What you get
- Financial assistance of up to ₹5,00,000/- per Self-Help Group (SHG) project, with ₹25,000 allocated per beneficiary (up to 20 members per SHG). | - Funding shares include 95% from the Central Corporation and 5% from the State Corporation. | - No beneficiary contribution is required. | - Low interest rate of 5% per annum. | - Repayment period of up to 3 years to ease financial planning.
Who can apply
Required Paperwork
- Aadhaar Card
- PAN Card
- Income Certificate
- Residence Proof (Domicile)
Common Questions
What is the main purpose of the Swarnima Scheme?
The scheme provides financial assistance to OBC female beneficiaries to start self-employment activities.
Who is eligible to apply for the Swarnima Scheme?
Female beneficiaries belonging to the OBC category, domiciled in Maharashtra, aged between 18-50 years, and meeting the income criteria are eligible.
What is the maximum loan amount available under the Swarnima Scheme?
Beneficiaries can receive up to [?]5 lakh for self-employment projects.
What is the rate of interest on loans provided under this scheme?
The interest rate is 5% per annum.
How is the loan amount disbursed to the beneficiaries?
The loan amount is deposited directly into the beneficiary's bank account.
What is the repayment period for the loan?
The loan repayment period is 3 years.
Are there any income limits for eligibility under this scheme?
Yes, the family's annual income must be below [?]98,000 for rural areas and [?]1,20,000 for urban areas.
What documents are needed to apply?
Essential documents include proof of identity, proof of domicile, caste certificate, and income certificate.
Is the scheme available for all self-employment activities?
Yes, but the type of self-employment must be approved by the department under the scheme guidelines.