What Is Bharatiya Mahila Bank Business Loan? Learn About Its Schemes, Benefits, & How To Apply?

The lack of financing options has hindered women entrepreneurs in India. The purpose of establishing Bharatiya Mahila Bank (BMB) in 2013 is to aid women’s financial growth and self-reliance. Designed exclusively for women, BMB offered targeted loans that helped countless women kick-start and expand their businesses. The scheme offered by BMB Business Loan, which has now been assimilated into the State Bank of India, is still preferred as ga overnment business loan for women because of its reliability.

Read More: Top 6 Government Loans to Support Women Entrepreneurs in 2025

What Is Bharatiya Mahila Bank Business Loan?

BMB is India's first women-centric bank, which was set up by the Government of India in 2013. The aim of setting up the bank was to encourage the financial inclusion of women by providing a facility for safe savings, credit, and other services. One of the important initiatives launched by the bank for this purpose is the Mahila Loan Yojana. The scheme was specifically designed to offer low-cost and easily accessible loans to women for business start-ups or expansions.

To fulfil this goal, these loans are offered not only as personal loans but also as government business loans, which do not require rigorous documentation or collateral.

What Are The Benefits Of Bharatiya Mahila Bank Business Loans?

The government BMB loan comes with important highlights customised to support women business owners:

• No security is needed for loans that amount to ₹1 crore or less.

• Interest rates are lower than average, and terms are flexible.

• Both working capital and term loans are available.

• Repayment is easy over up to 7 years.

• Support is provided for diverse business sectors (beauty, food, education, childcare).

• Women-specific service and documentation.

• A part of the efforts to support women financially through special banking services.

How To Apply For Bharatiya Mahila Bank Business Loans?

The procedure for applying for a Bhartiya Mahila Bank Loan (currently available through SBI branches) is straightforward and designed to promote women entrepreneurship.

Step 1: Locate Your Nearest Branch

Although BMB was merged with SBI in 2017, its loan offerings continue via SBI branches under women-oriented schemes.

Step 2: Get the Application Form

Obtain the loan application form from the bank. Complete the following particulars as required:

• Name and Type of Business.

• Owner’s particulars (name, age, ID document).

• Purpose and the total amount of the loan required.

• Proof of income from business, if available.

Step 3: Submit with Documents

You are to affix the relevant documents and submit the form at the closest SBI branch. A loan officer may ask you to come for a brief interview or talk.

Step 4: KYC and Background Verification

Provide your PAN Card, Aadhaar, and other KYC documents. Verification of your background, along with credit checks, will be conducted next.

Step 5: Loan Disbursal

Once approved, the loan amount will be credited to your account. The repayment schedule and EMI details will be discussed clearly.

Read More: The SEHER Credit Education Program

Conclusion

Women can achieve financial freedom through the Bhartiya Mahila Bank business loan. It has positively contributed towards the advancement of women in society. Women's dreams of operating small cafes, opening salons or launching online businesses can be accomplished without the restrictions imposed by a lack of finances.

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