Indira Mahila Shakti Udyam Protsahan Yojana

About This Scheme

The Indira Mahila Shakti Udyam Protsahan Yojana (IMSUPY) is a scheme launched by the Rajasthan government to empower women entrepreneurs by providing them with financial assistance and support. The main objective of the scheme is to ecourage women to start their own businesses and become financially independent. Promote self-employment and reduce unemployment among women in Rajasthan. Support the growth of micro, small, and medium enterprises (MSMEs) led by women.

Eligibility

1. The applicant's age should be 18 years or more. 1. The applicant should be a permanent resident of Rajasthan. 1. The women's self-help group or group of these groups (cluster/ federation) must be registered under any department of the state government and in case of cluster/federation of groups, it will be necessary to be registered under the Cooperative Act as per the rules.

Benefits

> Loan Limit 1. Loan amount of ₹ 50,00,000/- to individual women. 1. Loan amount of Rs 1,00,00,000/- to self-help groups. > Margin Money - A margin money of 25% of the sanctioned loan amount will be provided under the scheme. For women belonging to Scheduled Castes/Tribes, Scheduled Castes, widows, abandoned women, victims of violence and disabled women, the margin money will be 30% of the sanctioned loan amount. - Note: 1. The maximum limit of margin money will be ₹ 15,00,000/-. 1. The applicant's own contribution (5% / 10% of the project proposal) will be considered for margin money. 1. Land value will not be included in the project proposal. The maximum limit of loan amount payable for construction of workshop/building will be up to 20% of the sanctioned amount of the project proposal. 1. The maximum limit of loan for business will be Rs. 10 lakh. Business refers to wholesale or retail purchase-sale of commercial products. > Promotion of collateral security free loans: - As per the guidelines of the Reserve Bank of India, collateral security will not be required for loans up to Rs. 10 lakh. Loans above Rs. 10 lakh can be linked with the Credit Guarantee Trust Fund for Micro and Small Enterprises (CGTMSE). The fee amount will be borne by the beneficiary. If the applicant voluntarily wants to give collateral security on the loan, they can do so.

How to Apply

Where This Comes From

This scheme was sourced from myScheme, the Government of India's official Central+State scheme discovery portal, and reviewed by an editor before publishing. Use the button above to read the full details and apply directly on the official source.