IOB Mahila Shaksham Scheme 2024 Registration, Loan amount, Last date: Indian Overseas Bank has launched IOB mahila Shaksham scheme 2024. This scheme launched with a main objective to empower women entrepreneurs. Famous public sector Indian Overseas Bank on Saturday launched mahila shaksham scheme to finance individual women self help group members under government Deen Dayal antyoday Yojana (national rural livelihood mission initiative). This scheme is inline with ministry of Rural Development lakhpati didi Yojana which is the designed to improve financial standing of women self help group members.
All female citizen of India who wants to become entrepreneur or wish to are there on business Bill Gate of facility to get credit of Rs 10 lakh. Candidate who fulfill the Eligibility requirement, can submit their application form at official website. All you just need to know about eligibility requirement, important documents, last date of application.
About IOB Mahila Shaksham scheme 2024
The primary objective of this scheme is to make sure that all the female entrepreneurs will get funds and can start earning. IOB Mahila Shaksham scheme associated with lakhpati didi scheme to help female entrepreneurs so they can become independent and create more job opportunities. The primary objective of this scheme is to uplift social status and of living for the female candidates. Under this scheme eligible female entrepreneurs bill Gate credit facility for 10 lakh.
This make women beneficiaries self reliant, and main goal to ensure that, women beneficiaries will receive annual income of at least one lakh rupees.
Key facts:
| Scheme | IOB Mahila Shaksham scheme |
| Launched by | indian Overseas Bank |
| Year | 2024 |
| Primary objective | to provide credit facility for female entrepreneur |
| Maximum credit | Rs 10 Lakh |
| Beneficiaries | female beneficiaries |
| Mode of application | Online |
| Eligibility | female entrepreneurs of self help groups |
| Official website | click here |
Who is eligible for IOB Mahila Shaksham scheme?
- The female beneficiaries are eligible to avail the benefits.
- Female candidate who are associated with groups are eligible to get benefits.
- Maximum loan amount candidate can avail from 75000 to 10 lakh.
- Candidate between 21 to 60 years.
- There are different eligibility requirements as per loan amount.
- This information you can access from official website
Self help group eligibility
- Self help group must be two year old and one successful bank loan cycle completed.
- Remember can minimum away loan of 25000.
- The business of the candidate must be 2 years old business.
Here are some list of eligible businesses that you can start:
- Mushroom cultivation
- High value crop cultivation
- Dairy products
- Poultry
- Goat and sheep rearing
- Beauty parlour and salon services
- Tailoring shop
- Restaurant business
- Internet cafe and photocopy
- Confectionery shop
- Groceries or stationary shop
- Fruit and vegetable shop
- Cosmetic shop
- Traditional snacks
- Flour Mills
- Oil Processing Unit
- Handcrafts
- Weaving
- Textile bags
- Covers
- Basket manufacturing
- Pottery & ceramic
- Bangles
- Artificial jewellery
- Soap Manufacturing
- Sanitary napkins manufacturing unit
- Paper plates and cups manufacturing
Required Documents
- Aadhar card
- Voter Id Card
- PAN card
- Business details
- Business registration documents
- Mobile number
- Income proof
Loan amount providers under IOB Mahila Shaksham scheme
There are many women beneficiaries who are willing to start there on business but they do not have funds to invest. The above paragraph you will get list of businesses that you can start and get loan from Indian Overseas Bank (IOB). The loan amount is provided to the female beneficiaries who wants to start there own business.
- Maximum loan amount- Rs 10 Lakh
- Minimum loan amount – Rs 75k
Rate of interest:
If your business or activity included for agriculture and allied category then:
- Up to 10 lakh – 1 YMCLR +0.20% (SP) + 1.80% (RP)
- For MSME activities including Processing Unit:
- Up to 10 lakh – RLLR_0.40% (SP) + 1.35% (RP)
Payment schedule:
- IOB Mahila Shaksham scheme provide you 60 month/20 quarterly installment including moratorium period.
Processing fees:
- A processing fees will be charged 0.40% aapka limit sanctioned plus GST for both term loan and working capital.
How to apply online for IOB Mahila Shaksham scheme 2024 Registration
Follow the below mention instruction:
- First of all continents to visit official website.
- On the homepage you need to select apply online option.
- In application form your need to provide all the required information.
- Upload the necessary documents.
- Complete your application.
- The verification and reviewing your application you will get confirmation message on your register mobile number.
FAQs
What is IOB Mahila Shaksham scheme?
This is came introduced by Indian Overseas Bank with primary objective to provide credit facility to female entrepreneurs.
Which business we can start under this scheme?
You can check list of activities or businesses mentioned above.
What is the maximum credit facility under IOB Mahila Shaksham scheme?
The Eligible beneficially will receive maximum 10 lakh rupees and minimum 75000.
What is the primary objective of this scheme?
Primary objective of this game is to make sure that each female entrepreneur in India will ARN at least one lakh Rupees annualy.
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