Lucknow. An initiative has been taken to provide financial assistance to rural women of Uttar Pradesh to start their own small business or expand the existing business. Under the Mahila Udyami Credit Scheme, there is a provision to give interest free loan up to Rs 1 lakh to eligible women associated with Self Help Groups (SHG). Its objective is to increase the income of women and make them financially self-reliant.
The amount can be received in three installments
According to the available information related to the scheme, the loan amount can be given in three phases. In this, the first installment is Rs 20,000, the second is Rs 30,000 and the third is Rs 50,000. In this way the total assistance can be up to one lakh rupees. The terms and conditions of release and payment of installment will depend on the rules of the concerned department.
For what purposes will you get the benefit?
Women can use this amount for business needs like sewing-embroidery, handicrafts, pickle making, small shop or dairy. This can help those women who are unable to start their own business due to lack of capital or want to expand their business.
Who can apply?
The benefits of the scheme are mainly stated for eligible rural women of Uttar Pradesh and members associated with self-help groups. It is important to confirm the group's eligibility, required documents and loan terms before applying.
Women can get information from their self-help group, concerned rural livelihood mission or departmental office. Please note that you must ensure official confirmation of the loan amount, interest terms and application process as availing benefits will depend on eligibility and applicable rules.