Question: Tell me about the Mahila Samriddhi Yojana scheme.

Answer: Recent Passport Size PhotographsFrequently Asked QuestionsWhat 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%.Sources And ReferencesGuidelinesFAQOkWas this helpful?News and UpdatesNo new
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schemesCancelIt seems you have already initiated your application earlier.To
know more please visit CancelApply NowMinistry Of Social Justice and EmpowermentMahila Samriddhi
YojanaLoanMicro-FinanceWomen EnterpreneurDetailsBenefitsEligibilityApplication ProcessDocuments RequiredFrequently Asked
QuestionsMahila Samridhi Yojana (MSY) is a scheme aimed to benefit the women entrepreneurs from backward backgrounds or poor
backgrounds. The scheme was launched as part of the National Backward Classes Finance and Development Corporation (NBCFDC)
under the Ministry of Social Justice and Empowerment. Under this scheme, the Government provides micro-finance to the women
entrepreneurs either directly or through Self-Help Groups (SHGs). This scheme is being implemented by a wide range of channel
partners nationwide. Targeted women beneficiaries are identified and given loans either directly or in the form of Self-Help Groups
(SHGs). The two main targeted beneficiaries are:Self-help groups (SHGs): It aims to strengthen and assist SHGs, particularly those that
include women. These people make up the autonomous, economically disadvantaged category. Women belonging to economically and
socially backward classes (targeted groups): Women from the underprivileged classes are considered, particularly those who fall under
the SC or ST category.Objectives of Mahila Samridhi YojanaTo encourage women belonging to minority groups from rural regions and
underprivileged classes to adopt an entrepreneurial attitude.To help these women meet their entrepreneurial goals by providing
microfinance loans at lower interest rates.To encourage women from scheduled castes or scheduled tribes or any other minority
populations to pursue their aspirations.To encourage women to overcome social stigma and gain financial independence.To assist
women who are unable to establish their own businesses or careers owing to a lack of financial assistance.It is also a Micro Finance
Scheme for women with rebate in interest. OkWas this helpful?ShareNews and UpdatesNo new news and updates
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