If you are a woman entrepreneur who owns or co-owns an MSME, you can apply for a HerVikas, quick business loan for women. The rest of the eligibility criteria are the same as those for the rest of Kinara’s loan products:
• Your business should be an MSME operating in the manufacturing, trading, or services sector.
• The business should be in operation for more than 2 years at the time of application.
• The total monthly turnover should be greater than Rs. 50,000 and less than Rs. 2 crores.
• The business should be a sole proprietorship, partnership or private limited company.
• Both an applicant and co-applicant are needed in order to apply for a loan.
• The applicant should be between the ages of 25 and 65 to be eligible.