Business

Loans For Women Engaged In Cottage Industry

By Deep Joshi
Hindustan Times, New Delhi

WWR Article Summary (tl;dr) Steps are being taken to help female entrepreneurs in India get businesses up and running.

Hindustan Times, New Delhi

The government is planning to introduce a loan assistance for women in handicraft and handloom sectors on the lines of a recently launched program for marginal farmers, chief minister Trivendra Singh Rawat said here on Tuesday.

Speaking to reporters on the sidelines of a function, he said Uttarakhand has highly skilled women and women self-help groups engaged in both the sectors.

“We are planning to start a loan [program] for them, so they feel motivated and also become economically independent,” Rawat said after inaugurating the ‘MSME Fortnight’, a [program] aimed to encourage those setting up Micro, Small and Medium Enterprises (MSMEs).

The Rawat government recently launched a [program] under which the poor and marginal farmers are being provided Rs1 lakh loan each at the “minimal” 2% interest rate.

The chief minister also indicated that the rules would soon be relaxed so that those engaged in printing business could get preference in government orders relating to printing works of all kinds.

“Local entrepreneurs engaged in printing business normally charge more from the state government for its printing related orders (compared to those from outside the state),” Rawat said, adding that they “charge more as the raw material needed to run the printing industry is comparatively costlier” in the state.

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