{"id":45935,"date":"2024-11-20T07:12:51","date_gmt":"2024-11-20T07:12:51","guid":{"rendered":"https:\/\/www.tatacapital.com\/blog\/?p=45935"},"modified":"2025-12-29T17:28:06","modified_gmt":"2025-12-29T11:58:06","slug":"bhartiya-mahila-bank-business-loan","status":"publish","type":"post","link":"https:\/\/www.tatacapital.com\/blog\/loan-for-business\/bhartiya-mahila-bank-business-loan\/","title":{"rendered":"All about Bhartiya Mahila Bank business loan"},"content":{"rendered":"\n

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The Bhartiya Mahila Bank business loan<\/a> was introduced in 2013 as a tool to advance women-owned businesses in the country. Its goals included increasing access to the workforce, increasing financial independence, and paving the way for economic empowerment for women.<\/p>\n\n\n\n

In this article, we will discuss the Mahila business loan<\/a>, how it works, and what documents are needed to apply for it.<\/p>\n\n\n\n

What is the Mahila Bank Business Loan?<\/strong><\/h2>\n\n\n\n

The Bhartiya Mahila Bank (BMB) is a public-sector financial institution established in 2013. The former Prime Minister of India, Dr. Manmohan Singh, inaugurated it as India\u2019s first all-women financial institution.<\/p>\n\n\n\n

The BMB focuses primarily on women\u2019s financial requirements and empowerment. The organisation seeks to promote women\u2019s empowerment through financial inclusion, providing a safe and supportive environment for growth and services to grow their businesses. It offers attractive rates of interest, services aimed towards women customers and employees, and unique CSR initiatives.<\/p>\n\n\n\n

Among these offerings is the Bhartiya Mahila Bank Business loan. The BMB\u2019s business loans are meant to meet the need for working capital<\/a>, business expansion, and more. It offers attractive interest rates and collateral-free loans<\/a> of up to Rs. 1 crore.<\/p>\n\n\n\n

Types of Bhartiya Mahila Bank Business Loans<\/strong><\/h2>\n\n\n\n

In 2000, the Government of India established the CGTMSE (Credit Guarantee Funds Trust for Micro and Small Enterprises)<\/a>, offering credit guarantees to financial institutions. Under the CGTMSE scheme, the following Bhartiya Mahila Business bank loans are available:<\/p>\n\n\n\n

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  1. BMB Shringaar: <\/strong>These include loans for beauty parlours, salons, and spas.<\/li>\n<\/ol>\n\n\n\n
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    1. BMB Annapurna Loan:<\/strong> This includes loans for food catering businesses.<\/li>\n<\/ol>\n\n\n\n
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      1. BMB SME Easy: <\/strong>This includes loans for small and medium-level enterprises.<\/li>\n<\/ol>\n\n\n\n
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        1. BMB Parvarish:<\/strong>\u00a0This loan provides aid for women looking to finance daycare centres.<\/li>\n<\/ol>\n\n\n\n

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          Loan Types\/Categories<\/strong><\/td>BMB Shringaar<\/strong><\/td>BMB Annapurna<\/strong><\/td>BMB SME Easy<\/strong><\/td>BMB Parvarish<\/strong><\/td><\/tr>
          Age<\/td>Between 20 to 60 years<\/td>Between 18 to 60 years<\/td>Dependent on the profile requirement of the SME<\/td>Between 21 to 55 years<\/td><\/tr>
          Repayment tenure<\/td>7 years<\/td>3 years<\/td>7 years<\/td>5 years<\/td><\/tr>
          Collateral<\/td>None<\/td>None<\/td>None (Up to 1 crore)<\/td>None<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

          Also, read – Mahila Udyam Nidhi Scheme<\/a><\/p>\n\n\n\n

          Documents Needed for Bhartiya Mahila Bank Business Loan<\/strong><\/h2>\n\n\n\n

          It is essential to keep the necessary documents ready to obtain any loan<\/a>. This streamlines the process and makes it quicker and easier. To apply for a Bhartiya Mahila Business bank loan, the following documents are required:<\/p>\n\n\n\n

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          1. For salaried workers<\/strong><\/li>\n<\/ol>\n\n\n\n

            \u2013 Identity proof: <\/strong>This can include your Adhaar card, voter\u2019s ID, driving license, or passport.<\/p>\n\n\n\n

            \u2013 Address proof:<\/strong> Documents like telephone, electricity, and property tax bills can be presented.<\/p>\n\n\n\n

