Mahila Vikas Nigam Loan Yojana

The Ministry of Social Justice and Empowerment under the Himachal Pradesh State Government has launched Mahila Vikas Nigam Loan Yojana for the welfare of the women of its state. The women workforce is growing at a pace influencing the overall economic growth of the company. To support women entrepreneurs and women workforce, the Mahila Vikas Nigam Loan Yojana scheme has been introduced.

Objectives of Mahila Vikas Nigam Yojana

The main objective of the scheme is to encourage women to be self-employed by financing them with subsidized loans.

Features of Mahila Vikas Nigam Yojana:

The scheme provides a complete package for self-employment that includes:

Organizing the poor to form Self Help Groups(SHG).
Providing subsidized loans.
Vocational Training to engage themselves in income-generating activities.
Training rural women on technology.
Assist with infrastructure and marketing.

Benefits under the Scheme

Mahila Vikas Nigam Loan Yojana scheme renders financial support to women entrepreneurs, women organizations, and women co-operatives. The benefits under the scheme are as follows:

Interest-free loan up to Rs. 3000.
5% interest rate for a loan of Rs. 20,000.
7% interest for a loan over Rs. 20,000.
Interest-free loan is sanctioned to study in selected courses up to Rs. 75000.

Eligibility

The following eligibility conditions must be satisfied by the applicant:

The applying woman must be a resident of Himachal Pradesh for at least 10 years.
The applicant should be an adult i.e., should have completed 18 years of age.
The family income of the applying woman should be less than 50,000 per annum.

Documents Required

Passport size photograph
Age proof
Identity proof
Resident proof
Aadhar card
Bank passbook copy
Income certificate
Application form (available at office)

Note: additional documents may also be required.

Applying for Mahila Vikas Nigam Scheme

Applicant who desire to apply must comply with the eligibility conditions and should apply at Mahila Vikas Nigam, Kalyan Bhawan Solan in the Himachal Pradesh

The application form will be issued at the office of Mahila Vikas Nigam.
Fill the application form carefully and submit with the required documents at the same office.

Contact Details:

For additional information, the applicant can contact the following

Nearest Mahila Vikas Nigam, Kalyan Bhawan Solan in the Himachal Pradesh
Nearest Women and Child Department, Government of Himachal Pradesh
District Program Officer of The Ministry of Social Justice and Empowerment

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Frequently Asked Questions

Common questions about Mahila Vikas Nigam Loan Yojana for Women Entrepreneurs.

The Mahila Vikas Nigam Loan Yojana is a scheme launched by the Ministry of Social Justice and Empowerment under the Himachal Pradesh State Government for the welfare of women in the state. It aims to encourage women to become self-employed by providing them with subsidized loans and vocational training.

The main objective of the Mahila Vikas Nigam Loan Yojana is to encourage women to be self-employed by financing them with subsidized loans. It also aims to provide vocational training and support for income-generating activities, technology training, and assistance with infrastructure and marketing.

The Mahila Vikas Nigam Loan Yojana provides a complete package for self-employment, including organizing women into Self Help Groups (SHGs), providing subsidized loans, vocational training, training in technology, and assistance with infrastructure and marketing.

The benefits under the Mahila Vikas Nigam Loan Yojana include interest-free loans up to Rs. 3000, 5% interest rate for loans up to Rs. 20,000, 7% interest rate for loans over Rs. 20,000, and interest-free loans up to Rs. 75,000 for selected courses.

To be eligible for the Mahila Vikas Nigam Loan Yojana, the applicant must be a woman who has been a resident of Himachal Pradesh for at least 10 years, is an adult (18 years or older), and has a family income of less than Rs. 50,000 per annum.

The documents required to apply for the Mahila Vikas Nigam Loan Yojana include a passport-size photograph, age proof, identity proof, residence proof, Aadhaar card, bank passbook copy, income certificate, and the application form (available at the office).

To apply for the Mahila Vikas Nigam Loan Yojana, the applicant must comply with the eligibility conditions and apply at the Mahila Vikas Nigam, Kalyan Bhawan Solan in Himachal Pradesh. The application form can be obtained from the office, filled out, and submitted along with the required documents.

For additional information about the Mahila Vikas Nigam Loan Yojana, applicants can contact the nearest Mahila Vikas Nigam, Kalyan Bhawan Solan in Himachal Pradesh, the nearest Women and Child Department of the Government of Himachal Pradesh, or the District Program Officer of the Ministry of Social Justice and Empowerment.

The interest-free loan of up to Rs. 75,000 offered under the Mahila Vikas Nigam Loan Yojana is specifically for women to pursue selected courses, likely aimed at enhancing their skills and employability.

The Mahila Vikas Nigam Loan Yojana supports income-generating activities for women by providing subsidized loans, vocational training, training in technology, and assistance with infrastructure and marketing. This comprehensive support aims to equip women with the necessary skills and resources to engage in self-employment and entrepreneurial activities.