Mahtari Shakti Loan Scheme:Chhattisgarh government has launched a new scheme for the economic empowerment of women. The name of this scheme is ‘Mahtari Shakti Loan Scheme’. Under this scheme, loans up to Rs 25,000 will be given to women of the state. This loan will be available without any guarantee and without much paperwork. The main objective of this initiative is to make women self-reliant and encourage them for self-employment.
This scheme is a part of ‘Mahtari Vandan Yojana’, under which the state government is already giving Rs 1000 every month to women. Now with this new scheme, the government is providing more financial assistance to women. The move is expected to boost the rural economy of Chhattisgarh, as it will help women start small businesses.
Main points of Mahtari Shakti Loan Scheme
| Description | Information |
| name of the scheme | Mahatari Shakti Loan Scheme |
| loan amount | up to Rs 25,000 |
| Eligibility | Women of Chhattisgarh, especially beneficiaries of Mahtari Vandan Yojana |
| Required Documents | Minimum, without guarantee |
| bank | State Rural Bank |
| Objective | Economic empowerment of women and promotion of self-employment |
| launch date | December 2024 |
| number of beneficiaries | About 70 lakh women (potentially) |
Benefits and objectives of the scheme
Mahtari Shakti Loan Scheme has several important benefits and objectives:
- Economic Independence: This scheme will help women to become financially independent.
- Promotion of self-employment: Loan of Rs 25,000 will help women in starting small businesses.
- Development of rural economy: This scheme will increase economic activities in rural areas.
- Simple process: Getting loan without guarantee and less paperwork is the special feature of this scheme.
- Women Empowerment: This scheme will provide women a stronger position in the society.
Eligibility for the scheme
Following are the eligibility conditions for Mahtari Shakti Loan Scheme:
- The applicant should be a resident of Chhattisgarh state.
- It is necessary for the female applicant to have an account in the State Rural Bank.
- Priority will be given to women beneficiaries of Mahtari Vandan Yojana.
- The applicant must be above 18 years of age.
- The applicant will have to submit a small business or self-employment plan.
application process
The application process for Mahtari Shakti Loan Scheme has been kept simple:
- Visit the Bank: Visit your nearest State Gramin Bank branch.
- Fill the form: Fill the application form available in the bank.
- Submit Documents: Submit the required documents like identity card and address proof.
- Present a business plan: Provide a brief plan of your proposed business or self-employment.
- Bank Scrutiny: The bank will scrutinize your application and plan.
- Approval and Disbursement: Once the application is approved, the loan amount will be credited to your account.
use of loan
Loans available under Mahtari Shakti Loan Scheme can be used in the following areas:
- Small Businesses: Like grocery stores, tailoring centres, beauty parlors etc.
- Agriculture related activities: Like gardening, mushroom cultivation, poultry farming etc.
- Handicrafts: Business of local arts and crafts.
- Food Processing: Business of home made food products.
- Service Sector: Like domestic help services, child care centers etc.
impact of the plan
Mahtari Shakti Loan Scheme is expected to have the following impacts in Chhattisgarh:
- Increase in women entrepreneurship: This scheme will increase the number of women entrepreneurs in the state.
- Development of rural economy: Small businesses will increase economic activities in rural areas.
- Poverty alleviation: Self-employment opportunities will help in reducing poverty.
- Social Change: Strengthening the economic status of women will increase their respect in the society.
- Skill Development: This scheme will develop vocational skills among women.
Disclaimer
This article has been written for the purpose of providing information about Mahtari Shakti Loan Scheme. However, it is important to note that the scheme is currently in the proposed stage and has not been officially implemented. The information given in the article is based on common understanding and estimates.
Readers are requested to obtain fresh and accurate information from official sources of Government of Chhattisgarh before taking any action. The actual terms, conditions and benefits of the scheme will become clear only after the government announcement. This article is for informational purposes only and should not be taken as legal or financial advice.
