“Mahila Samridhi Yojana” is a microfinance scheme that provides loans to women entrepreneurs below the poverty line or from backward classes, with the aim to empower them economically.
Key points of the plan:
- Objective:To empower economically weaker women and help them set up micro enterprises.
- target group:Women below the poverty line (BPL) or from backward classes.
- Loan:Under the scheme, loans are provided to women for small and micro trade/business and miscellaneous income generating activities.
- loan amount:Maximum up to ₹1,00,000.
- Interest Rate:1% for State Channelising Agencies (SCAs) and 4% per annum for beneficiaries.
- Training:Under the scheme, women are given training in sewing, cutting etc.
- Group:Economically weaker women are organised into 15-20 Self Help Groups (SHGs).
- how to apply:For application, special camps are organized every month in the District Office of Women Empowerment.
- What to keep in mind while applying:Fill the application yourself, fill in the correct information, and also coordinate with the concerned bank.