Swarnima

About This Scheme

The scheme "Swarnima by the Department of Social Justice & Special Assistance, Government of Maharashtra, is jointly funded by the National Backward Classes Finance & Development Corporation, New Delhi, and the State Corporation. This scheme provides low-interest loans directly deposited into the bank accounts of female beneficiaries from Other Backward Classes (OBC) to support self-employment activities and enhance financial independence. <br> <br> <br> <br> <br> <br> <br>

Eligibility

1. The applicant should be from the Other Backward Class (OBC) category. 1. The applicant should be a domicile of Maharashtra. 1. The age of the applicant should be between 18 to 50 years. 1. The annual income of the family of the applicant should be - - Rural areas: Less than or equal to ₹98,000. - Urban areas: Less than or equal to ₹1,20,000.

Benefits

- Financial assistance of up to ₹5,00,000/- per Self-Help Group (SHG) project, with ₹25,000 allocated per beneficiary (up to 20 members per SHG). - Funding shares include 95% from the Central Corporation and 5% from the State Corporation. - No beneficiary contribution is required. - Low interest rate of 5% per annum. - Repayment period of up to 3 years to ease financial planning.

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.