Mission Shakti Loan Scheme the government of Odisha launched the Odisha Mission Shakti 2024 program with the goal of empowering women by providing them with services and financial support. Through institutional financing for sustainable livelihoods, the initiative gives women access to self-help groups and federations. In addition to helping women develop their financial capabilities, this financial inclusion project increases their self-confidence.
Mission Shakti Loan Scheme 2024
Chief Minister Naveen Patnaik launched the Mission Shakti credit activity at a ceremony in Bhubaneswar’s Lok Seva Bhavan Tradition Middle. Beneath this conspire, qualified ladies can get interest-free advances of up to Rs 10 lakh, together with help within the shape of jackets and regalia. This activity points to enable 70 lakh ladies in Odisha’s self-help bunches (SHGs), giving them budgetary quality through interest-free credits.
Moms presently have improved budgetary capabilities and a more grounded hold on their financial well-being due to this credit program. The SHGs have been apportioned a add up to credit sum of Rs 15,000 crore for the current year, with an extra Rs 75,000 crore over the another five a long time.
The Odisha Mission Shakti Conspire, presented by the state government on Walk 8, 2001, offers budgetary help to ladies who effectively take part in self-help organizations and leagues. Through the 2024 mission, ladies will pick up get to to budgetary educate, getting organization credit for seeking after self-employment through their self-help bunches. The program includes different shapes of monetary help, such as seed cash, Mission Shakti advances, and spinning reserves.
Mission Shakti Loan Scheme Details in Highlights
| Scheme | Mission Shakti Loan Scheme Odisha |
| Launched by | Odisha government |
| Launched on | 27th of February 2024 |
| Introduced at | Lok Seva Bhavan Convention Centre in Bhubaneswar |
| Objective | To provide interest-free loan |
| Benefits | Interest-free loans up to Rs 10 lakh for SHGs in Odisha |
| Beneficiaries | SHGs women |
| State | Odisha |
| Official Website | Click Here |
Objectives of Mission Shakti Loan Scheme Odisha
The government has received Rs 8,000 crore in business aid from the Mission Shakti Maa. Currently, women work with the Odisha government on a number of programs and have a significant impact on the state’s future. Mission Shakti Ma’s outstanding work is now being recognized both domestically and internationally.
The initial step for SHG women into the corporate sphere is represented by their conversion into SMEs, or small and medium-sized firms. To support this change, blazers and uniforms received a significant allocation of funds totaling Rs 730 crore.
Benefits of Mission Shakti Loan Scheme Odisha 2024
- Self-help group women are taking part in exposure tours to Singapore and Dubai.
- The Chief Minister believes that more women will be traveling abroad for these kinds of trips in the future.
- Former participants in self-help groups have moved smoothly into corporate and entrepreneurial careers.
- A budget of Rs 730 crore has been set aside to give uniforms and blazers to 1.5 lakh and 70 lakh SHG members in the state, respectively.
- A direct interest subvention of Rs 145 crore has been deposited into the bank accounts of more than 2.75 lakh SHGs.
- SHG women are transitioning to Small and Medium Enterprises (SME) groups in significant ways, building relationships in the corporate world.
- Over the past few years, interest subvention has allowed SHGs to receive a sizable return of Rs 925 crore.
Documents Required Mission Shakti Loan Scheme
- Aadhar Card
- PAN Card
- Mobile number
- Email ID
Eligibility Criteria for Mission Shakti Loan Scheme
- You should belong to a recognized Self-Help Group.
- The plot usually aims to provide financial and social support for women.
- You should typically reside in the region or state in which the story is set.
- Make a meaningful connection and show interest in Mission Shakti events and initiatives.
- Individuals who have demonstrated financial difficulties and want to advance in their career may receive special consideration.
- Observe program guidelines, attend planning sessions, and fulfill other requirements.
How to Apply Online for the 2024 Mission Shakti Loan Program?
- Visit the program’s Official website.
- Choose the Apply option from the home screen.
- A new page will appear; carefully fill in all the requested information.
- Upload the required files.
- Select the Submit option.
- For future use, save the application in PDF format.
Mission Shakti Loan Scheme FAQs
1.What is Mission Shakti Loan Scheme?
It’s a government program offering interest-free loans to women in Self-Help Groups (SHGs) for boosting their businesses and livelihoods.
2.Who can get the loan?
Women who are active members of SHGs, keen on improving their livelihoods, and following program guidelines.
3.How do I apply for the loan?
Visit local government offices or check online for application details. You may need to submit required documents.
4.How much money can I get?
Loan amounts vary. The scheme typically provides interest-free loans based on your financial needs and goals.
5.Can men apply for the loan?
The focus is usually on empowering women, but check with local authorities for specific details.
Conclusion
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