{"id":8573,"date":"2022-07-25T01:29:13","date_gmt":"2022-07-24T19:59:13","guid":{"rendered":"https:\/\/aayushbhaskar.com\/?p=8573"},"modified":"2022-07-25T18:45:19","modified_gmt":"2022-07-25T13:15:19","slug":"mahila-money","status":"publish","type":"post","link":"https:\/\/aayushbhaskar.com\/mahila-money\/","title":{"rendered":"Mahila Money Review: Loans & Medical Support For Women","gt_translate_keys":[{"key":"rendered","format":"text"}]},"content":{"rendered":"

Mahila Money<\/a> is a fintech platform that gives collateral-free loans to Indian women.<\/p>\n

It helps in the empowerment of women and allows them to start their own businesses with ease.<\/p>\n

We will be reviewing the platform briefly and discussing whether it is a good pick for the businesswomen of the country or not?<\/p>\n

Let\u2019s get started.<\/p>\n

What Is Mahila Money?<\/h2>\n

\"Mahila<\/p>\n

Mahila Money offers multiple services focused solely on the females of the country. From giving business loans to conducting wellness programs, Mahila Money has a lot of features.<\/p>\n

You can apply for a prepaid card, join expert sessions on business for women entrepreneurs and get to interact with thousands of talented women of the community.<\/p>\n

You can even set different financial goals on the app and Mahila Money will assist you in achieving those goals.<\/p>\n

Let\u2019s briefly discuss the app’s features in the next section.<\/p>\n

Founder\u2019s Mission<\/span><\/h2>\n

Mahila Money was founded in 2021 by Sairee Chahal along with its two co-founders, Vaibhav Kathju and Siddhika Agarwal.<\/p>\n

The main purpose, as we know by now, was to uplift the women entrepreneurs of the nation. Sairee Chahal, who is the founder of Sheroes, has a network of over 25 million women entrepreneurs. Now, with Mahila Money\u2019s community, she aims to connect over 100 million women entrepreneurs who want to run their own businesses.<\/p>\n

According to her, this is not for women living in rural areas, farmers or artisans. Instead, it targets the women who do not enjoy the benefits of microfinance.<\/p>\n

With Mahila Money, the founders have a clear vision of connecting all the women entrepreneurs of the nation. This will not only help them meet like-minded people but will also guide them on the right path.<\/p>\n

Similarly, they aim to bridge the gap between talented women’s resources and sharp-business minds by giving them collateral-free loans, which helps them in scaling their businesses.<\/p>\n

Features Of Mahila Money<\/h2>\n

It is safe to say that Mahila Money is a complete package for women. Let\u2019s break down all of these features and review them.<\/p>\n

1. Mahila Money Loan<\/h3>\n

\"Mahila<\/p>\n

The best and the most widely used feature, the Mahila Money Loan, helps women start their own businesses.<\/p>\n

The best part of this loan is the 100% paperless process and the no-collateral policy, which gives a sense of security.<\/p>\n

You can easily avail of a loan of up to Rs.5 lakhs on your own merit, without your partner’s or your father’s signature.<\/p>\n

There is no co-guarantor needed to sanction this loan, and you get the amount directly into your bank account without going anywhere physically.<\/p>\n

The processing fee is 2%, and the interest rates are reduced by 20% per annum.<\/p>\n

2. MM Medic<\/h3>\n

\"MM<\/p>\n

An easy way to book a medical appointment in your own house, MM Medic offers great medical services to its users at a very affordable price.<\/p>\n

It is a quick 2-minute procedure of onboarding, and it requires no lengthy paperwork.<\/p>\n

Book a blood\/ urine test from your house and even consult a gynecologist after booking an appointment from the helpline number.<\/p>\n

Get all this at just Rs.94, valid for the entire year.<\/p>\n

3. Prepaid Visa Card<\/h3>\n

\"Prepaid<\/p>\n

Mahila Money also offers an exclusive Visa Card that the women can use easily to shop anywhere online.<\/p>\n

There is no need for a bank account prior to applying for this card. You can top up the card up to Rs.10,000.<\/p>\n

The best part about this?<\/p>\n

It is a zero-balance card. So, you don\u2019t need to worry about keeping a dedicated fund for your card. You also get to enjoy over 200 offers on this card.<\/p>\n

4. Dedicated Community For Women<\/h3>\n

\"Mahila<\/p>\n

With Mahila Money, you get to learn a lot from the country’s experienced and successful women entrepreneurs.<\/p>\n

Talk with these professionals in Mahila Money\u2019s exclusive community. The most valuable topics in this community comprise business, money, and many other mandatory topics.<\/p>\n

5. Setting Goals<\/h3>\n

Whether you want to buy a scooter or a new mobile phone, Mahila Money lets you make goal-based savings through valuable tips on money, business, and learning resources that help you achieve your goals faster and more efficiently.<\/p>\n

Why Mahila Money?<\/h2>\n

Mahila Money is developed to empower the women of the country. As per reports, less than 10% of the women in the country are working. This shows the backwardness of our community.<\/p>\n

The major reason behind this number is the high illiteracy rate and women’s dependency on their husbands. It is necessary to bring a change and deliver such products to the community, which is targeted especially to women.<\/p>\n

Let\u2019s check out why Mahila Money is a game-changer for the women entrepreneur of the country.<\/p>\n

1. Gives Vast Opportunities To Women<\/h3>\n

Mahila Money gives tons of opportunities to women. From giving collateral-free loans to prepaid Visa cards, it does offer extensive merits to women.<\/p>\n

They can easily ask for expert advice, book sessions with professionals, and easily pay off their loans with Mahila Money\u2019s attractive offers. Overall, it is a complete package for every woman who wants to do her own business.<\/p>\n

2. Medical Assistance<\/h3>\n

We all know how our Mother used to take care of us whenever we used to get sick. But what about the time when she got sick herself?<\/p>\n

It is very common for women to have multiple health issues in their life because of negligence and continuous hard work. This is where Mahila Money comes in.<\/p>\n

It allows a medical package to the women at a very cheap and affordable price. This means that now a woman can get herself tested in the comfort of her house, that too without spending a lot.<\/p>\n

3. Removing Dependency<\/h3>\n

We\u2019ve all seen this a lot in our country. Most women are still dependent on their partners for money. We are not talking about just earning it but also spending it.<\/p>\n

On the one hand, where a man has multiple bank accounts, the woman of the house is still dependent on buying even the basic items for herself.<\/p>\n

Mahila Money removes this barrier by giving zero-balance Visa Cards to women.<\/p>\n

Now, you can use this card to make transactions online and even 200+ offers.<\/p>\n

4. Giving The Right Vision<\/h3>\n

We all talk about exposure in career growth and how much it is important to interact with professionals who can show us the right direction.<\/p>\n

However, with the majority of the population of the country still living in the rural areas, women continue staying back in their houses.<\/p>\n

Mahila Money\u2019s exclusive community for women helps them get a lot of exposure while sitting in their homes. With so many experts on the platform, it gets really valuable for the users to utilize their knowledge and wisdom.<\/p>\n

All this eventually leads to giving the users a vision about how big they can get in their careers, keeping in mind the endless opportunities available through the internet.<\/p>\n

Pros<\/h2>\n