Odisha Mission Shakti Loan Scheme 2024: Apply for Interest Free Loan, Check Eligibility

Mission Shakti Loan Scheme:- At a ceremony in Bhubaneswar Chief Minister of Odisha introduced the Mission Shakti loan programme. This scheme provides interest-free loans up to Rs. 10 lakh to women in 70 lakh self-help groups (SHGs) in Odisha. The programme also includes uniform and blazer support for Mission Shakti women and an interest repayment plan of Rs. 145 crore. Read the article below to learn more about the Mission Shakti Loan Scheme.

Mission Shakti Loan Scheme Odisha 2024

Mission Shakti Loan Scheme Odisha 2024

At a ceremony at the Lok Seva Bhavan Convention Centre in Bhubaneswar, Chief Minister Naveen Patnaik introduced the Mission Shakti loan initiative. Women who qualify for this scheme can receive interest-free loans of up to Rs 10 lakh in addition to help in the shape of blazers and uniforms. This scheme will support 70 lakh women in Odisha’s self-help groups (SHGs). Mothers now have more financial power and stronger hands thanks to the interest-free loan programme.  The Self-Help Groups (SHGs) have been granted a loan amount of Rs 15,000 crore this year, and they will receive an additional loan amount of Rs 75,000 crore over the next five years. 

SWAYAM Yojana Odisha

Mission Shakti Loan Scheme Details in Highlights

Name of the schemeMission Shakti Loan Scheme Odisha
Launched byOdisha government
Launched on27th of February 2024
Introduced atLok Seva Bhavan Convention Centre in Bhubaneswar
ObjectiveTo provide interest-free loan
BenefitsInterest-free loans up to Rs 10 lakh for SHGs in Odisha
BeneficiariesSHGs women
StateOdisha
Official Websitehttps://missionshakti.odisha.gov.in/

Objectives of Mission Shakti Loan Scheme Odisha

As part of a unique livelihood programme, the Mission Shakti Maa has given the government business assistance worth Rs 8,000 crore. Women currently collaborate with the Odisha government on several initiatives and help shape the future of Odisha. The excellent work of Mission Shakti Ma has now spread throughout the nation and even overseas.

The transformation of SHG women into SMEs, or small and medium-sized businesses represents their first step into the corporate world. Significant funding, amounting to Rs 730 crore, was set aside for blazers and uniforms to facilitate this shift. To establish 5,000 such bazaars and retail locations throughout the state in the next five years, Mission Shakti Bazaar was launched to promote and market goods made by these women.

Mo Ghara Yojana Odisha 

Benefits of Mission Shakti Loan Scheme Odisha

Following are the benefits of the scheme.

  • Self-help group women are travelling to Singapore and Dubai for exposure tours, as stated by the Chief Minister, who predicted that more and more women will travel overseas in the future.
  • Women who once belonged to self-help groups are now working in corporations and conducting business.
  • The state’s 1.5 lakh SHG members and 70 lakh SHG members would receive uniforms and blazers for Rs 730 crore.
  • Over 2.75 lakh SHGs received a direct interest subvention of Rs 145 crore in their bank accounts.
  • Women from SHGs are transitioning to SME groups and are now connected to the business world’s corporate sector.
  • A total of Rs 925 crore in interest subvention has been given back to SHGs during the last five years.
  • Furthermore, the state’s 2.75 lakh SHGs received a direct interest subvention of Rs 145 crore in their bank accounts.
  • In addition, it was declared that the state would host about 5,000 Mission Shakti Bazaars over the following five years.
Documents Required

Following are the documents required for the scheme

  • Applicants Aadhar Card
  • PAN Card
  • Mobile number
  • Email ID

Odisha Mamta Yojana

Eligibility Criteria for Mission Shakti Loan Scheme

Following are the Eligibility criteria for the scheme.

  • Applicants must be permanent residents of Odisha state.
  • Only women candidates are eligible for this scheme.
  • Women must belong to SHGs.

Application Process of Mission Shakti Loan Scheme Odisha

Follow the steps below to apply for the Mission Shakti Loan Scheme.

  • Go to the official website of the scheme.
  • On the home screen click on apply option.
  • A new page will open before you, enter all the required details carefully.
  • Upload the necessary documents.
  • Click on submit option.
  • Save the application form in PDF format for later use.

FAQ’s

Can a woman outside Odisha state apply for Mission Shakti Loan Scheme?

To apply for Mission Shakti Loan Scheme, you need to be the resident of Odisha state.

How much is the loan amount provided to SHG women?

Interest-free loans up to Rs. 10 lakhs will be provided to women.

Can a male person apply for this scheme.

This scheme is categorically meant for women only.

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