Entrepreneurs usually require financial assistance of some kind to launch their ventures \u2013 be it a formal bank loan or money from a savings account. Women in developing nations have little access to funds, due to the fact that they are concentrated in poor rural communities with few opportunities to borrow money. Women entrepreneurs suffer from inadequate financial resources and working capital compounded with lack of access to external funds due to their inability to provide tangible security. Very few women have the tangible property in hand.<\/p>\n
Therefore, to provide a boost to aspiring women entrepreneurs and as part of the economic empowerment process for women in the State, the Department is implementing a scheme called\u00a0\u201cPromotion of Women in Innovative Enterprises Programme\u201d<\/em>. This scheme targets women entrepreneurs who are involved in innovative and novel enterprises and are in need of funding to develop and expand their trades. A major objective of the scheme would be not just to further the economic position of the beneficiaries but also to set them as role models for other women to emulate.<\/p>\n Under this scheme, interest-free loan up to Rs. 5.00 lakh is being extended to innovative women entrepreneurs through the Directorate of Women Resource Development after due screening by the Directorate and final selection by the Department Selection Committee.<\/p>\n Objectives of the project<\/strong><\/p>\n Criteria:<\/strong><\/p>\n Procedure for Applying:<\/strong><\/p>\n List of Documents to be submitted by the Applicant<\/strong><\/p>\n a. Proof of Identity (Any one of the following documents)<\/p>\n b. Trade License<\/p>\n c. Birth Certificate<\/p>\n d. Statement of bank account for last six months<\/p>\n e. Statement of the Guarantor (format enclosed)<\/p>\n f. Two passport size photographs of Guarantor<\/p>\n *\u00a0<\/strong>District Women Development Programme Monitoring Committee (DWDPMC) is the Committee set up in all districts under the Chairpersonship of the Deputy Commissioner with representatives of the Department\u2019s PNGOs as members for monitoring and strengthening of district level activities and programmes of the Department.<\/em><\/p>\n Applications shall summarily be rejected in case of failure to produce any of the above documents.<\/em><\/strong><\/p>\n Screening & Selection Process:<\/strong><\/p>\n Loan Disbursement & Recovery:<\/strong><\/p>\n Maintenance of Records:<\/strong><\/p>\n Monitoring of Activities:<\/strong><\/p>\n Re-loaning of Recovered Amount:<\/strong><\/p>\n In the case that the applicant fails to fulfill the repayment schedule, penalty shall be deducted from the salary of the concerned guarantor;<\/p>\n For this purpose, the A.H.O.D\/H.O.D\/D.D.O of the establishment, under which the guarantor is employed, shall authorize the concerned bank to deduct from the salary of the guarantor the penalty amount (i.e. the due monthly installment of the loan of the beneficiary);<\/p>\n A copy of the Authorization Letter shall be endorsed to the Director, Department of Women Development, Nagaland, Kohima;<\/p>\n The penalty thus realized by the bank shall be deposited into a bank account of the Department of Women Development which shall be opened specifically for this scheme.<\/p>\n *It is subjected to fund availability of the Department, which are advertised in the local media from time to time.<\/strong><\/em><\/p>\n","protected":false},"excerpt":{"rendered":" Entrepreneurs usually require financial assistance of some kind to launch their ventures \u2013 be it a formal bank loan or money from a savings account. Women in developing nations have … <\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/dwrd.nagaland.gov.in\/wp-json\/wp\/v2\/posts\/422"}],"collection":[{"href":"https:\/\/dwrd.nagaland.gov.in\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dwrd.nagaland.gov.in\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dwrd.nagaland.gov.in\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/dwrd.nagaland.gov.in\/wp-json\/wp\/v2\/comments?post=422"}],"version-history":[{"count":3,"href":"https:\/\/dwrd.nagaland.gov.in\/wp-json\/wp\/v2\/posts\/422\/revisions"}],"predecessor-version":[{"id":493,"href":"https:\/\/dwrd.nagaland.gov.in\/wp-json\/wp\/v2\/posts\/422\/revisions\/493"}],"wp:attachment":[{"href":"https:\/\/dwrd.nagaland.gov.in\/wp-json\/wp\/v2\/media?parent=422"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dwrd.nagaland.gov.in\/wp-json\/wp\/v2\/categories?post=422"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dwrd.nagaland.gov.in\/wp-json\/wp\/v2\/tags?post=422"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}\n
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