MMUY

Mukhyamantri Mahila Utkarsh Yojana is a scheme launched by the Government of Gujarat to empower women in the state. The scheme aims to provide financial assistance to women entrepreneurs and to promote their entrepreneurial spirit.

Details

Under the scheme, the government provides interest-free loans of up to Rs. 1 lakh to women entrepreneurs who wish to start a new business or expand their existing one. The loans are provided without any collateral security, and the repayment period is up to five years.

The scheme also provides training and skill development programs to women entrepreneurs to help them build their business acumen and enhance their knowledge of entrepreneurship. The Mukhyamantri Mahila Utkarsh Yojana is a great initiative to promote women's entrepreneurship and to empower them to become financially independent. over the scheme name, launch date, ministry/dept. name, target beneficiary, benefits, etc.)

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Objectives:

The main objectives of the scheme are:

• To promote women's entrepreneurship and provide them with financial assistance to start or expand their businesses.
• To provide interest-free loans to women entrepreneurs to promote their business ventures.
• To provide training and skill development programs to women entrepreneurs to enhance their knowledge of entrepreneurship.
• To create employment opportunities for women in the state.

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Features of the Scheme:

• Interest-Free Loans: Under the scheme, women entrepreneurs can avail of interest-free loans of up to Rs. 1 lakh to start or expand their businesses. The loans are provided without any collateral security. 1. Repayment Period: The repayment period for the loan is up to 5 years. 1. Training and Skill Development: The scheme provides training and skill development programs to women entrepreneurs to help them build their business acumen and enhance their knowledge of entrepreneurship.

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• Subsidy: The government also provides a subsidy of 6% per annum to women entrepreneurs who repay their loans on time.

• No Processing Fee: The scheme does not charge any processing fee for the loan application.

• No Income Limit: There is no income limit for women entrepreneurs to apply for the scheme.

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Eligibility

• The applicant should be a woman who is a permanent resident of Gujarat.
• The applicant should be 18 years of age or above.
• The applicant should have passed at least the 8th standard.
• The applicant should have a valid Aadhaar card.