Gujarat Mahila Utkarsh Yojana Full Details – [Zero Percent Interest Rate Loan Scheme]

Finally, the Government of Gujarat has today announced the ‘Gujarat Mahila Utkarsh Yojana’, under which more than 10 lakh women will be given loans at zero percent interest rate.

This scheme will be launched by State Chief Minister Vijay Rupani on 17 September which is the birthday of Prime Minister Narendra Modi. Under this scheme, the state government has allocated Rs. 175 crore budget for this scheme.

Around one million women, active in as many as one lake women groups (10 women in each women’s group) will be covered under this scheme. Each women’s group will get Rs. 1 lakh loan/finance through the government, cooperative, private banks and RBI approved finance companies.

A total of 50,000 women from the rural and the same number of women from urban areas will be covered in this scheme. The scheme will be executed at the rural side by the Gujarat Livelihood Promotion company which works under the Rural Development Department of the Gujarat government.

In urban areas, the same scheme will be implemented by the Gujarat Urban Livelihood Mission which functions under the Urban Development department of the State government. 

ગુજરાતીમાં વાંચવા ક્લિક કરો

This scheme will be launched by State CM Vijay Rupani on 17 September which is the birthday of PM Narendra Modi.

The Gujarat government will sign a Memorandum of Understanding (MoU) with banks.

Similar Loan Scheme of Gujarat Government

The government of Gujarat has launched a new scheme for the workers of the cottage industry. This scheme provides financial assistance to the craftsman of the cottage industry.

Growing day by day population has created lots of hurdles in the development of the country. For this reason, the state governments of all the states are very busy developing their own state overall.

Gujarat has started this scheme in the memory of our respected former Prime minister Late Shri Atal Bihari Vajpayee. This scheme is known as “ Shri Vajpayee Bankable Scheme 2020”  We are heard every day, the Government of Gujarat is taking many steps to give employment to unemployed people.

So the Gujarat government has implemented a scheme for the benefit of the rural and urban persons who are unemployed and want to start their own business.

Maximum loan provided by the banks under Vajpayee Bankable

  1. For the industrial sector, the loan amount is INR 8 Lakhs.
  2. For the Service sector, the loan amount is INR. 8 Lakhs
  3. For the trade sector, the loan amount is about INR. 8 Million.

The applicants should belong to a Minority community. The age of the applicant should between 18-65 years. The annual Income of the Parent/ applicant should not exceed Rs.2, 00,000/- in Urban areas and Rs. 1, 50,000/- in Rural areas. The beneficiary of this scheme should possess the Aadhaar Card / Ration Card. Educational Qualification: At least standard-4 (four) passes.

Training / Experience: The applicant should have taken training from any private organization for at least 3 months which is relevant to the profession or a government-approved institution or a family business.

This scheme helps to create new entrepreneurs which increase the economy of the state. The people of the state will become self dependent and earn their livelihood with ease.