Women entrepreneurs face problem in obtaining business loans: Study

Majority of the women entrepreneurs face challenges in availing loan services from nationalised banks, according to a study.

The study was conducted by Bharatiya Yuva Shakti Trust (BYST) and saw the participation of 450 women entrepreneurs from three cities — national capital region, Chennai and Pune. During the study, it was also found that about 60 per cent of these entrepreneurs faced problems in accessing critical financial services.

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“Eighty-five per cent of women entrepreneurs faced challenges in availing loan services from nationalised banks,” the study claimed. It was conducted during the course of a three-year BYST Women Entrepreneurship Development Programme to set up profitable businesses in Chennai, Pune, and Delhi-NCR.

“Public sector banks are happy to welcome loan applications of BYST assisted, under-privileged entrepreneurs who are well-trained…and duly scrutinised by our expert panel before submission to the banks,” Lakshmi Venkataraman Venkatesan, Managing Trustee of BYST, said.