The Mukhyamantri Mahila Arthik Madad Yojana is a financial assistance scheme launched by the government of Maharashtra in 2017. The scheme is aimed at providing financial assistance to women entrepreneurs from economically weaker sections of the society. Under this scheme, eligible women entrepreneurs can receive a subsidy of up to 15 lakhs for setting up or expanding their businesses.
Benefits of the Scheme The Mukhyamantri Mahila Arthik Madad Yojana aims to provide a boost to women entrepreneurship by providing financial assistance for setting up or expanding their businesses. The scheme provides a subsidy of up to 15 lakhs to eligible beneficiaries for investment in fixed assets like land, building, plant, and machinery. The scheme also provides a subsidy of up to 50% of the investment or a maximum of 1 lakh for working capital requirements. The scheme also provides a subsidy of up to 75% for the cost of project reports and technical assistance.
Eligibility Criteria To be eligible for the scheme, the applicant must be a woman entrepreneur from the economically weaker section of the society. The applicant must have a minimum educational qualification of 10th standard and must be a resident of Maharashtra. The applicant must also have a viable business plan and must not have defaulted on any loan repayment in the past.
Application Process The interested beneficiaries can apply for the scheme by visiting the official website of the Directorate of Industries, Maharashtra. The applicant must fill out the application form and submit it along with the required documents. After the application is submitted, the applicant will receive an acknowledgement receipt, which can be used to track the status of the application. The application will be processed, and if found eligible, the beneficiary will receive the subsidy in their bank account.
Conclusion The Mukhyamantri Mahila Arthik Madad Yojana is a game-changer in the field of women entrepreneurship in Maharashtra. It provides a much-needed boost to women entrepreneurs from the economically weaker section of the society by providing them with financial assistance for setting up or expanding their businesses. The scheme is aimed at empowering women by providing them with the necessary financial assistance and technical support to start their own businesses. The scheme is a step towards a more inclusive and equitable society, where women can participate in the economic growth of the state. With its focus on empowering women, the Mukhyamantri Mahila Arthik Madad Yojana is a step in the right direction towards a better future for all.