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Read about the various loan options available for women in India. Visit Rubique for great deals on various retail and business loans, and wide range of credit card options.
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Loans for Women Rubique
Only 26% of women in India have bank accounts. Even in modern times, women find it difficult to get loans on their own. They still require the support of a male family member to procure loans. Though 40% of entrepreneurs being women, sometimes funding facilities for women are hidden, depriving them the Business Loan opportunities. Evidently, the fate of rural women is worse.
Do Your Homework Before Applying For a Loan To be aware of the various schemes that various banks offer, a comparative study on Rubique is highly recommended, before you make a decision. When applying for a loan, it is of immense importance to understand all clauses and financial score at which you will stand after taking up the loan and the business.
Offer a Realistic Business Projection • You will need a business report made by an expert or a chartered accountant to • project business factsand figures • investment • revenue and working overheads • break-even point. • For sanctioning the loan, the bank needs to be convinced that you will be able to run the business.
Find Your Peers NGOs, Microfinance institutions and self-help groups help women to connect with other women entrepreneurs and they act as an informal advisory council.
Bharatiya Mahila Group (BMB) Launched in 2013, this 'women only' bank is just the beginning, opening doors for many such. So, the BMB provides collateral-free loans for amounts up to ₹ 1 crore, which will instead be covered under the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE).
Businesses that are likely to be funded under the Woman Loan Scheme are: • Tailoring • Boutique • STD Booths • Agencies of Telecom Services Providers • setting up Beauty Parlor • Cyber café • Crèche and Kindergarten school
Get the Best Deal Trust Rubique for special loans. Be well informed through them and get the best and authentic information for your financial requirements. Once you know what exactly suits your need, getting a loan becomes just a matter of Click > Compare >Choose.