The Mahatari Shakti Loan Yojana is a helpful scheme from the Chhattisgarh government started to support women under the Mahatari Vandan Yojana. This new loan plan helps these women strengthen their finances by giving them loans to start their own small businesses or self-employment ventures.
If you are a woman beneficiary of the Mahatari Vandan Yojana and have an account with the State Rural Bank, you can get a loan ranging from Rs. 10,000 to Rs. 25,000. This money can help you build your own business and become financially independent.
Finance Minister OP Chaudhary highlighted that this scheme plays an important role in increasing women’s financial strength. Out of 70 lakh women enrolled under the Mahatari Vandan Yojana, around 17.5 lakh women with accounts in the State Rural Bank can get this loan. This is a great chance for many women to grow and support themselves.
The scheme was launched with the help of State Rural Bank chief Vinod Arora. It focuses on helping women financially and encouraging them to take part more in the state’s economy.
Overview of Mahatari Shakti Loan Yojana
Mahatari Shakti Loan Yojana is a government scheme for women who already receive Rs. 1,000 every month under the Mahatari Vandan Yojana. It offers loans so these women can start or run their own businesses. The loans range from Rs. 10,000 to Rs. 25,000 and are available through the State Rural Bank.
This scheme helps women become financially independent and improve their money situation. It is a step toward supporting women through economic independence and entrepreneurship.
Summary of Mahatari Shakti Loan Yojana
| Scheme Name | Mahatari Shakti Loan Yojana |
| Started By | BJP-led Chhattisgarh Government |
| Who Can Benefit | Women under Mahatari Vandan Yojana |
| Eligibility | Must have an account in State Rural Bank |
| Loan Amount | Rs. 10,000 to Rs. 25,000 |
| Use of Loan | Start or run self-employment projects |
| Number of Eligible Women | About 17.5 lakh out of 70 lakh beneficiaries |
| Launched By | Finance Minister OP Chaudhary and State Rural Bank Chief Vinod Arora |
| Goal | Support women’s financial strength and independence |
| How to Apply | Details to be announced |
| Official Website | Details to be announced |
Goals of Mahatari Shakti Loan Yojana
- To financially empower women in Chhattisgarh.
- To help women start and grow their own businesses.
- To support beneficiaries of Mahatari Vandan Yojana in becoming independent.
- To increase women’s role in the state’s economic growth.
Who Can Apply for the Loan?
- You must be a female beneficiary of Mahatari Vandan Yojana.
- You should receive Rs. 1,000 every month under Mahatari Vandan Yojana.
- You must have an account in State Rural Bank.
- Loan amounts offered will be between Rs. 10,000 and Rs. 25,000.
Benefits of Mahatari Shakti Loan Yojana
- Provides financial help for women to start their own businesses.
- Loans range from Rs. 10,000 to Rs. 25,000.
- Supports women to become financially independent.
- Encourages entrepreneurship, especially in rural areas.
- Helps 17.5 lakh women with State Rural Bank accounts.
- Strengthens women’s participation in the economy.
- Promotes independence and growth for women beneficiaries.
Loan Details
- Loans available from Rs. 10,000 up to Rs. 25,000.
Documents Needed
- Aadhaar Card
- Proof of Address (like electricity bill)
- Recommendation letter from your Village Sarpanch
Loan Terms and Conditions
- You will pay back the loan in 48 monthly installments over 4 years.
- EMI amount will change each month, so no fixed EMI.
- Interest is charged on the remaining loan amount after each payment.
- Interest rate is at least 7% on the linked loan.
- You must have insurance of Rs. 2,00,000 under the PM Suraksha Bima Yojana, paying Rs. 20 monthly premium.
- You will still get Rs. 1,000 monthly under Mahatari Vandan Yojana.
- Loans are given by Chhattisgarh Rajya Gramin Bank (CRGB), supported by State Bank of India.
How to Apply Online for Mahatari Shakti Loan Yojana 2024-25
Step 1: Make sure you have an account with the State Rural Bank.
Step 2: Get the application form from your nearest bank branch.
Step 3: Submit your documents along with the form.
Step 4: Complete the form and submit it at the bank.
Step 5: Once your eligibility is checked, the loan will be credited to your bank account.
Frequently Asked Questions (FAQs)
Who can apply for the Mahatari Shakti Loan Yojana?
Women under the Mahatari Vandan Yojana with accounts in State Rural Bank are eligible.
What is the loan amount under this scheme?
It is between Rs. 10,000 and Rs. 25,000.
How will I pay back the loan?
You repay the loan over 48 months with no fixed EMI amount.
What is the interest rate on the loan?
A minimum of 7% interest is charged on the remaining loan after each payment.
Which bank gives the loan?
Loans are given by Chhattisgarh Rajya Gramin Bank, supported by State Bank of India.
Take this chance to become financially independent by using the Mahatari Shakti Loan Yojana. If you meet the eligibility, get your documents ready and apply today to start your own business and build a better future.