A new scheme has been announced to help SC/ST women in India by offering them 5-year term loans. This initiative aims to provide financial support to these women so they can start or expand their businesses. The scheme is designed to empower women from Scheduled Castes and Scheduled Tribes by making funds more accessible for them.
- 5-Year Term Loans: Women can avail loans for a period of five years, making it easier to repay and manage their finances.
- Low-Interest Rates: The loans come with low-interest rates, which will make it affordable for women to access financial support.
- Business Growth: The scheme encourages women entrepreneurs to start small businesses, which will help improve their livelihoods and create job opportunities.
- Focus on Empowerment: This move is part of the government's ongoing effort to empower marginalized communities and promote their economic development.
This initiative is expected to provide a big boost to entrepreneurship among SC/ST women, helping them overcome financial barriers and achieve their business goals. By providing these loans, the government aims to foster economic independence for women in these communities.
Also Read: Key Takeaways from Union Budget 2025