Introduction

To address the funding challenges faced by women micro-entrepreneurs, we have introduced Shakti Loans to our product suite. This product is specifically designed for women-led businesses in sectors such as services and job work. Despite their significant contributions to the economy, women-owned micro enterprises often encounter systemic barriers, with limited access to capital being a major constraint. (Source: CRISIL Report) Shakti Loans aim to overcome these challenges, ensuring that adequate funding is available to unlock the growth potential of women-led grassroots businesses.

Features and Benefits
Amount:         Max. loan amount –  INR 200,000
Tenor:             6 months to 24 months

Eligibility
You should be an Indian citizen in the age group of 21- 59 years
Business stability of minimum 2-3 years
Permanence of business location: 2- 3 years depending on the type of business

Fees and Charges
Processing Fees – 2.5% + GST.
Bounce Charges – Rs 500 (inclusive of taxes)
Late Payment Charges – Rs 200 per month (inclusive of taxes)
Foreclosure Charges – As applicable.