.
Mahila Udyam Nidhi Scheme
Offered by Small Industries Development Bank of India (SIDBI), this scheme provides financial assistance of up to Rs 10 lakh to set up a new small-scale venture. It also assists with upgrading and modernisation of existing projects. The loans are to be repaid within 10 years, and this includes a five year moratorium period. Further, interest rates on these loans can vary according to market rates.
Mudra Yojana Scheme
This general government scheme for small units is also applicable to women who want to start a small enterprise such as a beauty parlour, tuition center, tailoring unit, etc. It is also useful for a group of women who want to startup together. Loans from Rs 50,000 onwards and upto Rs 50 lakh are sanctioned under this scheme. Collateral and guarantors are required only if the loan amount exceeds Rs 10 lakh. There are three plans under this: Shishu plan (loans upto Rs 50,000 for new businesses), Kishor plan (loans between Rs 50,000 and Rs 5 lakh for well-established enterprises), and Tarun plan (loans between Rs 5 lakh and Rs 10 lakh for business expansion).
This scheme applies to women entrepreneurs who have started a food catering unit. They can avail a loan of up to Rs 50,000 to purchase kitchen equipment such as utensils and water filters. A guarantor is required to secure the loan. After securing the loan, it can be repaid in 36 installments. Further, interest rates under this scheme as per prevailing rates and assets will be taken as collateral by the concerned bank.
Stree Shakti Package For Women Entrepreneurs
It is offered to women who have majority ownership (over 50 percent) in a small business. The women also need to be enrolled in the Entrepreneurship Development Programmes (EDP) organised by their respective state agency. Under the scheme, an interest concession of 0.05 percent can be availed on loans above Rs 2 lakh.
Bhartiya Mahila Business Bank Loan
This scheme involves a loan of upto Rs 20 crore for women business owners of manufacturing enterprises. Under the Credit Guarantee Fund Trust for Micro and Small Enterprises, there is no need for collateral for loans up to Rs 1 crore. The loans under this bank loan scheme are to be repaid in seven years. The scheme was implemented by Bhartiya Mahila Bank which was merged with State Bank of India in 2017.
Dena Shakti Scheme
This scheme provides loans up to Rs 20 lakh for women entrepreneurs in agriculture, manufacturing, micro-credit, retail stores, or similar small enterprises. There is a concession of 0.25 percent on rate of interest. Under the scheme, loans up to Rs 50,000 are offered under the microcredit category.
Women entrepreneurs between the ages of 18 and 45, who are involved in agriculture, retail and similar small businesses, can avail loans up to Rs 1 lakh under this scheme. Further, her family’s annual income should be below Rs 45,000 in order to avail the loan. However, no income limit exists for widowed, destitute or disabled women. For widowed, destitute or disabled women from SC/ST categories, a subsidy of 30 percent of the loan, up to Rs 10,000, is provided.
Cent Kalyani Scheme
Offered by the Central Bank of India, this scheme is for women business owners in multiple areas such as agricultural work or retail trading. Under this scheme, loans up to Rs 1 crore are sanctioned and no collateral or guarantors are required. Interest rates on loans depend on varying market rates.
Deepthi Ravula is an Electronics Engineer by profession and passion. She has 15 years of experience working in USA with Palm, Nokia, Qualcomm among others in RF Communication roles. She joined the Government of Telangana as a Joint Director for Electronics in 2016, and has been appointed as CEO of WE Hub since inception in 2017. She envisions to create a work environment that is gender blind, and construct economic independence as a tool for empowerment. She is a strong proponent of Girls in STE(A)M and Women in decision making spaces.
Vaishnavi Reddy graduated from University of Massachusetts, Dartmouth with a Bachelor of Science in Business Administration with a focus on Finance. She has worked on student disability and inclusion initiatives and is a road trip travel enthusiast. At WE Hub, she is a Program Associate and works on Incubation programming and startup engagement.
Sakuntala Kasragadda holds a Post graduate in Sociology, has 14 years of experience in development sector. She has previously worked with DHAN Foundation, BYST and EY with a focus on women empowerment and livelihood programmes. At WE Hub she works to scale up and strengthen women-led enterprises. She works towards making the women entrepreneur space more inclusive, across socio-economic borders.
Varun Akhnoor has experience in running business incubation centres at premier institutes in Hyderabad and Bangalore and has a legacy of unique start-up ecosystem building initiatives at each institution, aimed at promoting entrepreneurship among students. Having been an entrepreneur himself, he is passionate about creating a start-up ecosystem that is inclusive, and thrives on collaboration.
Sindhu graduated from Jawaharlal Nehru Architecture and Fine Arts university with a Bachelor of Architecture. She is creative and art enthusiast who is fervor about painting. At WE Hub, she is a program associate and performs administrative duties and work force management.
Ravikanth is a post graduate from Tata Institute of Social Sciences, Hyderabad with a Master’s degree in Public Policy and Governance. He has research and field experiences working with women in conflict areas, gender and media, and human rights. At WE Hub, he is working as a Capacity Building Expert for Rural Entrepreneurs from Tier II and III cities.
Tharun graduated from Jawaharlal Nehru Technological University Hyderabad, with a Bachelor of Technology in Electrical and Electronics Engineering. At WE Hub, He is working as GIZ-Program Coordinator; his role is Analysing data and Program Coordination for Tier II and Tier III Women entrepreneurs Incubation and Acceleration Programmes.
Shankar graduated from GITAM University Hyderabad, with a Bachelor of Commerce and has 4 years of experience in EY as operations executive. At We Hub he handles facility day to day activities, event management, vendor relations, overseeing and agreeing contracts and providers for services including security, parking, cleaning, catering and so on