What you get
- It is a microfinance scheme for women with a rebate in interest. Financial Assistance up to the cost of Rs. 1,40,000/- is provided. | - The repayment period is within 3.5 years, in quarterly installments from the date of each disbursement including the moratorium period. | - 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.
Who can apply
Applicant must be between 18 to 55 years of age.; Applicable to Women from low-income families or women who belong to SC/ST/OBC categories as notified by the Central/State Government and whose family income is less than Rupees three lakhs per annum.; Applicable to Women looking to start their own business or engage in income-generating activities.
Required Paperwork
- Aadhaar Card
- PAN Card
- Income Certificate
- Residence Proof (Domicile)
Common Questions
What is Mahila Samriddhi Yojana?
Mahila Samriddhi Yojana is a microfinance scheme offering loans under NBCFDC to women entrepreneurs from below poverty line (BPL) section of the society or backward classes.
Interest Rate per annum chargeable to SCAs and Beneficiaries?
In the case of State Channelizing Agencies (SCAs) it is 1% whereas in case of beneficiaries it is 4%.