Chhattisgarh Mahtari Shakti Loan Scheme

Collateral Free Loan of Rs. 25,000/- will be provided by Chhattisgarh Government under Mahtari Shakti Loan Scheme to Women Beneficiaries so that they can start their own self employment business/ activity. Read the complete article to know more about scheme.

Introduction of Mahtari Shakti Loan Scheme: A Brief Insight

• Finance Minister of Chhattisgarh Shri OP Chaudhari launched a new scheme Ṃahtari Shakti Loan Scheme for the welfare of women on 30th of November 2024.
• The main objective behind starting this scheme is to make women of State self-reliant financially so they can be empowered.
• The women and Child Development Department of the Government is the responsible department of this scheme.
• The other major well known names of this scheme are “Mahtari Shakti Rin Yojana” or “Mahtari Shakti Rin Scheme”.
• Chhattisgarh Government will now support women financially so that they can start their own self-employment activities or business.
• Loan of Rs. 25,000/- will be provided to all eligible women beneficiaries under Mahtari Shakti Loan Scheme to start self employment business.
• Loans provided under this Scheme are completely collateral-free and will provided without any guarantee.
• This means that women beneficiaries can avail the loan of Rs. 25,000/- under Mahtari Shakti Loan Scheme without mortgaging any property or anything in the bank.
• Loan money can be used by women beneficiaries to start any self employment activity of their own so that they cannot be relied upon on anyone in terms of money.
• All Women Beneficiaries of Mahtari Vandan Scheme are automatically eligible to get collateral free loan of Rs. 25,000/- under Mahtari Shakti Loan Scheme.
• Beneficiary Women has to visit her nearest Rural/ Grameen Bank in which she has a bank account and collect Loan Application Form of Mahtari Shakti Loan Scheme.
• Mahtari Shakti Loan Scheme Application Status can also be checked by visiting the bank.

Benefits Provided to Eligible Women Beneficiaries

• Government of Chhattisgarh will provide the following benefits to all eligible women beneficiaries under its newly launched Mahtari Shakti Loan Scheme :-
  • Collateral Free/ Without any Guarantee Loan for Self Employment will be provided.
  • Maximum Loan of Rs. 25,000/- will be provided to Women Beneficiaries.
  • No Collateral Security or Guarantee is required.

Eligibility Conditions Required to be Fulfilled

• Without Guarantee/ Collateral Loan of Rs. 25,000/- under Mahtari Shakti Loan Scheme of Chhattisgarh Government will only provided to those women beneficiaries who fulfil the below-mentioned eligibility conditions of the scheme :-
  • Women Applicants should be a Resident of Chhattisgarh.
  • The age of Women Applicants should be more than 21 Years.
  • Women Applicant should be a Beneficiary of Mahtari Vandan Scheme.

Documents Required to be Attached

• The list of documents that are required to be attached with Mahtari Shakti Loan Scheme Application Form are mentioned below :-
  • Aadhar Card.
  • Mahtari Vandan Scheme Beneficiary Code.
  • Mobile Number.
  • Passport Size Photo of Women.
  • Bank Account Details.

How Beneficiaries Can Apply to Avail the Benefit of this Scheme

• Eligible Women Beneficiaries can easily apply for Rs. 25,000/- loan under Mahtari Shakti Loan Scheme through Application Form.
• Application Form of Mahtari Shakti Loan Scheme is available free of cost at any District Rural/ Grameen Bank.
• Women Beneficiary has to visit the nearest bank branch and has to collect the Application Form.
• Fill the Application Form correctly and attach all the required documents with it.
• It is mandatory to fill Beneficiary Code of Mahtari Vandan Scheme in the Application Form correctly.
• Submit the Mahtari Shakti Loan Scheme Application Form along with all the documents in the same bank branch of village.
• Officials of the Bank will scrutinize the application form and documents and verify the beneficiary details.
• List of Beneficiary Women eligible and selected for Mahtari Shakti Loan will be forwarded to Branch Manager for final approval.
• A loan Amount of Rs. 25,000/- without any guarantee or collateral will be then disbursed to selected beneficiaries in their bank account under Mahtari Shakti Loan Scheme.
• Repayment period of loan under Mahtari Shakti Loan Scheme will be decided by the bank as per guidelines and norms.

Important Links Available

• Chhattisgarh Women and Child Development Department Website.

Contact Details in Case of Help Needed

• Helpline Numbers of Chhattisgarh Women and Child Development Department.

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