New Delhi: Dena Bank on Monday signed a Memorandum of Understanding (MoU) with the Ministry of Micro, Small and Medium Enterprises (MSME) in India for operating a programme to encourage and assist women entrepreneur.
Under the programme, Trade Related Entrepreneurship Assistance and Development (Tread) Scheme, the bank will provide loans to women through non-government organisation (NGOs) for self-employment ventures by them in any kind of non-farm activity.
The Tread scheme was launched by the Government of India to provide resources and financial assistance to women entrepreneur not only in villages but also in urban areas.
It envisages economic empowerment of women through trade related training, information and counseling extension activities related to trades, products and services, the MSME said.
The scheme provides for grants up to 30 per cent of the total project cost released to financial institutions who become partners in implementation of the scheme.