Delhi Government Launches Collateral-Free Loan Scheme for Women Entrepreneurs
Delhi Government to provide collateral-free loans up to Rs 10 crore to women startups
Image: The Economic Times
The Delhi government, led by Chief Minister Rekha Gupta, announced a new initiative to provide collateral-free loans of up to ₹10 crore (approximately $1.2 million USD) to women's self-help groups and startups. This initiative aims to promote indigenous products and support women's economic empowerment in the capital.
- 01The loan scheme will be backed by the Delhi government as a guarantor, enhancing access to finance for women entrepreneurs.
- 02The initiative aligns with Prime Minister Narendra Modi's vision of 'Vocal for Local' and 'Atmanirbhar Bharat'.
- 03The 'Mega Self Help Group (SHG) Mela-2026' featured 24 self-help groups showcasing handmade products, including handicrafts and food items.
- 04CM Rekha Gupta emphasized the importance of better branding and marketing for local products to compete with foreign brands.
- 05The government aims to encourage women to join self-help groups and produce marketable goods.
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In a significant move to empower women entrepreneurs, the Delhi government, under Chief Minister Rekha Gupta, has announced the provision of collateral-free loans up to ₹10 crore (approximately $1.2 million USD) for women's self-help groups and startups. This initiative was unveiled during the 'Mega Self Help Group (SHG) Mela-2026', which aims to promote indigenous products and connect women entrepreneurs with broader markets. The Delhi government will act as a guarantor for these loans, thereby facilitating easier access to financial resources. CM Gupta highlighted the government's commitment to the vision of 'Vocal for Local' and 'Atmanirbhar Bharat', encouraging the use of local products over foreign brands. During the event, 24 self-help groups showcased a variety of handmade products, including handicrafts and food items, emphasizing the quality of Indian goods. The Chief Minister urged the public to support local industries, noting that women are playing a crucial role in enhancing family incomes through small-scale industries. This initiative is part of a broader effort to strengthen the indigenous economy and promote self-reliance in various sectors.
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This initiative is expected to significantly enhance the financial independence of women in Delhi, enabling them to start and grow their businesses.
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