Home » SME-MSME » MSME » Women Entrepreneurs can now avail loan up to Rs 10 lakh in Tamil Nadu (Mahila Udyam Nidhi- MUN Scheme)
hpic4

Women Entrepreneurs can now avail loan up to Rs 10 lakh in Tamil Nadu (Mahila Udyam Nidhi- MUN Scheme)

Tamil Nadu government’s favorable business environment and schemes help entrepreneurs to set up their business in the state. One such scheme is Mahila Udyam Scheme which aims to provide soft loan assistance to women entrepreneurs to set up business or industrial entity in small scale sector as well as undertaking service activities those are eligible to get assistance under SIDBI’s refinance scheme.

Financial Benefits

  • Soft loan up to 25% of the project cost with amount limit of Rs 2.5 lakh per project
  • Project cost for new business is limited to Rs 10 lakh

Security

Third party guarantee is accepted by the banks. However, no collateral is necessarily needed to avail soft loans.

Repayment

Repayment can be done within 10 years of obtaining loans.

Eligibility Criteria

  • Any new project in small or tiny scale sector for manufacturing, processing of goods except Road Transport Operators
  • Existing business entities in tiny or small scale sectors for undergoing modernization, technology upgradation and expansion can avail
  • Sick units in tiny as well as small scale sectors including all service enterprises which potentially are in workable condition
  • Al thoughprojects which are getting financial benefits from any central or state government except for State investment subsidy are not eligible to apply for this scheme

How to avail

Commercial banks like PNB, Canara Bank are giving this loan. Kindly contact your nearest bank for more details on application.

Check Also

PC: Teeltech.com

Cell Phone Service and Maintenance Training Course Scheme: Tamil Nadu

Department of Welfare of Differently Abled Persons is organizing Cell phone Service and Maintenance Training Course ...

  • DURAISIMIRANDA

    pls send the details for proceture for loan applying for business . If any known send my mail id. now im started small idly shop. i want to develope my hotel . hence, pls help me. which bank help to Mr.MODI loan scheme. My account bank INDIAN OVERSEAS BANK -MAHALINGAPURAM, CHENNAI-34.

  • jeyachandra

    pls send the details for proceture for loan applying for business . If any known send my mail id. now im started small shop. i want to develope my shop . hence, pls help me. which bank help to Mr.MODI loan scheme. My account bank state bank ketti the niligiris tamilnadu

  • kalpana

    I want to start the business. .. but i have no proper guide how to start and what is the best way to get gov scheme loan

  • Priya

    Plan to start play school business kindly send me a details

  • Gokila

    Pls send for loan details.bcz am started won business so i want many details.than women small scale business loan details needed for me.