Union Budget 2025: New Rs 2 crore loan scheme for women & SC/ST entrepreneurs The Union Budget 2025-26, presented by Finance Minister Nirmala Sitharaman, outlines key measures aimed at empowering women, particularly in entrepreneurship. Key initiatives include increased credit.
Union Budget 2025: A Boon for Women & SC/ST Entrepreneurs
The Union Budget 2025-26, unveiled by Finance Minister Nirmala Sitharaman, has introduced a transformative initiative aimed at empowering women and SC/ST entrepreneurs through a new Rs 2 crore loan scheme. This budget is a pivotal step towards fostering inclusive growth and enhancing the entrepreneurial landscape in India.
Key Highlights of the Loan Scheme
The newly launched loan scheme is designed to provide easier access to credit for women and SC/ST entrepreneurs, enabling them to kickstart or expand their businesses. Here are some of the key features:
- Loan Amount: Up to Rs 2 crore, ensuring substantial financial support.
- Subsidized Interest Rates: Competitive rates to reduce the financial burden on borrowers.
- Flexible Repayment Options: Tailored plans to accommodate various business cycles.
- Support Services: Access to mentorship and training programs to enhance entrepreneurial skills.
Empowering Women Entrepreneurs
This initiative is part of the government’s broader strategy to empower women in the workforce. By facilitating easier access to funds, it aims to encourage more women to venture into entrepreneurship, thereby contributing to economic growth and job creation.
Benefits for SC/ST Entrepreneurs
The loan scheme also specifically targets SC/ST entrepreneurs, addressing historical challenges and barriers they face in accessing capital. This initiative is expected to bridge the gap and promote a more diverse business ecosystem.
Conclusion
The Union Budget 2025-26 marks a significant milestone in promoting entrepreneurship among women and marginalized communities. For those looking to take advantage of this new loan scheme, we recommend visiting Looffers.com for the latest updates and offers related to financial services tailored for budding entrepreneurs. With the right support, the future looks promising for women and SC/ST entrepreneurs across India.
