Disclaimer….before you read ahead!
The information contained herein is of a general nature and for information purposes only, with the intent of raising awareness around various resources, schemes etc. available for women entrepreneurs in India. It is not intended to address the circumstances of any particular individual or entity. It does not purport to be all-inclusive or necessarily contain all the information that may be relevant for the reader, and may be subject to updation, revision or amendment. Although we endeavour to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to remain accurate in the future. The reader, therefore, is required to exercise their discretion; and not act on such information without appropriate professional advice after a thorough examination of the particular situation.
Furthermore, we are not a lender and are not authorized by the Reserve Bank of India to act as one. By disseminating the information contained herein, we are not soliciting any borrower or customers for the company or organization mentioned herein nor do we intend to syndicate any capital for the reader of this article.
About this scheme…
Business Loan for Women Entrepreneurs is a digital collateral free loan facilitation offering by Airtel Finance to empower women entrepreneurs by providing them with timely access to financial support so that they can focus on growth.
Airtel Finance is a digital financial services platform providing users with quick, paperless access to credit and investment products entirely online through the Airtel Thanks App. It is housed under Xtelify Limited (formerly known as Airtel Digital Limited), a fully-owned subsidiary of Bharti Airtel.
Airtel Finance offers these loans to women entrepreneurs through its tie-ups with various NBFC partners who are registered with RBI. You may find the list of Airtel Finance’s NBFC Partners here
How is it being implemented?
Under this Scheme, direct loans are provided to,
- Women owned & managed businesses
What’s on offer?
I. Product
- Term Loan
- Ticket Size: ₹2 Lakhs to ₹25 Lakhs
II. Purpose:
- Acquisition of or investment in fixed assets
- Working capital requirements
- Borrower Type:
- Sole Proprietorship, Partnership Firm, Limited Liability Partnership (LLP), Private Limited Company, Public Limited Company
III. Security or Collateral or Guarantee or Insurance
- Primary Security: There may be primary charge on assets financed under this Scheme
- Collateral Security: Nil
- Guarantee: Required. Nil
- Insurance: For more information around this, please contact Airtel Finance via means mentioned below
IV. Interest Rate
- May vary depending on borrower’s business profile, credit score, and loan amount
- For more information around this, please contact Airtel Finance via means mentioned below
V. Processing Fee
- 2-5% + GST
- Margin Money Requirement
- For more information around this, please contact Airtel Finance via means mentioned below
- Tenure, Repayments & Pre-Closures
- Tenure: 12 to 96 months
- Repayments: This Scheme allows for flexible EMI and tenure options to align with business cash flow
- Pre-payment & Foreclosure Charges: May vary based on your loan agreement terms For more information around this, please contact Airtel Finance via means mentioned below
VI. Turnaround Time
- Loan application to approval is 100% paperless & digital with simple documentation requirements and digital verification process without visiting any branch
- Approval of loan is instant through their fully automated assessment system and funds transfer can be estimated within 24 – 48 hours post that
Interested? Read ahead to check your eligibility….
I. Are you between 21 – 60 years of age?
II. Is your business at least one year old?
III. Is your annual business turnover at least ₹5 Lakhs?
IV. Do you have a valid ownership or office address documentation?
If your answers to the questions above are an emphatic YES, you are all set to avail Airtel Finance’s Business Loan For Women Entrepreneurs!
So…how big is this scheme and what has been done so far?
I. Details around achievements of this Scheme don’t seem to be available in the public domain
II. However, Airtel Finance has in total disbursed ₹5,000+ Crores loans till March 2025
So, now, how should you go about it?
I. For submitting application online:
OR
- Download the Airtel Thanks App/ Airtel App from Google Play Store or App Store
- Select Business Loan
- Enter Your Business Details
- Upload Required Documents
- Get Instant Approval
II. For indicative list of documentation required, scroll here to Documents Required for Business Loans for Women Entrepreneurs
- For any queries, please contact Airtel Finance via their App
Go on then…and do spread the word!
Best
Sources:
- About Airtel Finance’s Business Loan for Women Entrepreneurs
- Latest News of Airtel Finance’s sister concern Airtel Money: Airtel to invest Rs 20,000 crore in NBFC arm to scale digital lending
