Sashakt Mahila Rin Yojana

July 24, 2023

The CM recently announced the launching of a collateral-free loan scheme, called Sashakt Mahila Rin Yojana to economically empower women.
The ‘Sashakt Mahila Rin Yojna’ is an initiative of the Himachal Pradesh State Cooperative Bank (HPSCB) which will provide loans to women for pursuing their entrepreneurial dreams, engage in livelihood activities, fulfil their day-to-day needs and uplift their families.
Under this scheme, beneficiaries will get the credit facility of Rs.21,000, Rs.51,000 and Rs.1,01,000 at a relatively low interest rates of 8.51%.
The main benefit of this scheme is that beneficiaries need not to provide any assets or collateral as security against the loan amount.