Financial assistance to minority women is an important element that is shaping the dynamics of the economical and financial markets in the United States. Every year billions of dollars are allotted as free grant money for various minorities in the United States of America. For example, there are grants for African Americans, Hispanics, Jewish Americans, Asian minorities (less prominent), disadvantaged group minority grants, and native American minority grants.
It is a sad fact that, every year, many free grant schemes go unclaimed, and there are hardly any women to apply for them. This is due 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 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 single mothers, there are many grants available. There are some who became mothers at a very young age, and so they were compelled to drop 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 a child raised without a father, and so has made provisions for the allotment of grants for single mothers. The 'Free Application for Federal Student Aid', commonly known as the FAFSA, is chiefly responsible for grants and aids to minority women and single mothers. The government offers grants to 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 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 single mothers and their children, so that they can come out of any high risk situations that may affect their life.
For Starting Business
If you are a woman and belong to a minority, then there are millions of dollars waiting for you as an aid to start your own business or small enterprise. You can check out the number of women that have started their own businesses and achieved success in your city and locality. Once you are aware about the competition that prevails in your city and area, you can chalk out your own plan, and approach 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 Internet. 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.