Swarnima Loan Scheme for Women, Eligibility & Registration -

Swarnima Loan Scheme for Women, Eligibility & Registration

In a significant move towards promoting women’s empowerment and entrepreneurship, the Ministry of Social Justice and Empowerment, part of the Government of India, has introduced the Swarnima loan scheme for women.

This initiative represents a key step in fostering gender-inclusive economic development, particularly focused on supporting women entrepreneurs nationwide.

Under this initiative, eligible women entrepreneurs can access a financial assistance through a loan of 2,00,000 Rupees. This financial support is intended to facilitate the establishment and expansion of businesses led by women, fostering economic self-sufficiency and sustainability.

Stay with us as we are going to explore Swarima scheme’s eligibility criteria, application process, documentation and benefits.  

Highlights of Swarnima Scheme Empowering Women in Business

Infographic highlighting key features and benefits of Swarnima scheme for women

What is Swarnima Loan Scheme for Women?

As part of a broader strategy to enhance gender equality and financial inclusion, the Swarnima loan scheme for Women aims to empower female entrepreneurs from backward classes by providing financial support in the form of term loan to fulfil their aspirations of becoming entrepreneur.  

Through the National Backward Classes Finance and Development Corporation (NBCFDC) initiative, facilitated by State Channelizing Agencies (SCAs), eligible women can access loans of up to ₹2,00,000 with a modest annual interest rate of five percent.

The aim of this financial support is to facilitate the establishment and expansion of businesses led by women, fostering economic self-sufficiency and sustainability.

A distinctive feature of the Swarnima scheme is the favorable financial terms it offers. The loan comes with a low-interest rate of 5% per year, making it an attractive and accessible option for women seeking to venture into entrepreneurship.

This approach underscores the government’s commitment to not only encourage women in entrepreneurship but also to ensure that the financial burden associated with loans remains minimal, thereby enhancing the viability and success of women-led businesses.

Objectives of Swarnima Loan Scheme

  • Ensure social and financial stability for women entrepreneurs from marginalized communities.
  • Facilitate women in accessing term loans of up to ₹2,00,000/- with a nominal interest rate of 5% per annum.
  • Encourage women entrepreneurs from backward classes to play their role in driving economic progress of the nation.

Advantages of the Swarnima Scheme for Women

The Swarnima Scheme offers various benefits to women entrepreneurs, making it easier for them to start or expand their businesses. Here are some key points:

Flexible Usage: Women who qualify for this scheme can use the loan amount for a variety of purposes, including starting a small business, investing in technical ventures, transportation, artisanal work, agriculture, professional services, traditional enterprises, and service industries.

Subsidy and Low Interest: Under the Swarnima Scheme, eligible women entrepreneurs are entitled to a subsidy of Rs. 2 lakhs with an annual interest rate of just 5%. This makes the financial support more accessible and affordable for women looking to venture into business.

No Personal Investment Required: Unlike some schemes, the beneficiary women are not required to invest any of their own money in the project. The scheme covers the entire cost of projects up to Rs. 2 lakhs, relieving the entrepreneurs from the burden of initial financial contributions.

Also Read: Monetization Scheme for Gold- Features and Benefits

Eligibility Criteria for Swarnima Scheme for Women

Women aspiring to avail loan under Swarnima Scheme must ensure they meet the specified eligibility criteria before applying. Here are the key eligibility requirements:

Gender Requirement: The applicant must be a woman.

Occupational Status: Women must either be employed or self-employed as an employer.

Income Limit: The total annual income of the applicant’s family should be Rs. 3 lakhs or below.

Age Range: The age of the beneficiary should fall within the range of 18 to 55 years (Minimum 18 years and Maximum 55 years).

Backward Class Affiliation: To be eligible for the scheme, the applicant must be a member of a backward class group as notified by the state or central government from time to time.

Adhering to these eligibility criteria ensures that women from backward categories have the opportunity to access the financial assistance under the scheme.

Documents Required for Swarnima Scheme Application

Once you’ve confirmed your eligibility for the Swarnima Scheme, the next step is to gather the necessary documents for a successful application. These documents are crucial in verifying your details and ensuring a smooth process. Here’s what you need:

Permanent Residential Certificate: A document confirming your permanent residence is required. This could be in the form of a residence certificate.

Valid ID Proof: A government-issued identification proof, such as a driver’s license or voter ID card, is essential for verifying your identity.

Aadhar Card: Your Aadhar card, serving as a unique identification document, is mandatory for the application process.

Caste Certificate: To validate your belonging to the backward class category, a caste certificate is necessary. This serves as proof of eligibility for the scheme.

Passport Size Photo: Including a recent passport-size photograph of yourself is required. This helps in identifying the applicant visually.

Ensuring you have all these documents in order will streamline your application process, making it more efficient and increasing the likelihood of a successful outcome. Remember to double-check that all documents are up-to-date and meet the specified requirements before submitting your application.

Application Process for Swarnima Scheme: A Step-by-Step Guide

If you’re an interested and eligible applicant looking to benefit from the Swarnima Scheme, follow these simple instructions to apply for the scheme.

Visit the Nearest SCA Office: Women entrepreneurs who meet the eligibility criteria and wish to avail the loan under the scheme should visit the nearest SCA (State Channelizing Agency) office. To locate the closest SCA office, you can visit the official website at nsfdc.nic.in/channel-patrners

Fill the Application Form: Once at the SCA office, applicants need to fill out an application form with accurate information. It is crucial to provide all the required details, including your work field, specific requirements, and any training needs.

Attach Required Documents: After completing the application form, ensure that you attach all the necessary documents as specified in the eligibility criteria. These documents play a vital role in the verification process.

Submit at the Nearest SCA Office: Submit the filled application form along with the attached documents to the nearest SCA office. This step marks the completion of the application submission process.

Verification Process: A committee will conduct a thorough verification process before approving the loan amount. This ensures that all eligibility criteria are met and that the applicants genuinely qualify for the Swarnima Scheme.

Following these steps diligently will help streamline your application process for the Swarnima Scheme, increasing the chances of a successful application.


The Swarnima loan scheme for women, operating under the National Backward Classes Finance and Development Corporation, opens doors for eligible women to pursue entrepreneurial dreams.

With the support of State Channelizing Agencies, loans up to ₹2,00,000 are made available at a reasonable annual interest rate of five percent. This initiative not only empowers women but also fosters economic self-sufficiency.

By easing financial barriers and promoting inclusivity, the scheme paves the way for diverse businesses. In embracing the entrepreneurial spirit of women, the Swarnima Scheme contributes to a more equitable and prosperous future for female entrepreneurs across the nation.

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