Big initiative for women: Government is giving interest-free loans up to 5 lakh, apply like this!

New Delhi:The government has taken a special initiative with the aim of making women self -sufficient and helping them start their business. Now women self-help groups-SHGS are being made available by the government at any or very low interest rate by the government. The scheme is being run under the ‘National Rural Livelihoods Mission’ of the Ministry of Rural Development, which is implemented through the State Rural Livelihood Mission.

What is this plan and how will you get benefits?

Under this scheme, women self -help groups Loan up to Rs 3 lakh 0% interest rate Is provided on. At the same time, if self -help group Loan ranging from 3 lakh to 5 lakh rupees Takes it only on it 1% annual interest Will have to give This facility has been specially designed to empower women financially and provide them with self -employment opportunities.

Who will get the benefit?

This loan is available only to women self -help groups. The main goal of this scheme is to help women who want to start their small business or livelihood activity together, but are facing lack of capital.

Application process:

The self -help group must take the following steps to apply for this loan:

1. Formation of Self Help Group: First, a self -help group of at least 10 to 20 women should be registered.

2. Bank account: The group must have a joint bank account that is active for at least 6 months.

3. Planning information: Get information about your Gram Panchayat Office, Block Development Office – BDO or District Rural Development Agency – DRDA, get information about the ongoing schemes under ‘National Rural Livelihood Mission’ or ‘State Rural Livelihood Mission’ from DRDA.

4. Contact with bank: Contact branches of public and private sector banks (like State Bank of India, Punjab National Bank, Union Bank of India etc.) providing rural development schemes in the respective fields.

5. Application and document: Get an application form in the bank and submit the form with the necessary documents (Aadhaar card, identity card, residence certificate, group registration certificate, minutes of meeting, etc.).

6. Approval and Distribution: The bank will review the application according to the rules of the group’s credit history and plan. After approval, the loan amount will be distributed to the group’s account.

This scheme is playing an important role in making women self -reliant and strengthening the rural economy, so that women can strengthen their role in society.