In 2025, Indian women have more opportunities than ever to access financial support for small businesses, education, or personal needs. One of the most common and accessible loan options is a ₹1 lakh loan. Whether you’re a housewife, entrepreneur, or working woman, there are multiple government schemes and private loan options available specifically for women in India.
This article will guide you through the best ways to get a ₹1 lakh loan, eligibility, documents required, and how to apply.
Why Women Should Consider ₹1 Lakh Loan
- Easy approval with minimal documents
- Special schemes for women entrepreneurs
- Low interest rates through government support
- Helps in starting a small business or managing personal expenses
Top 5 Government Schemes for Women to Get ₹1 Lakh Loan
1. PM Mudra Yojana (Women Entrepreneurs)
- Offered by banks under the Pradhan Mantri Mudra Yojana
- Up to ₹1 lakh under “Shishu” category
- No collateral required
- Apply at any nearby bank or online via mudra.org.in
2. Stand Up India Scheme
- Loan between ₹10 lakh to ₹1 crore for SC/ST and women
- For starting new businesses
- Support with business planning and mentoring
- Apply online via standupmitra.in
3. Mahila Udyam Nidhi Scheme (by SIDBI)
- Loan up to ₹1 lakh for small business setup
- Flexible repayment up to 10 years
- Targeted at women wanting to become self-employed
4. Annapurna Yojana (for food business women)
- ₹50,000 to ₹1 lakh for women starting food-related businesses
- Offered by State Bank of India and other banks
- Collateral may be required
5. Dena Shakti Scheme (by Dena Bank)
- ₹1 lakh loan for women in agriculture, manufacturing, or retail
- Lower interest rate
- Easy process through bank branches
Private Loan Options for Women in 2025
If you don’t qualify for government schemes, you can apply for a personal loan from:
- Bajaj Finserv
- HDFC Bank
- SBI Personal Loan
- PaySense / KreditBee (Instant Loan Apps)
These offer quick disbursal but may have slightly higher interest rates.
Eligibility Criteria for ₹1 Lakh Loan
- Indian citizen and resident
- Age between 21 to 58 years
- Regular source of income (or business plan if applying under schemes)
- Basic KYC documents
Documents Required
- Aadhaar card
- PAN card
- Bank passbook / statement (last 6 months)
- Income proof (if salaried)
- Business plan (for business loans)
- Passport-size photograph
How to Apply for ₹1 Lakh Loan (Step-by-Step)
- Choose loan type – personal or government scheme
- Check eligibility – age, documents, income
- Apply online or visit the nearest bank
- Submit documents and fill application form
- Verification and approval
- Loan disbursement in 3 to 7 days
Tips for Easy Approval
- Maintain a good credit score (CIBIL above 650)
- Prepare a simple business plan
- Keep all documents ready
- Choose schemes with government backing for lower interest
Conclusion
A ₹1 lakh loan can help Indian women build a better future, whether it’s through starting a small business, upgrading skills, or managing household needs. With government schemes and digital loan apps, getting this loan has become easier than ever.
Apply smartly, choose the right scheme, and take the first step toward financial independence.
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