Dena Bank is a government bank that helps women financially and economically empower them. They offer a platform for female entrepreneurs to access business loans. These loans can be used for various business needs like working capital or expanding their businesses. In this article, we’ll explore the details of the Dena Shakti Scheme.
Sectors Covered Under this Scheme
The following are the fields focused in this scheme are as follows:
- Agriculture and allied activities
- Small Enterprises (Direct and Indirect Finance)
- Micro and small (manufacturing) enterprises
- Micro and small (service) enterprises which include small road and water transport operators, small business professionals and self employees and all other service enterprises
- Retail Trade
- Micro Credit
- Education
- Housing
Dena Bank Loan for Women Details
The main goal of the Dena Shakti Scheme is to provide financial assistance to women entrepreneurs. It covers various sectors and activities. Below are the details regarding interest rates, charges, fees, and commissions associated with Dena Bank’s business loans.
| S.No. | Type | Loan Details |
|---|---|---|
| 1. | Interest Rate | 0.25% below base rates for women entrepreneurs who are majority stakeholders in the company |
| 2. | Loan Amount for Agriculture | Up to Rs. 20 Lakhs |
| 3. | Loan Amount for Manufacturing, Retail Trader, or Small Enterprises (Direct and Indirect Finance) | Up to Rs. 20 Lakhs |
| 4. | Loan Amount for Retail Trader and Micro-credit | Up to Rs. 50,000 under micro-credit schemes |
| 5. | Loan Tenure | Up to 7 years |
| 6. | Processing Fee | 0.50% of the loan amount |
Eligibility Criteria
Any woman who owns more than half, or 50%, of a business can apply for the Dena Shakti Scheme.
Features and Benefits of Dena Bank Shakti Scheme
Here are some key features and benefits of applying for the Shakti Scheme with Dina Bank Business Loan:
- Women entrepreneurs are offered a discount of 0.25% on the interest rate.
- The business loan for women entrepreneurs can be a combination of working capital and term loan.
- The repayment period is flexible, lasting up to 10 years.
- Microcredit and retail stores are eligible, along with businesses in agriculture and allied sectors.
Documents Required
The required documents are to be submitted while applying for women’s welfare loan.
- Identity Proof: PAN Card, Aadhaar Card, Driving License, Voter ID Card, etc.
- Address Proof: Aadhaar card, Valid Passport, Utility bill, Property tax bill, etc.
- Bank account details.
- One passport-size photo of the applicant.
Application Procedure
To apply for this women welfare loan, you need to go to the nearest Dena Bank branch. Once there, you can ask for the loan application form. Fill out this form according to the provided guidelines. You’ll also need to submit certain documents along with the application form.
Read more: Lakh Loan for Poor Women by Telangana Government