Gujarat govt to provide interest-free loans to women

Gujarat government on Sunday said it will launch a special scheme to provide interest-free loans to promote self-employment among women in time of COVID-19 pandemic on September 17, birthday of Prime Minister Narendra Modi. Under Mukhyamantri Mahila Kalyan Scheme (MMKS), loans of Rs one lakh will be given to women self-help groups (SHGs) each comprising 10 members, an official release said.

state government will bear interest burden on loans, it said. A total of one lakh such SHGs--50,000 each in rural and urban areas--will begranted loans under scheme, it said.

" Gujarat government has decided to introduce a scheme to provide loan sans interest to women to make m self-employed. scheme will help women to become self-reliant and will enable m to help ir families to cope with finances in time of coronavirus pandemic," release said.

In rural areas of state, MMKS will be implemented by Gujarat Livelihood Promotion Company, while Gujarat Urban Livelihood Mission will implement it in urban areas.

"This scheme will help women to start ir own small business from ir homes," government said, adding that it will soon sign MoUs with banks and or lenders. 

(Im Credits:PTI)