AI SummaryMumbai Bank has launched a 0% loan scheme for Ladki Bahin Yojana beneficiaries, offering interest-free loans of up to ₹1 lakh to women enrolled under Mukhyamantri Majhi Ladki Bahin Yojana. Bank rolled out this scheme on 4th September 2025 at its head office in Fort, Mumbai, in the presence of BJP leader Pravin Darekar, who is also the chairman of the bank.
At launch, first 200 women received loans on the spot, and around 5,000 beneficiaries were expected to benefit in the first phase. By March 2026, nearly 6,500 women had received interest-free loans under the pilot itself, and Chief Minister Devendra Fadnavis has announced plans to expand the loan scheme across Maharashtra. Main aim is to let women use their monthly ₹1,500 support from Ladki Bahin Yojana as a base and start small businesses or meet personal needs without worrying about interest.
How to Apply for Ladki Bahin 0% Loan Scheme
Eligible women can apply for this loan scheme through both online and offline modes. Women who are registered under Ladki Bahin Yojana and receive their monthly ₹1,500 through Mumbai Bank accounts can apply for loans from ₹10,000 to ₹1 lakh.
Online Application Process
STEP 1 - Visit the official website of Mumbai Bank and open the loans section on the homepage.
STEP 2 - Click on the section "0% Loan Scheme for Ladki Bahin Beneficiaries" or the Mukhyamantri Majhi Ladki Bahin loan option listed on the page.
STEP 3 - Log in using your Aadhaar-linked mobile number and enter your Ladki Bahin Yojana beneficiary ID where the portal asks for it.
STEP 4 - Fill in your personal details, bank account number, and the loan amount you need. Loans are available from ₹10,000 up to ₹1 lakh.
STEP 5 - Upload scanned copies of Aadhaar, bank passbook, and Ladki Bahin Yojana beneficiary proof.
STEP 6 - Submit the form and note down the application number for tracking.
Offline Process
Offline applications are accepted at Mumbai Bank branches. Beneficiaries can collect the loan form from the nearest branch, fill it up, and submit the required documents directly at the counter.
Eligibility for 0% Loan Scheme
This loan scheme is meant only for women who are already enrolled under Mukhyamantri Majhi Ladki Bahin Yojana and receive the monthly ₹1,500 payment through Mumbai Bank accounts. Women aged 21 to 65 years can apply. Women can also form a group of two, three, or four members and apply together for a higher loan amount.
| Detail | Information |
|---|---|
| Scheme Name | Ladki Bahin 0% Interest Loan Scheme by Mumbai Bank |
| Launched By | Mumbai District Central Cooperative Bank with Women and Child Development Department, Maharashtra |
| Beneficiaries | Women registered under Mukhyamantri Majhi Ladki Bahin Yojana |
| Loan Amount | ₹10,000 to ₹1 lakh at zero interest |
| Application Mode | Online and offline |
| Official Website | mumbaidcc.bank.in |
Benefits of the 0% Loan Scheme
This loan scheme helps Ladki Bahin beneficiaries move from receiving monthly support to running their own small businesses. Here are the main points:
- Loans from ₹10,000 to ₹1 lakh at 0% interest, with no separate EMI burden because repayment is adjusted against the monthly ₹1,500 support.
- Exclusively for women enrolled under Ladki Bahin Yojana, so no extra collateral is required.
- Nearly 6,500 women have already received loans in the pilot phase, and the government plans to expand the scheme across the state.
- Women can use the amount as seed money for small businesses, tailoring shops, grocery stores, or any other income activity.
Recent Updates on Ladki Bahin Yojana
State government has been carrying out a physical verification drive to remove ineligible names after irregularities were found. Despite this, the July installment of ₹1,500 was released on 8th August 2025 for verified women. Beneficiaries can check the latest Ladki Bahin Yojana installment date online to keep track of payments.
State government is also making eKYC for Ladki Bahin Yojana mandatory for beneficiaries to keep receiving the monthly payment. Women should complete the eKYC process and keep their details updated so their name stays on the list and they remain eligible for the 0% loan scheme as well.
FAQ's
Who can apply for the 0% loan scheme by Mumbai Bank?
Only women who are registered under Mukhyamantri Majhi Ladki Bahin Yojana and receive ₹1,500 monthly through Mumbai Bank accounts can apply.
What is the maximum loan amount?
Women can take loans from ₹10,000 up to ₹1 lakh at zero interest.
How can I apply online?
You can apply through the official website of Mumbai Bank, or visit the nearest bank branch for the offline process.
When was the scheme launched?
It was launched on 4th September 2025 at Mumbai Bank's head office in Fort, Mumbai.
Is the loan really interest free?
Yes. The loan is given at 0% interest, and the repayment is adjusted against the monthly ₹1,500 amount the beneficiary receives under Ladki Bahin Yojana.