Both the government and private sectors are working towards developing the Economy by bringing financial assistance to entrepreneurs. One of the major initiatives is the Cent Kalyani Scheme for women entrepreneurs. The scheme aims at helping women establish their own businesses or expand the existing one.
What is Cent Kalyani Scheme? Cent Kalyani Scheme is a unique loan scheme from the Central Bank of India. It aims at financing women’s business dreams and helps them expand their business too. This means, women can apply for this scheme to fund their working Capital, purchasing machinery or equipment or other relevant business needs. Women from micro and small enterprises can avail this loan scheme.
Cent Kalyani Scheme- Loan Amount & Interest Rate Under the Cent Kalyani Scheme, an applicant can avail a loan up to Rs. 100 lakhs along with a margin rate of 20%. The base interest rate is 9.70%. Cent Kalyani Scheme Loan Amount (INR) Interest Rate (%) Rs. 10 lakhs 9.70% + 0.25% = 9.95% Rs. 10 lakhs-100 lakhs 9.70% + 0.50% = 10.20 Purpose of Cent Kalyani Scheme Listed below are the purpose of the scheme- 1. To Cater One of the main objectives of Cent Kalyani Scheme is to cater women entrepreneurs and help them through various government priorities such as offer them jobs, loans, subsidies, etc. 2. To Identify Another objective is to identify women with needs and encourage them by giving financial assistance to achieve their goals. 3. To Guide One of the major motto objectives behind the scheme is to guide women with business expansion and other business needs. 4. To Co-ordinate One of the main objectives is to coordinate with government and non-government organisations to help more women to gain benefits from the bank’s scheme. Eligibility for Cent Kalyani Scheme Women involved in the following trade deals can apply for this scheme:.
Professionals (Doctors, Chartered Accountants, Architects, etc) Self-employed (Catering services, canteen service, beauty parlour, boutiques, daycare centres, tailoring services, etc) Documents Required for Cent Kalyani Scheme Following are the documents to be submitted: 1. Identity Proof Voter Id Passport Driving license PAN Card KYC documents 2. Address Proof Telephone bill Property tax Receipt Electricity bill Voter’s ID card 3. Income Proof Balance sheets Profit and loss account Other financial documents 4. Business Proof Profile of business enterprise Letters of Interest, understanding, continuity and hypothecation.
