Minority Women Grants

Government grants for minority women are one of the best endeavors by the federal government, corporate America and religious organizations etc. to foster the economical growth of minority women.Financial assistance to the minority women, is an important element that is shaping the dynamics of economical and financial markets in the United States. Every year billions and billions of dollars are allotted as a free grant money for the various minorities in the United States of America. For example, there are grants for the African-Americans, Hispanics, Jewish Americans, Asian minorities (less prominent), disadvantaged group minority grants and native American minority grants. Apply Grants Today!!


It is sad fact that every year, many free grants schemes go unclaimed and there are hardly any women to apply for them. This owes to the fact that there is a lot of unawareness about the laws and a general misconception that the process of getting the grants is very difficult and time-consuming. However, the process is simple and even the government takes interest in granting monetary help to the privileged and deserving women. The important fact to know, is that unlike loans, grants need not be repaid to the government.

For Single Mothers

It's a startling and to some extent a sad fact, that there are nearly 13 million single parents in the United States and 84% of them are single mothers (according to a survey released in 2007). In order to help and raise the social and economic status of the single mothers, there are many grants for single mothers. There are some single mothers, who became mothers at a very young age and so they were compelled to drop the college education. It may be either due to financial problems or social repercussions.

The government understands the challenges underlying the safe, secure and healthy upbringing of the child, that is raised without a father and so it has made provisions for the allotment of grants for single women. The 'Free Application for Federal Student Aid', commonly known as the FAFSA, is chiefly responsible for grants and aids to the minority women and single mothers. The government offers grants to the women and single mothers who live in unsafe areas, to purchase and own houses in more secure and safe places. The federal and state governments offer grants for this, at subsidized rates. The government also offers money for the moms, who are willing to start their own businesses and become entrepreneurs. It is to be remembered that the government has enough grants in order to support the single mothers and their children, so that they can come out of high risk situations that may affect their life.

For Starting Business

If you are a woman and also a minority, then there are millions of dollars waiting for you, as an aid to start your own business or small enterprises. You can check out in your city and locality, about the number of women that have started their own businesses and achieved success. Once you are aware about the business competition that prevails in your city and area, you can plan out your own plan and approach the authorized government officers for the grant. There are many government grants to start a small business. For applying for small business loans and grants, you must be able to write an effective proposal letter. This can help you to convey your exact business plans and prove that you have a purpose behind it, i.e. to empower yourself and your family.

Grants for women and minorities can be availed by approaching women organizations, non-profit organizations and by searching on the net. By talking to your friends, personal lawyers and women activists in the area, you can get more information about the entire process and help your dreams come true. Grants for minority woman is a step taken by the federal government and other organizations, to realize the true essence of democracy and help to form a society that promotes equal growth opportunities for all, irrespective of the gender.

By Kundan Pandey Source - buzzle.com


Thursday 21 June 2012

Minority Women Business Grants

Minority Women Business Grants

Nowadays, there are many government and private entities who offer minority women business grants to start their own businesses...If women decide on starting their own businesses, they normally approach their friends or relatives for loans, or try to obtain commercial loans from banks. For women falling in the minority category such as Asian, Spanish-American, or African-American who want to start businesses, there is a special benefit set aside known as minority women business grants.

Applying for Free Grant Money

Basically, a grant is a loan which is given by the granter to the receiver free of the need to repay. This simply means that if you receive any kind of grant, it is not necessary for you to repay it back again to the granter. You can use up all the money for the purpose you had applied the grant for. It is kind of free money or free gift to the needy, that are normally provided by various non-profit institutions and other businesses, with the federal government grants being the major lender. Apart from federal government grants, individual states and regional authorities also have their own set of grants to be offered to women from the minority class.

Difference Between a Loan and a Grant

A loan is where you have to pay back the amount to the lender with due interest. Whereas, a grant is free, and there is no need for repayment. One more point to note is that, you are eligible for business loans only after the lenders are convinced with your credit status. While in the case of grants, your credit history is not checked, since there is no need for repayment. On the downside, the grant obtaining process can be more complicated than of loans. Unlike loans, grants to be offered are limited in numbers, therefore due to a huge number of applicants, there can be only few who can receive this free money.

Obtaining Minority Women Business Grants

As grants are limited, you need to do some preparations for increasing your chances of obtaining the grants. For bettering your chances of receiving minority grants, you most importantly need to devise a business plan according to the business you are thinking of setting up. The chances of you being unsuccessful in obtaining the grants are high if you do not have a proper business plan which will assure the granters that the funds are going to be used for a good purpose. In preparing a good business plan, you can take help from business writing professionals or consultants.

With a sound business plan proposal, there also might be further requirements to be eligible for receiving the grants. Such requirements are usually industry specific. There are some women grant schemes which provide grants to women only from a specified work sector. Coming to how much money can be obtained in these repayment-free minority business loans, grants can include financial aid ranging from $1,000 to $25,000. This money can be used for the purpose of starting a new business altogether, expanding current business, or executing other business growth strategies.

The main key to succeed in getting grants is preparing a proper business plan. You can check the government's website for any information regarding the eligibility criteria of obtaining federal government grants. You can also check with several non-profit business organizations or women welfare societies in your locality if they are offering any grants.



Visit to: http://minoritygrantmoney.blogspot.com/


Source: http://minority-grantmoney.blogspot.in/


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