ProgShakti Development Programme

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 endeavor 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…

ProgShakti Development Programme, a collateral-free credit facilitation offering cum certified business training workshop designed exclusively for women led businesses, was launched by Progcap in March 2025 to bridge their funding gap & foster their financial independence.

Progcap, the trade name of Desiderata Impact Ventures Pvt. Ltd. that, is a fintech platform facilitates debt capital for underserved micro and small businesses, digitizes supply chains and facilitates access to finance for last mile retailers

How is it being implemented?

Under this Scheme, direct credit facilitation assistance is provided exclusively to,

Women led Micro, Small, and Medium Enterprises (MSMEs)

By connecting them with various Non-Banking Finance Company Partners (NBFC Partners) with tailored loan solutions that require no collateral.

One of Progcap’s NBFC Partner is Progfin Pvt. Ltd., a non-deposit taking NBFC providing SME lending. Progfin Private Limited is in turn a wholly owned subsidiary of Desiderata Impact Ventures Pvt. Ltd. (Progcap)

Apart from this, Progcap also conducts financial literacy & certified business training workshops, gives access to mentorship & networks to equip women entrepreneurs to establish & scale their business.

What’s on offer?

I. Product

Term Loan
Ticket Size: Up to ₹10 Lakhs
Certified Business Training Workshop providing capacity-building knowledge sessions

II. Purpose:

Working capital requirements
For information on whether the loan can also be utilized to acquire or invest in fixed assets, please contact Progcap via means mentioned below

III. Borrower Type:

Self-Employed Professionals, Sole Proprietorships, Private Limited Companies, Partnership Firms and Limited Liability Partnership Firms
For more information around this, please contact Progcap via means mentioned below

IV, Security or Collateral or Guarantee or Insurance

Primary Security: There may be primary charge on assets financed by the Lender
Collateral Security: Nil
Guarantee: For more information around this, please contact Progcap via means mentioned below
Insurance: For more information around this, please contact Progcap via means mentioned below

V. Interest Rate

15% – 18%

VI. Processing Fee

ZERO processing fee & no hidden charges

VII, Margin Money Requirement

For more information around this, please contact Progcap via means mentioned below

VIII. Tenure, Repayments & Pre-Closures

Tenure: 3 months to 36 months
Repayments: For more information around this, please contact Progcap via means mentioned below
Pre-payment & Foreclosure Charges: For more information around this, please contact Progcap via means mentioned below

IX. Turnaround Time

This Scheme is characterized by Priority Loan Disbursement & Fast-Track Approvals
Most likely the process will be digital & paperless
For more information around this, please contact Progcap via means mentioned below

Interested? Read ahead to check your eligibility….

I. Has your business been operational for at least 1 year at the time of applying for ProgShakti Development Programme?

II. Is your business running actively?

III. Will you be available to attend the capacity-building, certified business training workshops etc. offered under ProgShakti Development Programme?

IV. Are you open to completing the ProgShakti Certification?

If your answers to the questions above are an emphatic YES, you are all set to avail loan under ProgShakti Development Programme!