Home / SME-MSME / MSME / Women Entrepreneurs can now avail loan up to Rs 10 lakh in Tamil Nadu (Mahila Udyam Nidhi- MUN Scheme)

Women Entrepreneurs can now avail loan up to Rs 10 lakh in Tamil Nadu (Mahila Udyam Nidhi- MUN Scheme)

Tamil Nadu government’s favorable business environment and schemes help entrepreneurs to set up their business in the state. One such scheme is Mahila Udyam Scheme which aims to provide soft loan assistance to women entrepreneurs to set up business or industrial entity in small scale sector as well as undertaking service activities those are eligible to get assistance under SIDBI’s refinance scheme.

Financial Benefits

  • Soft loan up to 25% of the project cost with amount limit of Rs 2.5 lakh per project
  • Project cost for new business is limited to Rs 10 lakh

Security

Third party guarantee is accepted by the banks. However, no collateral is necessarily needed to avail soft loans.

Repayment

Repayment can be done within 10 years of obtaining loans.

Eligibility Criteria

  • Any new project in small or tiny scale sector for manufacturing, processing of goods except Road Transport Operators
  • Existing business entities in tiny or small scale sectors for undergoing modernization, technology upgradation and expansion can avail
  • Sick units in tiny as well as small scale sectors including all service enterprises which potentially are in workable condition
  • Al thoughprojects which are getting financial benefits from any central or state government except for State investment subsidy are not eligible to apply for this scheme

How to avail

Commercial banks like PNB, Canara Bank are giving this loan. Kindly contact your nearest bank for more details on application.

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19 comments

  1. DURAISIMIRANDA

    pls send the details for proceture for loan applying for business . If any known send my mail id. now im started small idly shop. i want to develope my hotel . hence, pls help me. which bank help to Mr.MODI loan scheme. My account bank INDIAN OVERSEAS BANK -MAHALINGAPURAM, CHENNAI-34.

  2. pls send the details for proceture for loan applying for business . If any known send my mail id. now im started small shop. i want to develope my shop . hence, pls help me. which bank help to Mr.MODI loan scheme. My account bank state bank ketti the niligiris tamilnadu

  3. I want to start the business. .. but i have no proper guide how to start and what is the best way to get gov scheme loan

  4. Plan to start play school business kindly send me a details

  5. Pls send for loan details.bcz am started won business so i want many details.than women small scale business loan details needed for me.

  6. I’m from Chennai. Planning to start a snackateria( snack house) in my area. Willing to take up certain amount add loan. Please let me know the details how to proceed further to avail the loan. Thanks

    • Hello Ma’am,
      Commercial banks like PNB, Canara Bank are giving this loan. Kindly contact your nearest bank for more details on application.

  7. i like to start areca leaf plate manufacturing business. It is eligible to get for amt of Rs.2.5 to 3.00lakhs. If it eligible what are the documents to be produced.

    • Hello Ma’am,
      Please visit to the nearest PNB (Punjab National Bank) or Canara Bank form forms and other relevant information.

  8. kanakalakshmi loganathan

    goodday , my name is kanakalakshmi did m.phil., in psychology and having experience in LEARNING DIFFICULTY with 9 yrs. wants to start learning centre for both normals and special kids so please guide me how to get mahila udayam nidhi loan and what are the criteria to avail. thank you

    • Hello Kanakalakshmi,
      You can contact to nearest PNB (Punjab National Bank) or Canara Bank for more details of this scheme .All forms and information you can get from these banks.

  9. Anusuya udhayakumar

    Hello this is Anusuya udhayakumar. I’m interested to start up a restaurant and I’m in need of 12 lakhs to 15 lakhs . What is the procedure for getting loan ?

  10. Hai i’m from coimbatore. I like to start baby and mother care textile shop … i have experience in textile field past 5 years. i want to know how to start and what is the best way to get gov scheme loan.

  11. Hi,

    We are already running a pre-school with the day care at 3 locations as we are getting a good feedback from our parents we need to promote our school to next level with CBSE OR IGCSE curriculum, for that as a Women Entrepreneur it is a huge budget project of 2 to 3 Cores, even we like to admit some SC , ST category children in our school in our admission panel with the base of 25% with liable amount of fees. In this case we don’t have any collaterals to proceed for bank, So is there any option from government sector to provide a loan for us to develop and service to education sector, please let me know if it is there because we have tried at many banks for the loan but the most of the financial sectors are requesting us for the collateral and we are the first generation degree holders in our family so in this case to promote our school to next level what we can do?

  12. Hi I need open tailoring work with labour and stationery item store pls advise how do apply for loan

  13. How do apply for loan for shop stationery and pr

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