Relaxation in the eligibility conditions for taking a loan under the Saksham Yojana
Now eligibility will be determined based on the woman’s annual income instead of the family’s income
Amendment in the schemes of Chhattisgarh Mahila Kosh to empower women financially
State government issues order on the announcement of Chief Minister Mr. Bhupesh Baghel
Raipur, 29 September 2023/ Under the leadership of Chief Minister Mr. Bhupesh Baghel, the state government has taken many decisions to empower women economically. Continuing this tradition, in the Aabhar Sammelan of Anganwadi workers, assistants, and Mitanins, organized at the Science College grounds of Raipur on May 2, Chief Minister Mr. Baghel announced the decision to provide loans up to Rs 6 lakh to women’s groups and simplify the eligibility conditions for women to avail loans. The state government has issued an order in this regard.
Under the loan scheme of Chhattisgarh Mahila Kosh, women groups who have taken a loan for the first time and have paid the loan off completely will now be eligible for a maximum loan of Rs 6 lakh instead of Rs 4 lakh. Also, the loan of Rs 4 to 6 lakh will be repaid in 60 monthly installments after 6 months of receiving the loan from women self-help groups. The benefit of loan eligibility will be available only to beneficiaries who pay regular installments.
Additionally, the eligibility conditions under the Saksham Yojana were relaxed. The eligibility of the female beneficiary to take a loan will be determined on the basis of her annual income instead of the annual income of the family. Now the woman whose annual income limit is up to Rs. 2 lakh will be eligible for a loan.
It is noteworthy that Mahila Kosh provides loans at a rate of only 3 percent annual interest to economically empower women through the loan scheme and the Saksham Yojana. With the aim of promoting the self-reliance of women, Chief Minister Mr. Baghel has increased the budget of Mahila Kosh by almost 10 times to Rs 25 crore in this financial year. Besides, an allocation of Rs 25 crore was also made for the new Kaushalya Samriddhi Yojana.
