There will be no money problem in starting a business in the Corona era, this scheme of PNB will be useful for women

Women can avail loans for small business under PNB’s Women Enterprise Fund Scheme. In this, she can take financial help up to 10 lakh rupees.

The Corona crisis is again beginning to threaten the employment of people. In such a situation, people are trying to become self-sufficient. The country’s major state-run PNB (Punjab National Bank) has also run a special scheme to build its own business. Whose name is Women Enterprise Fund Scheme. In this, women are given financial help to set up business. So what is this scheme and how to get it done, know the complete process of registration.

What is PNB Women’s Enterprise Fund Scheme

For women who want to set up their own business setup, but there is shortage of money, then PNB gives loan facility to such women under the scheme. Along with this, the bank also helps in learning the skills of new technology, increasing business, etc. Funds offered under the scheme can be used by medium and small businesses (MSMEs) for activities related to service, manufacturing and production.

Loans up to 10 lakhs can be availed

Women can avail loans up to Rs 10 lakh under the Mahila Udyam Nidhi Yojana. In this, the interest rates can vary from bank to bank. It takes 5 years to 10 years to repay the loan.

Can do this business

Under PNB scheme, women beauty parlors, canteens and restaurants, desk top publishing, nurseries, cyber cafes, day care centers, laundry and dry cleaning, mobile repairing, photocopying (xerox) centers, auto rickshaws, two-wheelers, purchase of cars Can do small business like TV repairing, sewing training institute, typing center.