L&T Finance Ltd has launched a specialised lending programme called Spoorthi for women entrepreneurs. The initiative offers relaxed eligibility norms and longer repayment periods for selected borrowers. It is designed to improve access to credit for women-led businesses and support both business expansion and personal asset creation.
Key Features of the Programme
- Loan tenors of up to 25 years are available for purchase of house property and Loan Against Property (LAP).
- Industrial LAP tenors can extend up to 12 years.
- The programme includes higher debt-to-income ratios for greater financial flexibility.
- For loans up to ₹75 lakh, the business vintage requirement has been reduced to two years.
Eligibility Conditions
- The woman borrower must be a key person managing the business.
- In non-individual entities, she must hold at least a 50% stake.
- Her income must form at least 50% of the total appraised income when clubbing with other borrowers.
- The business must show annual cash profit of at least ₹5 lakh as per the latest Income Tax Return.
- The business must not have incurred a net loss in the last two years.
Initial Rollout and Target Markets
Spoorthi will first be introduced in major metropolitan centres. These include Mumbai MMR, Delhi NCR, Bengaluru, Chennai, Pune, Ahmedabad, Kolkata and Hyderabad. The rollout indicates a focus on urban women entrepreneurs with established or growing business profiles.
Significance for Women-Led Enterprises
The programme seeks to address a key gap in formal credit access for women entrepreneurs. By offering longer tenures, easier eligibility and asset-backed financing, the initiative may help women-led firms scale operations, manage working capital and strengthen financial inclusion. It also reflects the growing role of NBFCs in customised business lending.
Last Modified: April 28, 2026