Odisha Mission Shakti Loan Scheme 2024:Interest-Free Loans

Odisha Mission Shakti Loan Scheme:- At an event in Bhubaneswar, the Odisha Chief Minister launched the Mission Shakti Fund Scheme. The scheme provides interest-free loans up to Rs. 70 lakh self-help groups (SHGs) in Odisha have provided Rs 10 lakh to women. The program also includes clothing and blazer support for Mission Shakti women and a cash-back scheme of Rs. 145 million. Read the article below to learn more about the Mission Shakti Loan Scheme.

About Odisha Mission Shakti Loan Scheme

Chief Minister Naveen Patnaik announced the launch of the Mission Shakti Fund at an event held at the Lok Seva Bhavan Convention Center in Bhubaneswar. Women participating in the scheme will also get free cash of up to Rs 10 lakh, besides support in the form of shirts and dresses. This scheme will support 70 lakh women in Odisha’s self-help groups (SHGs). Now, thanks to free banking schemes, women have more financial power and stronger hands. Self-help groups (SHGs) have disbursed Rs 15,000 crore in loans this year and will receive Rs 75,000 crore in loans over the next five years.

Odisha Mission Shakti Loan Scheme(Highlights)

Name of the scheme Mission Shakti Loan Scheme Odisha
Launched by Odisha government
Launched on 27th of February 2024
Introduced at Lok Seva Bhavan Convention Centre in Bhubaneswar
Objective To provide interest-free loan
Benefits Interest-free loans up to Rs 10 lakh for SHGs in Odisha
Beneficiaries SHGs women
State Odisha
Official Website https://missionshakti.odisha.gov.in/

 

Odisha Mission Shakti Loan Scheme (Objectives)

As a part of a completely unique livelihood programme, the Mission Shakti Maa has given the authorities enterprise help really well worth Rs 8,000 crore. Women presently collaborate with the Odisha authorities on numerous projects and assist form the destiny of Odisha. The extremely good paintings of Mission Shakti Ma has now unfold during the kingdom or even overseas.

The transformation of SHG women into SMEs, or small and medium-sized businesses represents their first step into the corporate world. Significant funding, amounting to Rs 730 crore, was set aside for blazers and uniforms to facilitate this shift. To establish 5,000 such bazaars and retail locations throughout the state in the next five years, Mission Shakti Bazaar was launched to promote and market goods made by these women.

Odisha Mission Shakti Loan Scheme (Benefits)

  • The Prime Minister said Self-Help Women will travel to Singapore and Dubai for study tours and predicted that more women will go abroad in the future.
  • Women who previously participated in self-help groups now work in organizations and run businesses.
  • Clothes and shirts worth Rs 730 crore were received by 4,444 1.5 lakh SHG members of the country and 70 lakh SHG members.
  • More than 2.75 lakh SHGs received loans of Rs 145 crore in their bank accounts.
  • women from SHGs are being transformed into SME groups and are now integrated into the global business world.
  • A total of Rs 925 crore as interest was refunded to SHGs in the last five years.
  • Additionally, a loan of Rs 145 crore was availed in the bank accounts of 2.75 lakh government SHGs.
  • In addition, it was also announced that the government will get about 5,000 Mission Shakti Bazaars in the next five years.

Odisha Mission Shakti Loan Scheme (Eligibility)

  • Applicants must be permanent residents of Odisha state.
  • Only women candidates are eligible for this scheme.
  • Women must belong to SHGs.

Odisha Mission Shakti Loan Scheme (Documents)

  • Applicants Aadhar Card
  • PAN Card
  • Mobile number
  • Email ID

Odisha Mission Shakti Loan Scheme (How To Apply)

Odisha Mission Shakti Loan Scheme

  • On the home screen click on apply option.
  • A new page will open before you, enter all the required details carefully.
  • Upload the necessary documents.
  • Click on submit option.
  • Save the application form in PDF format for later use.

FAQ’s

Can a woman outside Odisha state apply for Mission Shakti Loan Scheme?

To apply for Mission Shakti Loan Scheme, you need to be the resident of Odisha state.

How much is the loan amount provided to SHG women?

Interest-free loans up to Rs. 10 lakhs will be provided to women.

Can a male person apply for this scheme.

This scheme is categorically meant for women only.

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