About the Scheme

The Mukhyamantri Nari Shakti Udyam Protsahan Yojana is run by the Women Empowerment Department of the Rajasthan Government. It helps women, women's self-help groups (SHGs) and their clusters or federations start a new enterprise, or expand, diversify or modernise an existing one, with a bank loan and a state subsidy on that loan.

Loans are available for manufacturing, service, trade, dairy and agro-based businesses. The whole process is online through the Raj SSO portal, and applicants do not need a CA or any special qualification to apply.

Maximum Loan Amount

The maximum subsidy under the scheme is ₹15 lakh. If your project costs more than the loan limit, you can put in the extra amount from your own funds. Loan limits can be revised, so confirm the latest figures on the official portal before applying.

Key Benefits

• 25% subsidy on the sanctioned loan; 30% for widows, abandoned women, survivors of violence, women with disabilities and SC/ST applicants.
• The subsidy amount is kept in your loan account as a term deposit receipt (TDR) for 3 years, and no interest is charged on that portion.
• After 3 years, if the unit is running well and repayments are regular, the subsidy is deducted from your outstanding loan. For a ₹10 lakh loan, that means ₹2.5 lakh at 25%.
• No collateral security is asked on loans up to ₹10 lakh, as per RBI guidelines.
• Loans for new units as well as expansion, diversification and modernisation of existing ones.
• No CA-prepared project and no educational qualification required.
• Repayment can go beyond 5 years by agreement with the lender.
• Applications for loans below ₹10 lakh are reviewed and decided at the office level itself.

Eligibility

• Woman applicant aged 18 or above; there is no upper age limit.
• The applicant must be a resident of Rajasthan.
• Individual women, women SHGs, and clusters or federations of women SHGs can apply.
• SHGs must be registered under a state government department, and federations under the Cooperative Act.
• Own contribution of 5% for projects up to ₹10 lakh and 10% for projects above ₹10 lakh.
• The lender must be a financial institution located in Rajasthan.

Not eligible under this scheme:

• Loan taken for buying land
• Manufacture or sale of meat, liquor or intoxicant products
• Explosives
• Transport vehicles with an on-road price above ₹10 lakh
• Non-recyclable polythene and environmentally harmful plastic products
• Any product or activity banned by the Central or State Government

Lending Institutions

• Nationalised commercial banks
• RBI-authorised private scheduled commercial banks
• Scheduled small finance banks
• Regional Rural Banks
• Rajasthan Financial Corporation
• SIDBI

Required Documents

• Domicile (Mool Niwas) certificate
• Applicant's photograph
• Project report (clear and accurate)
• Educational certificates, if available
• Aadhaar-linked mobile number
• Raj SSO ID

How to Apply Online

1. Register on the Raj SSO portal. Keep your documents and an Aadhaar-linked mobile number ready.
2. Sign in to the scheme portal through SSO and click "New Application".
3. Fill in your personal details, enterprise details and proposed activity, and upload the documents.
4. The Women Empowerment Department reviews the application and recommends it to the bank.
5. The bank gives the final loan sanction, so keep in touch with your bank.
6. Watch for SMS updates at each stage, and after the loan is released, update your progress on the portal or app.

Important Links

Disclaimer: This blog is written in our own words from information on the official scheme portal. Rules, loan limits and subsidy can change, so please confirm the latest details on the official portal or with the District Women Empowerment office before applying. Emitrawala.com is not an official representative of the department.