The New Swarnima Scheme for Women - Current Affairs

The New Swarnima Scheme for Women is a term loan scheme introduced by the Ministry of Social Justice and Empowerment to support women entrepreneurs from backward classes. The scheme aims to provide financial assistance to women entrepreneurs to set up or expand their businesses.

The scheme provides a maximum loan of ₹2,00,000 at an interest rate of 5% per annum. The loan can be used for a variety of purposes, including setting up a new business, expanding an existing business, or acquiring equipment.

The scheme is open to women entrepreneurs from backward classes who have an annual family income of up to ₹3 lakh. The applicant must also have a valid business plan.

The loan is to be repaid in quarterly installments over a period of 8 years. The first six months of the loan will be a moratorium period, during which the borrower will not have to repay any instalments.

The New Swarnima Scheme for Women is a great opportunity for women entrepreneurs from backward classes to start or expand their businesses. The scheme provides financial assistance and other support to help women entrepreneurs succeed.

Here are some of the key features of the New Swarnima Scheme for Women:

• Loan amount: Up to ₹2,00,000
• Interest rate: 5% per annum
• Repayment period: 8 years, with a moratorium period of 6 months
• Eligibility: Women entrepreneurs from backward classes with an annual family income of up to ₹3 lakh
• Support: Business plan assistance, training, and mentoring

If you are a woman entrepreneur from a backward class and you are looking for financial assistance to start or expand your business, the New Swarnima Scheme for Women is a great option. You can apply for the scheme through the website of the National Backward Classes Finance and Development Corporation (NBCFDC).