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) in manufacturing, services, trading, retail, education and health sectors
Self-Employed professionals such as lawyers and Chartered Accountants (CA)

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

II. Purpose:

Working capital requirements

III. Borrower Type:

Sole Proprietorships, Private Limited Companies, Partnership Firms, Limited Liability Partnership Firms (LLPs)

IV, Security or Collateral or Guarantee or Insurance

Primary Security: Nil
Collateral Security: Nil
Guarantee: Nil
Insurance: Mandatory. Borrowers will need to pay a one-time premium of 0.35% – 1.05% of Sum Insured (which is typically the Loan Amount), depending on the loan tenure, towards Insurance Policy that covers accidental death, permanent total or partial disability, loss of pay due to hospitalization etc for the term of the loan

V. Interest Rate

16% – 21% per annum

VI. Processing Fee

ZERO processing fee & no hidden charges

VII, Margin Money Requirement

VIII. Tenure, Repayments & Pre-Closures

Tenure: 3 months to 12 months
Repayments: EMI
Pre-payment & Foreclosure Charges: 4%

IX. Turnaround Time

This Scheme is characterized by Priority Loan Disbursement & Fast-Track Approvals
Process is completely digital & paperless
Loan amount is likely be disbursed within 3 – 7 days of receipt of complete information

Interested? Read ahead to check your eligibility….

I. Are you a woman entrepreneur actively running the business and acting as the primary decision-maker?

II. Has your business been operational for at least 2 years at the time of applying for ProgShakti Development Programme?

III. Does your business have a GST vintage of at least 2 years?

IV. Does your business have a minimum annual turnover of Rs 50,00,000?

V. Is your CIBIL Score above 650? You can check your CIBIL Score here

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

VII. 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!

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

I. Progcap seeks to empower 10,000 women-led MSMEs in semi-urban & rural India by 2026-27 under this Scheme since its launch in March 2025

Till date, 50+ women entrepreneurs have been served under this Scheme with an loan average ticket of ₹6 – 7 Lakhs. These women have done a cumulative business of ₹55+ Crores

II. Overall till date, Progcap has serviced 800K+ Retailers across 10+ Industries, 75+ Corporates, 10+ Supply Partners in 500+ Cities

So, now, how should you go about it?

I. 46 XX has tied up with Progcap to make it easier for women entrepreneurs in its network to access capital under this Scheme. Please follow the following steps to submit your application:

Step 1: Check your eligibility here
Step 2: Once you have submitted that you are eligible, please fill the Google Registration Form that follows and opens. A ProgCap representative will get in touch soon
Step 3: Once you have filled the Google Registration Form and submitted, please join exclusive 46 XX <> ProgShakti WhatsApp group that you are directed to
Step 4: Also register for FREE Webinars on this Scheme. Scroll to register here

II. For information on list of documentation required, please keep the following handy:

PAN Card & Aadhaar Card
GST Certificate
- At the time of application, one would also need to give consent for Progcap to pull GST statements for the past 2 years
6 months Bank Statement

III. For any queries, please contact Progcap via