CashSuvidha Ties Up With Intellecap to Support Finance for Women
One of the biggest hurdle facing the social and moral fabric of women entrepreneurs in India is Lack of awareness about the financial assistance in the form of incentives, loans, schemes etc. by the institutions in the financial sector.
Woman entrepreneur no longer elicits surprise or curiosity in India. Many women entrepreneurs are driven by a desire to do good work, realise their dreams and prove their detractors wrong, rather than just make money.
The glass ceilings are shattered and women are found indulged in every line of business. The entry of women into business in India is traced out as an extension of their kitchen activities, mainly 3P‘s, Pickle, Powder and Pappad. But with the spread of education and passage of time women started shifting from 3P‘s to modern 3E‘s i.e., Energy, Electronics and Engineering.
One of the biggest hurdle facing the social and moral fabric of women entrepreneurs in India is Lack of awareness about the financial assistance in the form of incentives, loans, schemes etc. by the institutions in the financial sector. So the sincere efforts taken towards women entrepreneurs may not reach the entrepreneurs in rural and backward areas.
Well one of the possible solution to overcome this big problem is by provision of micro credit system and enterprise credit system to the women entrepreneurs at local level. One of the key players moving up the charts on this front is CashSuvidha – An SME firm providing hassle free loans to people in a super quick time and at competitive rates of interest.
CashSuvidha helps women entrepreneur to raise un-secured business loans of up to Rs 3 Lakhs and then secured loans upto 10 lakhs. In both the Rural & Urban areas, they are providing loans of upto Rs 50,000 for small businesses or any type of income generation activities. They have also joined hands with Intellecap Advisory Service Pvt. Ltd to support access to finance for Women Entrepreneurship as a part of the Creditree project.
This will be a growth- propelling step towards developing financially stability in the unorganised sector of Women Entrepreneurship, and will encourage more and more women to step out and make the best possible use of this space with all the resources.