Odisha Govt. Announces Interest Free Loan for Women (Self Help Group)

January 5, 2019 | By Lekhraj | Filed in: News, Odisha Government Schemes.

Odisha Chief Minister Naveen Patnaik on Saturday announced interest-free loans of up to Rs.3 lakh for women self-help groups (WSHGs) in the state. He made the announcement when addressing the ‘Mission Shakti’ convention here, which was attended by about 50,000 women from various parts of the state.

The chief minister also distributed financial assistance of Rs 3,000 each to six lakh WSHGs as part of the state government’s efforts to digitally empower women. During the ‘Make in Odisha’ conclave in November last year, Patnaik had promised smartphones to six lakh WSHGs.

Odisha Interest Free Loan Scheme for SHG 

The ‘Mission Shakti’ programme was launched in 2001 and it has taken the form of a “silent movement” in the state during the last 18 years. In a bid to strengthen the programme, the Odisha government has decided to build ‘Mission Shakti Home’ in each gram panchayat across the state.

During the ‘Make in Odisha’ conclave in November last year, Patnaik had promised smartphones to six lakh WSHGs.  During the convention, Patnaik launched a scheme to distribute Rs. 15,000 seed money per group to three lakh new SHGs. He also handed over revolving fund of Rs. 25 lakh to 338 block federations.

The Odisha Chief Minister announced incentives of Rs. 500 per month for anganwadi workers and Rs.200 for helpers.  There are around six lakh WSHGs in Odisha. I am glad to let you know that you (WSHGs) will be getting loans at zero per cent interest,” the chief minister said, adding that the initiative would benefit about 70 lakh women.


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3 comments on “Odisha Govt. Announces Interest Free Loan for Women (Self Help Group)

  1. deep says:

    is Odisha interest free loan scheme only for SHG women

  2. arpan says:

    how to apply for interest free loan scheme odisha

  3. divya says:

    how much loan can be taken in interest free loan ?

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