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 is a digital collateral free loan facilitation offering by IDFC First bank to help women entrepreneurs start their own business or expand their existing business operations by offering the required financial support to run their business confidently.
How is it being implemented?
Under this Scheme, direct loans are provided to,
- Salaried Women
- Self-employed Women
- Registered entities owned by women
What’s on offer?
I. Product
- Term Loan, Dropline Overdraft Loan
- Ticket Size: ₹7 Lakhs to ₹1 Crore
II. Purpose:
- Start own business
- Acquisition of or investment in fixed assets
- Working capital requirements
III. Borrower Type:
- Sole Proprietorship, Partnership Firm, Limited Liability Partnership (LLP), Private Limited Company, Public Limited Company
IV. 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 IDFC First Bank via means mentioned below
V. Interest Rate
- 99% to 25.00%
VI. Processing Fee
- Upto 3.50% + GST
- For more information around this, please contact IDFC First Bank via means mentioned below
VII. Margin Money Requirement
- For more information around this, please contact IDFC First Bank via means mentioned below
VIII. Tenure, Repayments & Pre-Closures
- Tenure: upto 48 months
- Repayments: Flexible as this Scheme allows one to choose between a Term Loan and Dropline Overdraft Facility
- Pre-payment & Foreclosure Charges: Please refer here for more information on this for both Term Loan and Dropline Overdraft Facility
IX. Turnaround Time
- Loan application to approval process requires minimal paperwork & is 100% digital for faster approvals & disbursals
- Fast-track funding of up to ₹50 Lakhs is offered based on GST Returns or Bank Statement
- For more information on exact timelines, please contact IDFC First Bank via means mentioned below
Interested? Read ahead to check your eligibility….
I. Are you at least of 28 years of age now?
II. Will you be below 68 years of age at the time of loan maturity?
III. Is your business at least three (3) years old?
VI. Is your annual business turnover at least ₹1 Crore?
V. Does your business have positive net worth & cashflows?
If your answers to the questions above are an emphatic YES, you are all set to avail IDFC First Bank’s Business Loan For Women!
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, as of March 31, 2026, IDFC First Bank had an AUM of ₹36,789 Crores lent to MSMEs
So, now, how should you go about it?
I. Click here for submitting your application online with required details following which one of IDFC First Bank’s representatives will contact you
II. For indicative list of documentation required, scroll here to Documents Required for Business Financing for Women
III. For any queries, please contact IDFC First Bank via:
- E-mail: banker@idfcfirstbank.com
OR
- Phone: 1800 10 888
OR
OR
Go on then…and do spread the word!
Best
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