Bank Schemes for Female Entrepreneurs: Oriental Bank of Commerce

Oriental Bank of Commerce

Oriental Bank of Commerce has two schemes designed for self-employed women and those who are keen on setting up a beauty parlour/saloon.

* Scheme for Beauty parlours/boutiques - This scheme aims to promote entrepreneurial spirit among women, and offers loans up to Rs 10 lakh to set up a saloon, boutique, tailoring centre or beauty parlour. The loan amount can be used to meet any expenditure associated with setting up such a center and for daily expenses.

* Scheme for self-employed women - This loan can be utilised to purchase fixed assets to enhance or start a business. The maximum loan amount is limited to Rs 5 lakh, with a repayment period ranging between 5 and 7 years.