This Damini loan can also help meet business expenses, manage cash flow, and cover operational requirements. It can be useful in Asset purchase.
| DAMINI (Business Loans for Women Entrepreneurs) Loan Highlights | |
|---|---|
| Interest Rate | 1 % lower Interest rate as compared to other loans in the segment applied for |
| Loan Amount | Rs 3 lakhs to Rs 25 lakhs |
| Tenor | 1 year to 4 years |
| Processing Fee | 2% (0.50 % discount) |
Bank statement of the enterprise and Proprietors / Partners
Udayam Registration Certificate
Shops & Establishment Registration
Electricity Bill of the Business*
Income Tax Return
Pan Card and Aadhar Card of the Proprietors / Partners
GST Returns
* Rent agreement to be provided along with electricity bill if business premises is rented premises
Damini Business Loans for Women Entrepreneurs is a loan product designed specifically for women entrepreneurs in India.It provides financial assistance to women entrepreneurs to start, expand, or manage their business.
Women entrepreneurs in India who are aged between 21 and 65 years and have a registered business, either in the form of a sole proprietorship, partnership, or private limited company, are eligible for Damini Business Loans for Women Entrepreneurs.
The loan amount under Damini Business Loans for Women Entrepreneurs can range from INR 3,00,000 to INR 20,00,000, depending on your business needs, financials, and credit worthiness.
You can use the loan amount availed under Damini Business Loans for Women Entrepreneurs for various business purposes, such as working capital, purchasing inventory, buying equipment or machinery, expanding your business, or meeting other business-related expenses.
The interest rates and fees associated with Damini Business Loans for Women Entrepreneurs are competitive and will be communicated to you by Svakarma Finance Private Limited at the time of loan processing.
The documents required to apply for Damini Business Loans for Women Entrepreneurs may include proof of identity, proof of address, business registration certificate, business financials, bank statements, and other relevant documents. The exact documentation requirements will be communicated to you by us during the loan application process.
The repayment tenure for Damini Business Loans for Women Entrepreneurs can range from 12 months to 60 months, depending on the loan amount and your business's financials.
The loan application processing time may vary depending on the completeness of the documentation provided and other factors. Svakarma Finance Private Limited will strive to process your loan application in a timely manner and will keep you updated on the progress.
