Mission Shakti Loan Scheme: In a significant move, the Chief Minister of Odisha unveiled the Mission Shakti Loan Scheme program at a ceremony in Bhubaneswar. This initiative aims to empower women by providing interest-free loans of up to Rs. 10 lakh to 70 lakh self-help groups (SHGs) in the state. The Mission Shakti Loan Scheme aims to uplift women economically and foster financial independence. By providing financial support and essential resources, the initiative strives to enhance the overall well-being of women in Odisha.
Mission Shakti Loan Scheme Details
| Scheme Name | Mission Shakti Loan Scheme Odisha |
|---|---|
| Launched by | Odisha government |
| Launch Date | 27th February 2024 |
| Launch Venue | Lok Seva Bhavan Convention Centre in Bhubaneswar |
| Objective | To provide interest-free loans |
| Benefits | Interest-free loans up to Rs 10 lakh for SHGs in Odisha |
| Beneficiaries | SHG women |
| State | Odisha |
| Official Website | Mission Shakti Odisha |
Mission Shakti Loan Scheme Odisha 2024
In a special event at the Lok Seva Bhavan Convention Centre in Bhubaneswar, Chief Minister Naveen Patnaik launched the Mission Shakti loan scheme. This initiative is designed to support women in self-help groups (SHGs) in Odisha. Under the scheme, eligible women can avail interest-free loans of up to Rs 10 lakh. Additionally, they will receive assistance in the form of blazers and uniforms. The goal is to empower 70 lakh women in SHGs, providing them with financial support and resources.
Swayam.odisha.gov.in Registration to Apply for Swayam Scheme Odisha
Thanks to the interest-free loan program, mothers in Odisha now have increased financial strength. This year, Self-Help Groups (SHGs) have been allocated a loan amount of Rs 15,000 crore. Over the next five years, they will receive an additional loan amount of Rs 75,000 crore.
Objectives of Mission Shakti Loan Scheme Odisha
In an empowering initiative, the Mission Shakti Maa program has provided Rs 8,000 crore in business assistance from the government. Women across Odisha are actively participating in various projects, shaping the state’s future. The success of Mission Shakti Ma has garnered attention not only nationally but also internationally.
The scheme aims to elevate Self-Help Group (SHG) women into the realm of small and medium-sized enterprises (SMEs), marking their entry into the corporate sector. A substantial sum of Rs 730 crore has been allocated for the procurement of blazers and uniforms to facilitate this transition. Additionally, the launch of Mission Shakti Bazaar aims to establish 5,000 retail outlets across the state over the next five years. These outlets will promote and sell products crafted by these enterprising women.
Benefits of Mission Shakti Loan Scheme
- Self-help group women are going on trips to Singapore and Dubai, thanks to a program announced by the Chief Minister. He thinks more women will travel abroad in the future.
- Many women who used to be in self-help groups now have jobs in big companies and run their own businesses.
- The government is spending Rs 730 crore to give uniforms and blazers to 1.5 lakh self-help group members, and 70 lakh more members will also get them.
- Over 2.75 lakh self-help groups got Rs 145 crore in their bank accounts to help with interest payments.
- Women from self-help groups are moving into small business groups and getting involved in big companies.
- In the past five years, self-help groups received Rs 925 crore to help with interest payments.
- The state plans to organize 5,000 “Mission Shakti Bazaars” over the next five years to support these initiatives.
Eligibility Criteria for Mission Shakti Loan Scheme
- Residency Requirement:
- You should be a permanent resident of Odisha.
- Gender Eligibility:
- Only women can apply for this scheme.
- SHG Membership:
- Women applying must be part of Self-Help Groups (SHGs).
Important Documents for Mission Shakti Loan Scheme
- Aadhar Card
- PAN Card
- Mobile number
- Email ID
- Bank account
Application Process of Mission Shakti Loan Scheme Odisha
- Visit the official scheme website.
- Click on the “apply” option on the homepage.
- Fill in all the necessary details on the new page.
- Upload the required documents.
- Hit the “submit” button.
- Save the application form as a PDF for future reference.
FAQs
Can a male person apply for this scheme.
This scheme is categorically meant for women only.
How much is the loan amount provided to SHG women?
Interest-free loans up to Rs. 10 lakhs will be provided to women.
Can a woman outside Odisha state apply for Mission Shakti Loan Scheme?
To apply for Mission Shakti Loan Scheme, you need to be the resident of Odisha state.
what is the official website of Mission Shakti Loan Scheme?
Conclusion:
The Mission Shakti Loan Scheme stands as a beacon of empowerment, demonstrating the government’s commitment to fostering economic independence and social development among women in Odisha. With interest-free loans and additional support, this initiative strives to make a lasting impact on the lives of thousands of women across the state.
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