            \u2013 Proof of income:<\/strong> Documents for proof of income include the account assigned for salary, salary slips over the last 3 months, bank statements from the last 6 months, or the latest Form 16.<\/p>\n\n\n\n

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            1. For self-employed workers<\/strong><\/li>\n<\/ol>\n\n\n\n

              \u2013 Identity proof:<\/strong> This can include your Adhaar Card, voter\u2019s ID, driving license, or a valid passport.<\/p>\n\n\n\n

              \u2013 Address proof: <\/strong>Documents such as property leases, business address proof, sales deeds, or property tax bills can be presented.<\/p>\n\n\n\n

              \u2013 Proof of income: <\/strong>Profit and loss statements, bank statements from the last 6 months, ITR from the previous 2 years, current account statements, and debt information are required.<\/p>\n\n\n\n

              \u2013 Additional documents:<\/strong> Additional documents for the self-employed individuals include certificates of employment or continuation of organisation (such as previous year\u2019s appointment letters or the previous two years\u2019 sales tax or ITR), documents of assets (like property assigning letter, certificate of proof of payment for the property, document stating sold property, sales deed documents, and property tax paying reports).<\/p>\n\n\n\n

              Also, read – Government Schemes for Women Entrepreneurs in India<\/a><\/p>\n\n\n\n

              How to Apply for a Bhartiya Mahila Bank Business Loan<\/strong><\/h2>\n\n\n\n

              To apply for the Mahila business loan, the following steps are required:<\/p>\n\n\n\n

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              1. Find your nearest BMB branch<\/strong><\/li>\n<\/ol>\n\n\n\n

                After ensuring you meet the business and age criteria to apply for the Bhartiya Mahila Business bank loans, find the nearest BMB branches and prepare your documents.<\/p>\n\n\n\n

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                1. Get an application form<\/strong><\/li>\n<\/ol>\n\n\n\n

                  Obtain an application form from the BMB and fill it out in the prescribed format. You will need to fill in the necessary credentials correctly. The basic details required include:<\/p>\n\n\n\n

                  \u2013 The name and address of your enterprise and the date of establishment<\/p>\n\n\n\n

                  \u2013 Caste certificates<\/p>\n\n\n\n

                  \u2013 Contact information like your mobile numbers and email address<\/p>\n\n\n\n

                  \u2013 PAN card and\/or Adhaar card<\/p>\n\n\n\n

                  \u2013 The constitution of your business (for example, a proprietorship, partnership, Pvt. Ltd, or co-op).<\/p>\n\n\n\n

                  \u2013 Loan details, bank and credit details, and details or any collaterals offered.<\/p>\n\n\n\n

                  \u2013 The name, address, and PAN card details of the proprietors, partners, or directors of the company.<\/p>\n\n\n\n

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                  1. Submitting the application form<\/strong><\/li>\n<\/ol>\n\n\n\n

                    After completing the business loan forms, you must submit them to the financial institution officials along with the necessary documents.<\/p>\n\n\n\n

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                    1. Attach the necessary documents<\/strong><\/li>\n<\/ol>\n\n\n\n

                      The BMB will also require special KYC<\/a> proof for verification along with the application form. This could include your PAN card and Adhaar card.<\/p>\n\n\n\n

                      Also, read – List Of Businesses That Come Under the MSME Sector<\/a><\/p>\n\n\n\n

                      Advantages of Bhartiya Mahila Bank Business Loans<\/strong><\/h2>\n\n\n\n

                      The BMB was a significant government initiative. It has helped countless women (customers and employees) nationwide pursue their financial and entrepreneurial goals. Its unique structure provided a supportive environment for Indian women and helped establish several businesses across the country. In 2017, the BMB was integrated into the State Bank of India, which continues to focus on financially empowering women business owners. The Mahila business loan comes with several benefits for women-owned businesses. These include:<\/p>\n\n\n\n

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                      1. Collateral-free loans (up to 1 crore)<\/li>\n<\/ol>\n\n\n\n
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                        1. Competitive interest rates<\/li>\n<\/ol>\n\n\n\n
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                          1. Flexible repayment options<\/li>\n<\/ol>\n\n\n\n

                            4.           Combinations of working capital and term loans<\/p>\n\n\n\n

                            Bhartiya Mahila Bank Loan Interest Rates & Fees<\/strong><\/h2>\n\n\n\n

                            For women entrepreneurs, the Bharatiya Mahila Bank<\/strong> business loan offers tailored financial solutions, and understanding its interest rates and fees helps in making informed decisions.<\/p>\n\n\n\n