Women-led business enterprises in India play a significant role in society, inspiring others and boosting employment opportunities. Owing to that, the Government of India has rolled out several plans for the sustainable growth of women entrepreneurs.
Further, financial lenders offer women entrepreneurs loan to finance their various needs. However, to start a business from scratch, women must get hold of some business ideas. Here is a list of such ideas that can assist a woman in her entrepreneurial journey.
6 business ideas for women entrepreneurs in India
Fashion designing
Women looking to find their business niche can utilise their creative ideas and contribute to the fashion world. They can open a boutique for starters, eventually growing with more ideas and funds.
To that cause, women entrepreneurs can use collateral free loans, such as business loans, to upscale their business. They can also buy clothes from various brands and start a unique collection as a brand shop.
E-commerce store
Jewellery or make-up enthusiast women can gain knowledge about their products and sell them online. These products can be handcrafted and customised for several uses. Further, one can sell these items from their home, making it ideal for working mothers.
In addition, procuring raw materials for the products or expanding the business further is convenient through business loans. Lenders offer high-value loan amounts at lower interest rates making the business funding process affordable.
Catering or bakery business
With health concerns across India, more individuals are choosing home-cooked food over restaurants. Women can utilise this opportunity and open catering businesses. This business has the potential to grow in few days given the current situation.
Further, they can take up baking skills and deliver birthday cakes, cookies, and muffins. A small business loan for women entrepreneurs can finance their several needs and help them in boosting their business.
E-tuition classes
Women looking for the best business ideas in India can choose to offer e-tuition classes. In this way, they will not only gain financial independence but also utilise their educational skills.
Additionally, this line of business does not require an initial investment. However, one may require sufficient funds to spread the news, make advertisements, and follow other branding techniques. This demand can be conveniently financed by opting for a small business loan.
Freelance writing
A woman who is passionate about writing can choose to be a freelance content writer. They can either work from home or set up a small office space by hiring more writers. To do so, women entrepreneurs need to know about financing their business.
Alternatively, they can become an online blogger by creating their website and drive more traffic.
Dietician or nutritionist
With the rising health concerns, Indian citizens are seeking health advice from experts both online and offline. Women entrepreneurs can make use of this opportunity and provide online or offline advice to individuals.
Further, they can draft a diet chart or workout chart that will enable an individual to lead a healthy life. Women entrepreneurs looking to fund their businesses can avail a business loan. Reputed lending institutions provide pre-approved offers along with the high-quantum loan amount for a hassle-free application process. Also, you can check your pre-approved offers by entering basic details like name and phone number.
Apart from gaining these business ideas, one must also be aware of the features of a business loan for women entrepreneurs.
Features of business loans for women entrepreneurs
Women can utilise the funds generated from their customised business loans to finance several business expenses. This customised loan will allow their business to scale new heights of profitability.
Here is a list of features of such customised loans:
- Flexi loan facility: Women borrowers can withdraw amounts at any time from a pre-sanctioned credit limit as per their needs. With the Flexi loan facility, one needs to pay interest only on the withdrawn funds and not on the total principal. This allows women borrowers to lower their monthly instalments.
- Unsecured loans: Start-up businesses in India requires a regular cash flow for their sustenance. To that cause, women entrepreneurs boost up their business productivity by utilising valuable assets. Therefore, pledging these assets for collateral can hinder their daily production and disrupt the cash flow. Hence, choosing an unsecured loan like a business loan is ideal because it does not require collateral.
Apart from this, a business loan for women entrepreneurs come with other features like easy eligibility, minimal documentation, fast processing, and more. However, before planning to gather funds, one must go through the above section to gain few business ideas.
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