Sikkim Government Launches New Scheme to Provide Financial Assistance to Women Entrepreneurs

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Little Known Financial Assistance Programs for Women Entrepreneurs - PayU Blog
Sikkim Government Launches New Scheme to Provide Financial Assistance to Women Entrepreneurs – ONESIKKIM.COM

The Sikkim government has introduced a new scheme aimed at providing financial aid to women entrepreneurs. Known as the “Sikkim Women Entrepreneurship Scheme,” this initiative offers financial assistance of up to ₹5 lakh to women entrepreneurs who are either establishing new ventures or expanding their existing businesses.

The Department of Commerce and Industries is responsible for implementing this scheme. Its main objective is to encourage women’s entrepreneurship in Sikkim and facilitate the establishment of sustainable businesses.

To be eligible for the scheme, women entrepreneurs must be Indian citizens and possess a minimum educational qualification of Class 12. Additionally, they must submit a business plan approved by the Department of Commerce and Industries.

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Sikkim Government Launches New Scheme to Provide Financial Assistance to Women Entrepreneurs – ONESIKKIM.COM

The financial assistance provided under the scheme will be in the form of a loan, which will be repayable over a period of five years. The interest rate for this loan will be 6% per annum.

Interested applicants can obtain the scheme’s application form from the website of the Department of Commerce and Industries. The deadline for submitting the application form is December 31st, 2023.

The launch of the Sikkim Women Entrepreneurship Scheme is a commendable step taken by the state government. It will not only promote women’s entrepreneurship in Sikkim but also assist women entrepreneurs in building sustainable businesses.

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Sikkim Government Launches New Scheme to Provide Financial Assistance to Women Entrepreneurs

Key Highlights of the Scheme:

– Financial assistance of up to ₹5 lakh
– Repayment period of five years
– Interest rate of 6% per annum
– Online availability of application form
– Application deadline: December 31st, 2023

This scheme presents an excellent opportunity for women entrepreneurs in Sikkim to initiate or expand their businesses. I encourage all eligible women entrepreneurs to apply for this scheme and leverage this valuable opportunity.

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