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Home-makers are the pillar of every family. There is no denying that women are blessed with the knack of multi-tasking and the way they handle things displays their management skills. 42% of college students in India are women, yet only 34.2% of them opt for employment after graduation. The remaining get caught in the circle of life - marriage, children, family and take up home-making full time.There are many educated housewives out there who have the zest to create something. If encouraged in the right manner, they can undertake a business idea while managing their homes on the side as well. Having specific skill and expertise, any housewife can start a part-time business from her home location. However, this involves proper planning.Starting a business requires capital. Home-makers can arrange for this capital either by utilizing their savings or borrow money. There are plenty of lenders and banks in the market who offer small business loans to budding women entrepreneurs.Here is a list of a few loans - 1. Udyogini Scheme: Offered by the Punjab and Sind Bank, this scheme aims at women entrepreneurs availing small- business loans on low-interest rate and liberal terms to establish small scale industries. 2. Cent Kalyani Scheme: Started by the Central Bank of India, this scheme helps women avail loans to start any new business. The loan is provided to new and well as experienced business women. Additionally, women in the field of agriculture and allied activities can also apply for this loan. 3. Annapurna Scheme: This scheme is for women who are involved in the food catering business. There is a cap of INR 50,000 on the scheme and the repayment can be done in 36 installments. 4. Dena Shakti Scheme: Promoted by Dena Bank, this scheme is aimed at encouraging female-led businesses in the field of manufacturing, agriculture and allied activities. Additionally, women involved in retail and small enterprises can also avail for this loan. 5. Stree Shakti Package: Aimed at women who have 50% ownership in small businesses, the Stree Shakti Package promotes budding women entrepreneurs. The eligibility criterion involves women to complete the Entrepreneurship Development Programme.Today, women are capable of running their own show. With the right resources at their disposal, they can turn the whole world around. Home-makers/Housewives should be encouraged to put their skill to the best use and invest in creative business ideas.
DISCLAIMER
The information contained herein is generic in nature and is meant for educational purposes only. Nothing here is to be construed as an investment or financial or taxation advice nor to be considered as an invitation or solicitation or advertisement for any financial product. Readers are advised to exercise discretion and should seek independent professional advice prior to making any investment decision in relation to any financial product. Aditya Birla Capital Group is not liable for any decision arising out of the use of this information.