new Delhi. The Mahila Udyog Nidhi (MUN) scheme is being run with a view to make women self-reliant and encourage them to employ. In this, the bank will provide loans up to 10 lakh to women for small business. The good thing is that the borrower will not have to give any kind of guarantee in this. The maximum loan repayment period offered under this scheme is from 5 years to 10 years. If you also want to take advantage of this scheme then these procedures have to be followed.
Loan will be given on these businesses
Beauty parlor, salon, sewing, agricultural and farm equipment service, canteen and restaurant, nursery, laundry and dry cleaning, day care center, computerized desk top publishing, cable TV network, photocopy (xerox) center, under Mahila Udyam Nidhi Yojana Small industries such as road transport operators, training institutes, washing machines and other electronic and electrical gadgets repairing, making jam-jelly and marmalade etc. can be started. It is given a loan from the bank. You can use the funds given by the Mahila Udyam Nidhi Yojana for small business (MSME) activities related to service, manufacturing and production.
These conditions have to be met
In order to start a small business (SSI), the applicant woman must be associated with an industry. Their ownership in the business should be at least 51%. 5 lakh in whatever business you start. Has a minimum investment of not more than Rs 10 lakh.