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With the number of working women rising in the country, gender-based progress is no longer a far-fetched dream.<\/p>\n\n\n\n
Needless to say, we are moving in the right direction, and women are slowly gaining an equal footing in the workplace. After all, women too can become problem solvers and excel in every field.<\/p>\n\n\n\n
But unfortunately, women in rural areas still face immense social stigma and have to cross several hurdles to become financially independent. Therefore, the Indian Government has introduced a scheme to provide business loans<\/a> to women entrepreneurs in the rural region.<\/p>\n\n\n\n Read on to learn all about the scheme.<\/p>\n\n\n\n It is a micro-finance scheme introduced by the Ministry of Social Justice and Empowerment Department on October 2nd, 1993. The scheme is oriented towards providing financial support to underprivileged women residing in rural areas and belonging to backward classes and poor economic backgrounds. It helps women with an entrepreneurial dream to fulfil their dreams.<\/p>\n\n\n\n Additional read – <\/strong>Mudra Yojana Scheme for Women: Everything You Need to Know About<\/a><\/p>\n\n\n\n MSY caters to the microfinance needs of women entrepreneurs belonging to the target groups. It aims to provide MSME loans through self-help groups under the Micro Finance Scheme. These loans are provided through the Regional Rural Banks (RRBs), State Channelizing Agencies (SCAs), and Nationalised Banks.<\/p>\n\n\n\n Moreover, the loan can be repaid through quarterly instalments within the next 4 years, including a moratorium period of 6 months after the recovery of the principal amount.<\/p>\n\n\n\n Here are the eligibility conditions for obtaining the benefits of this loan scheme for women:<\/p>\n\n\n\n Some essential benefits of MSY are as follows:<\/p>\n\n\n\n Additional read –<\/strong>Top 15 business ideas with low investment and high profits<\/a><\/p>\n\n\n\n The MSY scheme aims to promote women entrepreneurs from rural areas and help them achieve financial independence and overcome poverty. And to help such ambitious women, Tata Capital offers unique loan offerings at competitive business loan interest rates.<\/a><\/p>\n\n\n\n If you are a budding entrepreneur with a unique business idea, we can help you realise your dreams and reach your goals. So, what are you waiting for? Reach out to Tata Capital today!<\/p>\n\n\n\nWhat is Mahila Samridhi Yojana (MSY)?<\/strong><\/h2>\n\n\n\n
What are the objectives?<\/strong><\/h2>\n\n\n\n
Eligibility criteria<\/strong><\/h2>\n\n\n\n
Benefits of the MSY scheme<\/strong><\/h2>\n\n\n\n
In a nutshell<\/strong><\/h3>\n\n\n\n