This is a micro-financing programme aiming towards the empowerment of women from underprivileged backgrounds or economically backward areas. Through this scheme, these women can apply for a loan at a nominal interest rate to fulfil their dreams and goals and gain financial independence.
This is a micro-financing programme aiming towards the empowerment of women from underprivileged backgrounds or economically backward areas. Through this scheme, these women can apply for a loan at a nominal interest rate to fulfil their dreams and goals and gain financial independence.
1. It is a microfinance scheme for women with a rebate in interest. Financial Assistance up to the cost of Rs. 1,40,000/- is provided. 1. The repayment period is within 3.5 years, in quarterly installments from the date of each disbursement including the moratorium period. 1. On repayment of loans under MSY, through the concerned State Channelizing Agencies (SCA), the eligible beneficiaries can avail of any loan under the NSFDC scheme.
Step 1: Offline application — step 1
Visit the official website of NSFDC or your state government portal to apply. Download the Mahila Samridhi Yojana application form . Fill up the application form carefully and provide the necessary details, such as your age, name, contact information, required amount, etc. Submit the form along with the required documents. NSFDC provides loans to the eligible target group under its schemes through its Channel Partners. The loan applications are to be submitted by the eligible target group (Scheduled Castes persons having annual family income up to Rs. 3.00 lakhs ) to the District Offices of State Channelizing Agencies (SCAs). The District Offices of SCAs/CAs forward these applications, after scrutiny, to their Head Offices. Eligible target group can also submit their loan application to other Channelizing Agencies of NSFDC such as Regional Rural Banks/ Public Sector Banks/ NBFC-MFIs etc. with whom NSFDC has signed Memorandum of Agreements. After acceptance of the terms and conditions of the sanction and fulfillment of Prudential Norms, as applicable, funds are disbursed to the SCAs/ RRBs/ Nationalized Bank for onward disbursement to the beneficiaries. The disbursement of funds is made by NSFDC on receipt of demand from the SCAs/ RRBs/ Public Sector Banks/ NBFC MFIs. The loans are to be repaid by the beneficiaries as per the repayment schedule stipulated by the SCAs/CAs.
Applications are accepted only on the official government portal.
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