A number of schemes are underway to empower women. One such scheme is the PNB Mahila Udyami Nidhi Yojana which motivates women to start their own business.
Loans are given under this scheme at low interest rate and low terms. A loan of up to 10 lakh rupees can be taken from this. This loan can be used to start a new business as well as to grow an already existing business.
The loan taken from this scheme has to be repaid after 5 to 10 years. Only women can apply in this and the beneficiary woman must have 51% ownership in the business.
Source: Krishi Jagran
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