Mahila Loan Yojana 2022: For the economic development of women, the government’s new scheme Mahila Swayamsiddhi Debt Repayment Scheme.

Women’s Savings Group Loan Scheme 2022

Maharashtra State Other Backward Classes Finance and Development Board has approved the implementation of Mahila Swayamsiddhi Vyat Paata Yojana (Mahila Vikas Yojana 2022) for women belonging to other backward classes.

The nature and modus operandi of the Mahila Loan Yojana 2022

• The main objective of this scheme is to empower other backward-class women in the state’s Mahila Bachat Gat and make them self-reliant and self-reliant.
• The Maharashtra State Other Backward Classes Finance and Development Corporation (OBC mahamandal) will provide limited interest repayment of 12% interest on the loan amount of ₹ 5 to ₹ 10 lakhs sanctioned by the bank for production, processing, value-based industries of goods produced by women.
• The scheme will be implemented with the help of MRCM, a publicly run resource center of the Women’s Economic Development Corporation.
• Under this scheme, other backward-class women applicants in eligible women’s self-help groups will be able to avail the benefit of this interest refund scheme from OBC Corporation and efforts will be made to provide benefits to the remaining women in this self-help group from Women’s Economic Development Corporation as well as other government department corporations.
• Eligible women self-help groups consisting of at least 50 percent women from other backward classes will be allowed to avail of loans up to लक्ष 5 lakhs in the first phase.
• Limited interest repayment of a maximum of 12% interest on the loan amount sanctioned by the bank will be paid by OBC Corporation.

Eligibility And Conditions Of Mahila Loan Yojana 2022

1) In the eligibility terms and conditions of the applicant, women from Mahila Bachat Gat should be from the OBC category.

2) Applicant woman should be a resident of Maharashtra, the minimum age of eligible woman should be 18 years and the maximum age should be 60 years.3) At least 50% of the Women Backward Classes (OBC) women in the Women’s Savings Group of the Women’s Economic Development Corporation will be eligible for the Women’s self-achievement Loan Repayment Scheme.

Mahila Loan Yojana 2022 Documents and proofs to be submitted

• Other Backward Class Caste Certificate issued to the applicant by the competent authority
• Proof of age of the applicant. (Age Proof) (Birth certificate), School leaving certificate
• Resident Certificate (Aadhar Card), 3 Month Light Bill (Phone Bill) Xerox Property Card Passport of Phone Bill
• Savings Group Bank Passbook Xerox Certificate or self-declaration of certified family product from CMRC for female members of self-help group

• Beneficiaries will be required to submit a certificate / self-declaration affidavit of full repayment of the previous loan amount if the applicant woman has availed of any financial institution or government scheme or any scheme being implemented by the corporation.

Implementation procedures Of Mahila Loan Yojana 2022

• Mahila Swayamsiddhi Debt Repayment Scheme will be implemented online.
• The proposal received through CMRC will be scrutinized in the prescribed manner and the proposal will be submitted to the OBC Corporation (OBC Mahamandal) District Office for issuance of an Eligibility Certificate (LOI) to the OBC Corporation Headquarters for action.
• A copy of the LOC Eligibility Certificate issued in the relevant proposal by the OBC Corporation Headquarters will be forwarded for further action.
• The validity of the certificate of eligibility issued by the OBC Corporation will be one year.
• The 12% interest refund paid by the LOl to the savings group approved by the bank and to the regular loan repayers should be requested on the portal of Maharashtra State Other Backward Classes Finance and Development Corporation Limited Corporation as per bank verification.
• It will be mandatory for the self-help group to upload the photo of the business approved by the bank at least once a year and at least three times in the total loan repayment period while requesting interest repayment on the web portal.