Government Insurance Schemes for Women Entrepreneurs in India (2025 Update)
In India, women entrepreneurs are emerging as strong leaders in business, startups, and self-employment. The government has introduced several insurance and financial protection schemes to support women in their business journey. These initiatives aim to provide security, stability, and risk coverage to women entrepreneurs across sectors like manufacturing, services, agriculture, and small-scale industries.
Let’s explore the top Government Insurance Schemes for Women Entrepreneurs that ensure business growth and financial protection.
1. Pradhan Mantri Suraksha Bima Yojana (PMSBY)
The Pradhan Mantri Suraksha Bima Yojana is a popular accidental insurance scheme available for women entrepreneurs and business owners. It offers financial protection against accidental death or disability.
- Coverage Amount: ₹2 lakh for accidental death or full disability, ₹1 lakh for partial disability.
- Premium: Only ₹12 per year.
- Eligibility: Available to women aged 18 to 70 with a bank account.
- Benefits: Provides security to self-employed women and business owners who travel frequently or work in risk-prone areas.
2. Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)
The PMJJBY provides life insurance coverage to women entrepreneurs and self-employed women. It helps secure the family’s financial future in case of the policyholder’s demise.
- Coverage Amount: ₹2 lakh.
- Premium: ₹330 per year (auto-debited from bank account).
- Eligibility: 18–50 years of age.
- Benefits: Ideal for women managing small businesses or startups as it provides peace of mind and financial stability to their dependents.
3. Stand-Up India Scheme Insurance Support
Under the Stand-Up India Scheme, women entrepreneurs can get loans ranging from ₹10 lakh to ₹1 crore to start or expand businesses. Along with loans, the scheme includes insurance coverage for the business asset, machinery, and project risk.
- Target Group: Women from SC/ST and general categories starting new ventures.
- Insurance Benefits: Covers business assets, working capital, and project risks.
- Additional Support: Credit guarantee coverage to reduce loan repayment burden.
4. Mahila Shakti Yojana (Under NABARD)
This scheme supports women involved in rural entrepreneurship and small-scale industries. NABARD encourages self-help groups (SHGs) by providing insurance-linked microfinance facilities.
- Insurance Coverage: Protects women’s micro-businesses from losses due to natural calamities, theft, or fire.
- Focus Area: Dairy, handicraft, agriculture, and cottage industries.
- Benefits: Financial safety and empowerment for rural businesswomen.
5. Pradhan Mantri MUDRA Yojana (PMMY) – Insurance Benefits
The MUDRA Yojana provides collateral-free loans up to ₹10 lakh to women entrepreneurs under three categories — Shishu, Kishor, and Tarun. Apart from loans, insurance protection is available for borrowers under the Credit Guarantee Fund for Micro Units (CGFMU).
- Coverage: Business loan insurance for protection against defaults and unforeseen events.
- Benefit: Ensures business continuity even during uncertain times.
- Eligibility: Women owning small businesses or startups in any sector.
6. Women Entrepreneurship Platform (WEP) – NITI Aayog Initiative
While not an insurance scheme directly, the Women Entrepreneurship Platform connects women to various insurance, credit, and investment support systems. It helps them access schemes like PMSBY, PMJJBY, and MSME business insurance.
- Benefits: Mentorship, financial literacy, and easy access to insurance partners.
- Goal: To promote safe and insured entrepreneurship among Indian women.
Final Thoughts
The Government Insurance Schemes for Women Entrepreneurs are designed to empower women financially and protect their business dreams from risks. From life and accidental insurance to business loan and asset protection, these schemes provide complete safety nets for women-led enterprises.
By enrolling in schemes like PMSBY, PMJJBY, and MUDRA, women entrepreneurs can ensure financial security and long-term sustainability for their businesses.
Download
