This is a micro-financing programme aiming towards the empowerment of women from underprivileged backgrounds or economically backward areas. Through this scheme, these women can apply for a loan at a nominal interest rate to fulfil their dreams and goals and gain financial independence.
This is a micro-financing programme aiming towards the empowerment of women from underprivileged backgrounds or economically backward areas. Through this scheme, these women can apply for a loan at a nominal interest rate to fulfil their dreams and goals and gain financial independence.
Mahila Samridhi Yojana (MSY) is a scheme aimed to benefit women entrepreneurs from backward backgrounds or poor backgrounds. The scheme was launched as part of the National Backward Classes Finance and Development Corporation (NBCFDC) under the Ministry of Social Justice and Empowerment. Under this scheme, the Corporation bears the training cost and stipend for training that is provided to groups of about 20 women, in suitable craft activities. The group is formed into a SHG and after the training, micro-credit is provided. This scheme is being implemented by a wide range of channel partners nationwide. Targeted women beneficiaries are identified and given loans either directly or in the form of Self-Help Groups (SHGs). The two main targeted beneficiaries are:
1. Self-help groups (SHGs): It aims to strengthen and assist SHGs, particularly those that include women. These people make up the autonomous, economically disadvantaged category. 1. Women belonging to economically and socially backward classes (targeted groups): Women from the underprivileged classes are considered, particularly those who fall under the SC or ST category.
Objectives of Mahila Samridhi Yojana
1. To encourage women belonging to minority groups from rural regions and underprivileged classes to adopt an entrepreneurial attitude.
1. To help these women meet their entrepreneurial goals by providing microfinance loans at lower interest rates.
1. To encourage women from scheduled castes or scheduled tribes or any other minority populations to pursue their aspirations.
1. To encourage women to overcome social stigma and gain financial independence.
1. To assist women who are unable to establish their own businesses or careers owing to a lack of financial assistance.
1. It is also a Micro Finance Scheme for women with rebate in interest.
1. It is a microfinance scheme for women with a rebate in interest. Financial Assistance up to the cost of ₹1,40,000/- is provided.
1. The repayment period is within 3.5 years, in quarterly installments from the date of each disbursement including the moratorium period.
1. On repayment of loans under MSY, through the concerned State Channelizing Agencies (SCA), the eligible beneficiaries can avail of any loan under the NSFDC scheme.
<br>
Step 1: Online application
1. Visit the official website of NSFDC or your state government portal to apply. 1. Download the Mahila Samridhi Yojana application form. 1. Fill up the application form carefully and provide the necessary details, such as your age, name, contact information, required amount, etc. 1. Submit the form along with the required documents. 1. NSFDC provides loans to the eligible target group under its schemes through its Channel Partners. 1. The loan applications are to be submitted by the eligible target group (Scheduled Castes persons having annual family income up to Rs. 3.00 lakhs ) to the District Offices of State Channelizing Agencies (SCAs). 1. The District Offices of SCAs/CAs forward these applications, after scrutiny, to their Head Offices. 1. Eligible target group can also submit their loan application to other Channelizing Agencies of NSFDC such as Regional Rural Banks/ Public Sector Banks/ NBFC-MFIs etc. with whom NSFDC has signed Memorandum of Agreements. 1. After acceptance of the terms and conditions of the sanction and fulfillment of Prudential Norms, as applicable, funds are disbursed to the SCAs/ RRBs/ Nationalized Bank for onward disbursement to the beneficiaries. 1. The disbursement of funds is made by NSFDC on receipt of demand from the SCAs/ RRBs/ Public Sector Banks/ NBFC MFIs. 1. The loans are to be repaid by the beneficiaries as per the repayment schedule stipulated by the SCAs/CAs.
The scheme is administered by the Ministry of Social Justice and Empowerment through the National Scheduled Castes Finance and Development Corporation. <br>
The scheme mainly targets: Women belonging to SC/ST/OBC and other backward classes, Women from low-income families, Women Self-Help Groups (SHGs). <br>
Eligible beneficiaries can receive financial assistance up to ₹1,40,000. <br>
The repayment period is up to 3.5 years in quarterly installments, including the moratorium period. <br>
No. The scheme benefits both individual women entrepreneurs and women organized into SHGs. <br>
Applicants must be between 18 and 55 years of age. <br>
The annual family income of the applicant should be less than ₹3 lakh per annum. <br>
The scheme supports small businesses, self-employment ventures, craft activities, and other income-generating activities. <br>
Applications can be submitted to District Offices of State Channelizing Agencies (SCAs), Regional Rural Banks (RRBs), Public Sector Banks, or other channel partners associated with NSFDC. <br>
Document needed to submit: Aadhaar Card, Identity proof, Address proof, Income certificate, Bank account details, Passport-size photographs, SHG membership ID (if applicable), Caste certificate (if applicable). <br> <br>
Yes. Training is provided to groups of women in suitable craft and entrepreneurial activities, and the Corporation bears the training cost and stipend. <br>
Yes. Beneficiaries who successfully repay loans under MSY through SCAs may become eligible for other loan schemes of National Scheduled Castes Finance and Development Corporation. <br>
Applications are accepted only on the official government portal.
Open Official WebsiteThe Union Territory of Lakshadweep has implemented the scheme “25% Capital Investment Subsidy” to provide financial assistance to local entrepreneurs for promoting Micro and small Enterprises in Lakshadweep.
The "40% subsidy on Hank Yarn, Dyes & Chemicals Scheme" is a Subsidy Scheme by the Dept. of Handlooms & Textiles, Govt. of Andhra Pradesh. The assistance will be in the form of Grant from the State Govt. The subsidy will be available only on purchases / procurements from NHDC & APCO.
The scheme aims to reduce financial stress for ST students pursuing foreign education by providing up to ₹1,50,000 subsidy on interest for 3 years.
The scheme aims to promote self-employment among scheduled tribe (ST) individuals by making business loans affordable. Under this scheme, ST beneficiaries availing loans for self-employment are provided a interest subsidy to reduce financial burden and encourage entrepreneurship.
The scheme aims to support Scheduled Tribe (ST) individuals in purchasing vehicles for self-employment purposes. Under this scheme, tribal beneficiaries availing bank loans for vehicle purchase with interest subsidy. This financial support helps reduce the repayment burden on tribal entrepreneurs.
"ARAVANAIPPU", a scheme by the Dept of Women and Child Development, Govt of Puducherry aims to improve the status of the girl child and provide nutritious food; financial assistance of ₹1200 is offered to lactating mothers. The girl child of the applicant should be born after 1-4-2005.