Mahila Udyama Nidhi Loan Scheme

This scheme is meant for extending financial assistance to first generation women entrepreneurs to set up new SSI units. This scheme provides equity type of assistance along with term loan. Existing tiny/ SSI and service units are also eligible for assistance for expansion/ diversification/ modernization costing upto Rs. 10.00 lakhs. The ceiling on project cost is Rs. 10.00 lakhs and the maximum equity assistance is Rs. 2.50 lakhs at 25% of the project cost. The Women entrepreneurs who seek assistance under this scheme should possess managerial and technical skill to run the unit and they shall be the chief promoter of the proposed unit. The equity type of assistance is termed as soft seed capital, which carries interest in 1% p.a. The term loan component carries the normal rate of interest.