Mahila Samriddhi Yojana (for women only) GNTDNT

About This Scheme

The scheme "Mahila Samriddhi Yojana" by the Social Justice and Empowerment Department, Government of Gujarat, aims to create a microfinance scheme for women of target groups and women entrepreneurs doing independent business to create self-employment for women of nomadic and denotified castes. Under this scheme, women beneficiaries will be able to pursue a business/occupation of their choice. Gujarat Nomadic and Denotified Castes Development Corporation implement the scheme.

Eligibility

1. The applicant must be a woman from a Nomadic or Denotified Caste. 1. The annual income limit of the family for income eligibility will be up to ₹3,00,000/- with effect from 1/4/2018. At least 50 percent of the total loan amount will be allocated for families having an annual income of up to ₹1,50,000/-. 1. The applicant's age should be at least 21 years and not more than 50 years as on the date of application. 1. The applicant must have experience in a technical and skilled trade/business. 1. The applicant will have to provide suitable collateral to get the loan.

Benefits

1. The maximum loan limit will be up to ₹1,25,000/-. 1. The interest rate will be 4% per annum. 1. Under this scheme, 100% loan of the business/occupation amount is provided. 1. The loan amount will consist of 95% National Corporation contribution, 5% State Government contribution and zero beneficiary contribution. > Repayment: The loan amount will have to be repaid in 48 equal monthly instalments, including interest.

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.