The government will provide a loan of Rs 1 lakh without interest
Mukhyamantri Mahila Kalyan Yojana [Zero Per Cent Interest Rate Loan Scheme For Women In Gujarat]
Gujarat government has today announced ‘Mukhyamantri Mahila Kalyan Yojana’, under which more than 10 lakh women will be given loan at zero per cent interest rate. This Yojana will be launched by State Chief Minister Vijay Rupani on 17 September which is the birthday of Prime Minister Narendra Modi. The State government has allocated Rs. 175 crore budget for this scheme.
The State government will sign Memorandum of Understanding (MoU) with banks and bear interest of bank loan under this scheme. Stamp duty for loan under this scheme will be waived off.
One million women, active in as many as one lakh women groups (10 women in each women’s group) will be covered under this scheme.Each women’s group will get Rs. 1 lakh loan/finance through the government, cooperative, private banks and RBI approved finance companies.
50,000 women from rural and same number of women from urban areas will be covered in this scheme. The scheme will be executed at rural side by Gujarat Livelihood Promotion company which works under Rural Development department of Gujarat government. In urban areas, the same scheme will be implemented by Gujarat Urban Livelihood Mission which functions under the Urban Development department of the State government.