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CreditMantri Finserve Private Limited Unit No. B2, No 769, Phase-1, Lower Ground Floor, Spencer Plaza, Anna Salai, Chennai - 600002
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The Dena Shakti Scheme is aimed at providing affordable financing to women entrepreneurs involved in a wide range of activities. These activities include both Agriculture based and MSME enterprises.
Dena Bank is a public sector bank established with the aim of increasing economic opportunities for women and paving the way for their economic empowerment. The bank establishes a lending network for female entrepreneurs. Dena Shakti Scheme is a loan that can be used to meet working capital needs or to expand a company.
| S.No. | Type | Loan Details |
|---|---|---|
1. | Interest Rate | 0.25% below base rates for women entrepreneurs who are majority stakeholders in the company |
2. | Loan Amount for Agriculture | Up to Rs. 20 Lakhs |
3. | Loan Amount for manufacturing, retail trader, or small enterprises (Direct and Indirect Finance) | Up to Rs. 20 Lakhs |
4. | Loan Amount for Retail Trader and micro-credit. | Up to Rs. 50,000 under micro-credit schemes. |
5. | Loan Tenure | Up to 7 years |
6. | Processing Fee | 0.50% of the loan amount |
List of activities covered under Dena Shakti Scheme
Amount of Loan offered under Dena Shakti Scheme
The maximum loan amount available to women beneficiaries under this scheme will be determined by RBI directives for various sectors classified as priority sectors. It also contains the Bank's specific schemes that are regularly circulated to branches and offices.
Interest Rate on Dena Shakti Scheme
What is the eligibility criteria to get a loan under the Dena Shakti Scheme?
The Dena Shakti Scheme is open to female entrepreneurs who own more than 50% stake in an enterprise.
Documents required for Dena Shakti Scheme
A CIBIL™ score is a three digit number between 300 and 900 that gives potential lenders a quick idea of your loan
Credit repair involves rebuilding your credit health to a level where you become eligible for loans.
A credit report is a history of your credit behaviour and contains detailed information on all your loan and credit
A credit rating - also known as a credit score - is a 3 digit number between 300-900 that gives potential lenders
A bad credit score is generally one that is less than 650. A credit score is a three digit number in the range of 300-900
Yes. In fact, a credit score of 850 is very good! Most lenders look for a minimum credit score of 750 to approve loans
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Is it possible to obtain a free credit check or credit report? The answer is yes and no!
Your CIBIL™ Score plays an important role in getting loans and credit cards sanctioned, because it gives lenders
It is not possible for anyone, either lenders or borrowers, to get a CIBIL™ score or credit report for free.
It is important to know that there is no such thing as a CIBIL™ defaulter list. There used to be a defaulter list earlier,
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