Mission Shakti Loan Scheme: Orisha State Government has announced the Mission Shakti Loan Scheme on 27 February 2024 to provide benefits to the women of SHGs of the state. Through this scheme, a loan of Rs 10 lakh will be provided to the members of SHGs without any interest. Due to this, the Mission Shakti movement will be taken forward in the state and entrepreneurship will be promoted among the women of the state. If you are a woman of (SHGs) group of Orisha state. And wants to get a loan by applying under the Scheme. Read below to check the detailed information related to the Mission Shakti Loan Scheme like Highlights, Objectives, Benefits, Eligibility Criteria, Required Documents, Steps to Apply Online for the Scheme, and much more.
Table of Contents
Mission Shakti Loan Scheme 2024
Orisha State Chief Minister Naveen Patnaik has launched the Mission Shakti Loan Scheme for women (SHGs). Through this scheme, a loan of Rs 10 lakh will be given without any interest to the members of self-help groups (SHGs). This loan amount will be transferred to your direct bank account. The Chief Minister has announced to set up 5,000 Mission Shakti Bazaars in the next 5 years. Rs 730 crore has been allocated to 70 lakh women SHG members and Rs 1.5 lakh has been allocated to Mission Shakti leaders to purchase uniforms and blazers. Under the Mission Shakti Loan Scheme, SHGs have received loans of Rs 15,000 crore this year. And Rs 75,000 crore will be provided to SHGs in the next 5 years. To get a loan you have to apply for this scheme.
The chief minister on the occasion also distributed Rs 145 crore as interest subvention directly to the bank account of more than Rs 2.75 lakh SHG members. In the last 5 years. He said 925 crore has been returned to the SHG as interest subvention.
Mission Shakti Loan Scheme Key Highlights
| Name of Scheme | Mission Shakti Loan Scheme |
| Launched By | Chief Minister Naveen Patnaik |
| Beneficiaries | Members of self-help groups SHGs |
| Objective | To provide loans to women of SHGs |
| State | Odisha |
| Year | 2024 |
| Mode Of Apply | Online/ Offline |
| Official website | Not yet Launched |
Mission Shakti Loan Scheme Objective
The main objective of the Mission Shakti Loans Scheme is to provide loans to women of SHGs of the state. A loan of up to Rs 10 lakh is to be provided to the members of SHGs without any interest. Due to this, the Mission Shakti movement will be taken forward in the state, and entrepreneurship among women will be promoted. Apart from this, Patnaik has released Rs 145 crore for interest refund.
More Than 1000 Products in the Mission Shakti Market
Mission Shakti Bazaar will offer over 1,000 products including handicrafts, handloom, food products, forest products, health and personal care items, traditional jewelry, and home and kitchen products both online and offline. Mission Shakti Secretary Sukata Karthikeyan Raut said that interest-free loans for SHGs have strengthened the economic condition of women, which will allow them to enhance their entrepreneurship skills.
Benefits Of Mission Shakti Loan Scheme 2024
- The government announced the Mission Shakti Loans Scheme on 27 February 2024 to provide benefits to the women of SHGs of the state.
- Through this scheme, a loan of Rs 10 lakh will be given without any interest to the members of self-help groups SHGs.
- Patnaik has released Rs 145 crore for interest refund.
- Mission Shakti Bazaar will offer over 1,000 products including handicrafts, handloom, food products, forest products, health and personal care items, etc.
- The Chief Minister has announced to set up 5,000 Mission Shakti Bazaars in the next 5 years.
- Under the Mission Shakti Loans Scheme, SHGs have received loans of Rs 15,000 crore this year.
Eligibility Criteria
- The applicant must be a permanent resident of Odisha state.
- Applicant must be a member of SHGs.
- The beneficiary must have all the documents.
Required Documents
- Aadhar Card
- Domicile Certificate
- Income Certificate
- Bank Account Detail
- Mobile Number
- Passport Size Photo
- Email ID
Steps to Apply Online For Mission Shakti Loan Scheme 2024
- First of all, you have to go to your nearest bank to apply for the scheme.
- After going to the bank you will have to contact the officer.
- After that, you will have to get the application form for the scheme from the officer.
- All the information asked in the form will have to be entered carefully.
- Now all the required documents will have to be compiled with the form.
- After all the processes are completed, you will have to sign your name.
- Now you will have to go back and submit this form to the bank.
- In this way, you can get a loan of up to Rs 10 lakh under the Mission Shakti Loans Scheme.
FAQs
Mission Shakti Loan Scheme has been started by whom?
Mission Shakti Loans Scheme has been started by Chief Minister Naveen Patnaik.
When was the Mission Shakti Loan Scheme announced?
The Scheme has been announced on 27 February 2024.
How much loan will be given under the Mission Shakti Loan Scheme?
Under this scheme, a loan of Rs 10 lakh will be given to SHG members without any interest.
Mission Shakti Loans Scheme has been started in which state?
Mission Shakti Loans Scheme has been started in the state of Orissa.