Chhattisgarh Mahtari Shakti Loan Scheme

Collateral Free Loan of Rs. 25,000/- will be provided by the Chhattisgarh Government under the Mahtari Shakti Loan Scheme to Women Beneficiaries so that they can start their self-employment business/ activity. Read the complete article to know more about the 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.
• A loan of Rs. 25,000/- will be provided to all eligible women beneficiaries under the Mahtari Shakti Loan Scheme to start self self-employment business.
• Loans provided under this Scheme are completely collateral-free and will be provided without any guarantee.
• This means that women beneficiaries can avail the loan of Rs. 25,000/- under the 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 the Mahtari Vandan Scheme are automatically eligible to get a collateral-free loan of Rs. 25,000/- under the Mahtari Shakti Loan Scheme.
• The beneficiary woman has to visit her nearest Rural/ Grameen Bank in which she has a bank account and collect the Loan Application Form of the 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 provide to those women beneficiaries who fulfil the below-mentioned eligibility conditions of the scheme :-
  • Women Applicants should be residents of Chhattisgarh.
  • The age of Women Applicants should be more than 21 Years.
  • Women applicants should be beneficiaries of the Mahtari Vandan Scheme.

Documents Required to be Attached

• The list of documents that are required to be attached with the Mahtari Shakti Loan Scheme Application Form is mentioned below :-
  • Aadhar Card.
  • Mahtari Vandan Yojana 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 the Mahatari Shakti Loan Scheme throughthe  Application Form.
• Application Form of the Mahatari Shakti Loan Scheme is available free of cost at any District Rural/ Grameen Bank.
• Women Beneficiary has to visit the nearest bank branch and collect the Application Form.
• Fill the Application Form correctly and attach all the required documents with it.
• It is mandatory to fill the Beneficiary Code of the 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 the village.
• Officials of the Bank will scrutinize the application form and documents and verify the beneficiary details.
• A list of Beneficiary Women eligible and selected for the Mahtari Shakti Loan will be forwarded to the Branch Manager for final approval.
• A loan Amount of Rs. 25,000/- without any guarantee or collateral will then be disbursed to selected beneficiaries in their bank account under the Mahtari Shakti Loan Scheme.
• The repayment period of the loan under the 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.

Frequently Asked Questions

• What is the main purpose of the Mahtari Shakti Loan Scheme of the Chhattisgarh Government?
  -The scheme aims to financially empower women in Chhattisgarh by providing them a collateral-free loan of Rs. 25,000/- to start self-employment activities or small businesses.
• Who launched the Mahtari Shakti Loan Scheme and when?
  -The scheme was launched by Chhattisgarh Finance Minister Shri OP Chaudhari on 30th November 2024.
• Is any property or asset needed to avail the Rs. 25,000/- loan under this scheme?
  -No, the loan is completely collateral-free and does not require any security or guarantee.
• Are all women in Chhattisgarh eligible for this scheme?
  -No, only those women who are beneficiaries of the Mahtari Vandan Scheme and are residents of Chhattisgarh above 21 years of age are eligible.
• Where can women collect the application form for the Mahtari Shakti Loan Scheme?
  -Application forms are available free of cost at all rural or grameen bank branches in Chhattisgarh.
• Is it necessary to provide the Mahtari Vandan Scheme beneficiary code in the application form?
  -Yes, filling in the correct beneficiary code of the Mahtari Vandan Scheme is mandatory in the application form.
• How is the loan amount disbursed to selected women beneficiaries?
  -Once the application is verified and approved, the loan amount is directly credited to the beneficiary’s bank account.
• Can women check the application status after applying for the scheme?
  -Yes, women can visit their respective bank branches to check the status of their Mahtari Shakti Loan Scheme application.
• What documents are required to apply under the Mahtari Shakti Loan Scheme?
  -Required documents include Aadhaar card, Mahtari Vandan Yojana beneficiary code, passport-size photo, mobile number, and bank account details.
• Who should women contact if they need help or have queries regarding the scheme?
  -Women can contact the helpline numbers of the Chhattisgarh Women and Child Development Department for assistance.

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