L&T Finance Launches “Spoorthi” Programme for Women Entrepreneurs

L&T Finance has introduced the new initiative called the “Spoorthi programme” to support women entrepreneurs in India. This scheme will offers flexible loans with extended repayment tenors of up to 25 years for purchasing property or taking Loan Against Property (LAP) for business expansion and working capital needs. Through this programme the NBFC aims to improve access to credit for women-led businesses and strengthen financial inclusion. The Spoorthi programme by L&T Finance will be launched across major metropolitan cities including Mumbai, Delhi NCR Bengaluru and Ahmedabad.

Spoorthi Programme by L&T Finance: Key Features

The Spoorthi programme for women entrepreneurs is designed to provide easier access to finance and more flexible borrowing conditions compared to traditional business loans.

Key highlights of the L&T Finance Spoorthi programme include,

• Extended loan tenure of up to 25 years for property purchase or Loan Against Property (LAP)
• Industrial LAP tenure up to 12 years for business related borrowing
• Higher debt to income ratio eligibility, allowing larger borrowing capacity
• Financing support for business expansion and working capital requirements

These features make the Spoorthi programme for women entrepreneurs a targeted financial solution aimed at supporting women-led enterprises.

Eligibility Criteria for the Spoorthi Programme

To ensure that the benefits reach genuine women entrepreneurs. L&T Finance has set clear eligibility requirements under the Spoorthi programme.

The main eligibility conditions include,

• The woman borrower must manage the business actively
• She must hold at least a 50% ownership stake in non-individual business entities
• Her income should contribute at least 50% of the total assessed income when combined with other borrowers
• In addition, the business must meet certain financial conditions:
• The company must report minimum annual cash profit of ₹5 lakh in the latest Income Tax Return

These conditions ensure the Spoorthi programme by L&T Finance supports stable and growing women-led businesses.

Easier Credit Access for Women Led Businesses

• One of the most important aspects of the Spoorthi programme for women entrepreneurs is its relaxed loan eligibility.
• L&T Finance has reduced the minimum business vintage requirement to just two years for loans up to ₹75 lakh.
• This change allows newer businesses run by women to access credit more easily.

Benefits of this policy include,

• Improved access to capital for emerging women entrepreneurs
• Faster growth opportunities for women-led startups and SMEs
• Increased participation of women in the formal financial ecosystem

Cities Where the Spoorthi Programme Will Launch

The Spoorthi programme for women entrepreneurs will initially be launched in major metropolitan and business hubs in India.

The rollout cities include,

• Mumbai Metropolitan Region (MMR)
• Delhi NCR
• Bengaluru
• Chennai
• Pune
• Ahmedabad
• Kolkata
• Hyderabad

These locations have large concentrations of women-led businesses and startups, making them suitable for the first phase of the programme.

Question

Q. The “Spoorthi programme” launched by L&T Finance is targeted at which group?

A. Startups in agriculture
B. Women entrepreneurs
C. Export companies
D. Government enterprises