Women Entrepreneur Loan

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Status: Active

Classification: Private Sector Scheme

Release Date(s):
2nd June 2021

Offering: Loan/Credit

Entity Type: NBFC

Reading Time: 5 Mins

Ticket Size: ₹50,000 upto ₹25 Lakhs

Entity Name: SME Corner

#Views: 63

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 authorised 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 organisation mentioned herein nor do we intend to syndicate any capital for the reader of this article.


About this scheme…
Women Entrepreneur Loan is an online credit offering by DigiKredit Finance Private Limited, an RBI registered NBFC, that operates under the trade name SMEcorner. It is aimed to address the financial needs of women entrepreneurs as quickly as possible so that lack of finance doesn’t pose a challenge in their bid to become successful. Its technology-enabled platform bases business loan approvals purely on data analytics, and is devoid of any prejudice against any class, or gender of entrepreneurs.


How is it being implemented?
Under Women Entrepreneur Loan Scheme, direct financial assistance is given to women entrepreneurs by SMEcorner. The said loan is disbursed either on its own accounts or that of its partners.

Currently, they operate in 7 states such as Maharashtra, Gujarat, Rajasthan, Delhi, Karnataka, Telangana, and Tamil Nadu across 22 cities. You may check out their reach here and here.


What’s on offer?
I. Product:

  • Term Loans
  • Ticket size from ₹50,000 upto ₹25 Lakhs

II. Purpose:

  • Working capital requirements

III. Borrower Type:

  • Individuals (21 years to 65 years) Proprietorship Firm, Partnership Firm, Private Limited Company, Closely held Public Limited Company

IV. Security or Collateral or Guarantee or Insurance:

  • Primary security: For information around requirement of first charge on assets created out of loan, please contact SMEcorner via means mentioned below
  • Collateral security: Nil
  • Guarantor: Nil
  • For information around requirement of insurance, please contact SMEcorner via means mentioned below

V. Interest Rate:

  • Flexible interest rates based on applicant’s profile and business requirements
  • Typically around 24% per annum

VI. Processing Fee:

  • 2-3% based on the approved loan
  • No other hidden costs

VII. Margin Money Requirement:

  • For information around this, please contact SMEcorner via means mentioned below

VIII. Tenure, Repayments& Pre-Closures:

  • Flexible repayment tenure starting from 1 month upto 36 months
  • Repayments can be done through monthly or bi-weekly installments
  • No charges, fees or penalty amount on early repayment or prepayment under Women Entrepreneur Loan. One can repay in full, any time after servicing the first EMI. This is a concession Business Loans are disbursed in 24 hours after documents have been uploaded online offered especially to women entrepreneurs as on other products say, Unsecured Business Loan, MSME/SME Loan, SMEcorner charges a 4% pre-closure charge!

IX. Turnaround Time:

  • Business Loans are disbursed in 24 hours after documents have been uploaded online


Interested? Read ahead to check your eligibility….
I. Has your business been in operations for at least 2-3 years?

II. Is your business profitable?

III. Has your business generated at least ₹25 Lakhs in revenue in the latest financial year?

IV. Has the Income Tax Returns (ITR) been filed for your business for at least 2 years?

V. Do you or your spouse or your parents own a residential or office property?

If your answers to the questions above are an emphatic YES, you are all set to avail loan under SMEcorner’s Women Entrepreneurs Loan!


So…how big is this scheme and what has been done so far?

I. Details for SMEcorner’s Women Entrepreneur Loan is not available on public domain

So, now, how should you go about it?

I. For submitting application:

  • Start here by scrolling down and entering your mobile number to proceed with eligibility check on WhatsApp


II. For information on

  • Indicative list of documentation that will be required, please check here

III. For any queries,

  • Please call on their toll free number 1800 103 7382



  • Raise a service request online here



Go on then…and do spread the word!



  1. About SMEcorner
  2. About Women Entrepreneur Loan
  3. FAQs
  4. Interest Rates
  5. Latest Credit Rating Report on SMECorner
  6. Latest news on fund raise in SMECorner: SME Corner secures funding from Aviator EMF
  7. Latest news on equity fund raise in SMECorner: Back SMEcorner raises $30 mn led by Paragon Partners, others
  8. Latest news on equity fund raise in SMECorner: SMEcorner raises $30 million in Series B funding

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