MSYGNTDNT

The scheme aims to create self-employment for women of nomadic and denotified castes and support women entrepreneurs doing independent business. Through this scheme, microfinance is provided to women beneficiaries to pursue a business/occupation of their choice.

The scheme "Mahila Samriddhi Yojana" by the Social Justice and Empowerment Department, Government of Gujarat, aims to create a microfinance scheme for women of target groups and women entrepreneurs doing independent business to create self-employment for women of nomadic and denotified castes. Under this scheme, women beneficiaries will be able to pursue a business/occupation of their choice. Gujarat Nomadic and Denotified Castes Development Corporation implement the scheme.

• The applicant must be a woman from a Nomadic or Denotified Caste.
• The annual income limit of the family for income eligibility will be up to ₹3,00,000/- with effect from 1/4/2018. At least 50 percent of the total loan amount will be allocated for families having an annual income of up to ₹1,50,000/-.
• The applicant's age should be at least 21 years and not more than 50 years as on the date of application.
• The applicant must have experience in a technical and skilled trade/business.
• The applicant will have to provide suitable collateral to get the loan.

• The maximum loan limit will be up to ₹1,25,000/-.
• The interest rate will be 4% per annum.
• Under this scheme, 100% loan of the business/occupation amount is provided.
• The loan amount will consist of 95% National Corporation contribution, 5% State Government contribution and zero beneficiary contribution.

> Repayment: The loan amount will have to be repaid in 48 equal monthly instalments, including interest.