AI SummaryMahatari Shakti Loan Yojana is a Chhattisgarh government scheme that gives collateral-free loans to women who are already getting support under Mahatari Vandan Yojana. Eligible women can get a loan between Rs. 10,000 and Rs. 25,000 to start their own small business or self-employment work.
Finance Minister OP Chaudhary launched this scheme on 30 November 2024. The loan is given without any guarantee or mortgage, so women do not need to pledge any property to get the money. Women and Child Development Department runs the scheme across the state.
Overview of Mahatari Shakti Loan Yojana
Mahatari Shakti Loan Yojana is a loan scheme made for women who are beneficiaries of Mahatari Vandan Yojana. The main aim is to help these women become financially independent by giving them money to start their own work. The loan is fully collateral-free, which means no property or guarantee is needed.
Women between 21 and 50 years of age who are Mahatari Vandan beneficiaries can apply. They must also be registered under Pradhan Mantri Jeevan Jyoti Bima Yojana. The loan has to be repaid over 48 months, and the interest rate is 10%.
Highlights of Mahatari Shakti Loan Yojana
| Detail | Information |
|---|---|
| Scheme Name | Mahatari Shakti Loan Yojana |
| Launched By | Chhattisgarh Government |
| Launch Date | 30 November 2024 |
| Responsible Department | Women and Child Development Department |
| Target Beneficiaries | Women under Mahatari Vandan Yojana |
| Loan Amount | Rs. 10,000 to Rs. 25,000 |
| Interest Rate | 10% |
| Repayment Period | 48 months |
| Application Mode | Visit nearest Chhattisgarh Rajya Grameen Bank branch |
| Official Website | cgwcd.gov.in |
Eligibility Requirements
Only women who meet the conditions given below can apply for the loan under this scheme.
- Applicant must be a permanent resident of Chhattisgarh.
- Applicant must be a beneficiary of Mahatari Vandan Yojana and should have the beneficiary code.
- Age of the applicant must be between 21 years and 50 years.
- Registration under PMadhan Mantri Jeevan Jyoti Bima Yojana is required.
- Applicant must have a bank account, preferably in Chhattisgarh Rajya Grameen Bank.
Benefits of Mahatari Shakti Loan Yojana
The scheme gives women a simple way to get money for their own work without any mortgage or guarantee.
- Collateral-free loan up to Rs. 25,000 is given without any guarantee or property.
- Loan amount ranges from Rs. 10,000 to Rs. 25,000 for eligible women.
- Interest rate is fixed at 10% and the repayment period is 48 months.
- Women can use the money to start any self-employment activity or small business.
- Women continue to get Rs. 1,000 monthly support under Mahatari Vandan Yojana while repaying the loan.
Necessary Documents
Applicants need to keep the following documents ready before applying for the loan.
- Aadhaar Card
- Mahatari Vandan Yojana beneficiary code
- Mobile number linked with the bank account
- Passport-size photo of the applicant
- Bank account details
How to Apply for Mahatari Shakti Loan Yojana
STEP 1 - Visit the nearest Chhattisgarh Rajya Grameen Bank branch and collect the Mahatari Shakti Loan application form free of cost.
STEP 2 - Fill the application form correctly and enter the Mahatari Vandan Yojana beneficiary code in the given field.
STEP 3 - Attach all the required documents, including Aadhaar card, photo, and bank account details, with the form.
STEP 4 - Submit the completed form and documents in the same bank branch of your village or area.
STEP 5 - Bank officials will check and verify the application. Once approved, the loan amount up to Rs. 25,000 will be credited directly to your bank account.
Frequently Asked Questions (FAQ's)
Who can apply for the Mahatari Shakti Loan Yojana?
Women who are beneficiaries of Mahatari Vandan Yojana, are residents of Chhattisgarh, and are between 21 and 50 years of age can apply.
What is the loan amount under this scheme?
Eligible women can get a loan between Rs. 10,000 and Rs. 25,000.
Is any guarantee or property needed for the loan?
No, the loan is completely collateral-free and does not require any mortgage or guarantee.
What is the interest rate on the loan?
The interest rate is 10% and the loan has to be repaid over 48 months.
Where can women get the application form?
The application form is available free of cost at any Chhattisgarh Rajya Grameen Bank branch.
Can women still get Rs. 1,000 monthly support while repaying the loan?
Yes, women continue to receive Rs. 1,000 monthly support under Mahatari Vandan Yojana during the loan repayment period.
For more details, visit the Women and Child Development Department website or call the helpline number 18002332300. You can also check the full list of Chhattisgarh government schemes.