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Home » Working Women » Be an
Entrepreneur » Financing-Mahila Udyam Nidhi
Mahila Udyam Nidhi (MUN)
Purpose
To overcome insufficient capital requirements.
Eligible Borrowers
- Women entrepreneurs who are setting up new projects in tiny / small-scale sector.
- Those involved in the rehabilitation of viable sick SSI units.
- Existing tiny and small-scale industrial units and service enterprises undertaking expansion and modernisation.
Norms
The scheme is operated through SFCs / TFIDCs / Scheduled Commercial Banks / Scheduled Urban Co-operative Banks.
Cost of Project - Not to exceed Rs.1 million
Soft Loan limit - 25% of cost of project subject to a maximum of Rs.2,50,000 per project
Service charges - 1% p.a. on soft loan
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