in ,

Mahila Nidhi Scheme: Women Entrepreneurs in Rajasthan Can Get a 40,000 Loan Through the Scheme

Under the Mahila Nidhi initiative, female business owners can obtain a loan of more than Rs 40,000 within 15 days after approval.

Mahila Nidhi Scheme- Women Entrepreneurs
Source: Unsplash

The chief minister of Rajasthan, Ashok Gehlot, introduced the Mahila Nidhi Scheme for female entrepreneurs on August 26. This is meant to aid entrepreneurs and small company endeavors in locating a means of self-support.

This program intends to assist businesswomen in obtaining a small loan to help them launch their businesses by purchasing necessities.

Gehlot stated at a gathering that “social thought and behavior need to alter in order to better the status of women in society. The state government administers a number of social programs for women.”

Through the Rajasthan Rural Livelihood Development Council, the Mahila Nidhi initiative would be implemented in the state government’s 2022–2023 budget.

Loan Under the Mahila Nidhi Scheme

Under this program, women who apply for loans can receive up to 40,000 transferred into their bank accounts. This credit period lasts for 48 hours. The time frame would be 15 days if the loan amount exceeded Rs 40,000.

In the state’s 33 districts, there are 2.70 lakh self-help groups at present. These organizations thereby link approximately 30 lakh families. The government plans to create 50,000 self-help groups in 2022–2023, reaching even more families than they do now.

The Benefits of the Mahila Nidhi Program

The Rajasthan Mahila Nidhi project is now expected to help over 36 lakh families. It will unfold in a number of stages.

Gehlot also gave out loans totaling Rs 1.42 crore to women in 386 self-help groups spread across six districts during the event. He also rewarded eight Rajeevika community cadre women.

Rajasthan is the second state after Telangana to introduce a special program for female entrepreneurs. With financial support, it seeks to strengthen self-help organizations. The program would raise the incomes of families in low-income and marginalized communities.

The state government has also signed an MoU with Amazon to expand the benefits of the program and allow female entrepreneurs to sell their goods online. It will consider goods made or created by more than 15,000 entrepreneurs or people involved in self-help organizations. Millions of Amazon consumers will be able to purchase these items once they are posted on the online store.

When commenting on the development, Gehlot claimed that the state was breaking previous records in the field of education. He cited the fact that more women than boys are admitted to higher education to back up his prior remark.

What do you think?

Written by Yashika Goel

From Arts and Journalism background, Yashika is a graphic designer and content writer living in Delhi. When not working, you’ll find me eating pasta, travelling, reading books, drinking coffee or painting. Join me as I learn more about myself and show you how to love life daily!

Cervical Cancer Vaccine

The First Indian-Made Cervical Cancer Vaccine to Be Available Soon


Meet Linthoi Chanambam, India’s First Judo World Champion