Begin typing your search above and press return to search.
proflie-avatar
Login
exit_to_app
Trump
access_time 22 Nov 2024 2:47 PM GMT
election commmission
access_time 22 Nov 2024 4:02 AM GMT
Champions Trophy tournament
access_time 21 Nov 2024 5:00 AM GMT
The illness in health care
access_time 20 Nov 2024 5:00 AM GMT
The fire in Manipur should be put out
access_time 21 Nov 2024 9:19 AM GMT
America should also be isolated
access_time 18 Nov 2024 11:57 AM GMT
DEEP READ
Munambam Waqf issue decoded
access_time 16 Nov 2024 5:18 PM GMT
Ukraine
access_time 16 Aug 2023 5:46 AM GMT
Foreign espionage in the UK
access_time 22 Oct 2024 8:38 AM GMT
exit_to_app
Homechevron_rightBusinesschevron_rightHimachal CM launches...

Himachal CM launches collateral-free loan scheme for women

text_fields
bookmark_border
Himachal CM launches collateral-free loan scheme for women
cancel

Shimla: Himachal Pradesh Chief Minister Sukhvinder Singh Sukhu launched a collateral-free loan scheme for women, on Thursday.

The scheme, 'Sashakt Mahila Rin Yojna', is an initiative of Himachal Pradesh State Cooperative Bank (HPSCB), which will provide loans to women for pursuing their entrepreneurial dreams, engage in livelihood activities, fulfill their day-to-day needs, and uplift their families, a statement issued here said.

Under the scheme, the bank offers a credit of Rs 21,000, Rs 51,000, and Rs 1,01,000 at a relatively low-interest rate of 8.51 percent.

CM Sukhu said that the scheme aims to empower women so that the applicants need not provide any assets or collateral as security against the loan amount.

“The absence of collateral removes a significant barrier for women, especially those who may not have valuable assets to offer as security for taking loans,” he added.

By providing financial assistance to women for self-employment and livelihood activities, the scheme will contribute to the economic empowerment of women, make them financially independent and improve their socio-economic status, the chief minister said.

With inputs from PTI

Show Full Article
TAGS:Sukhvinder Singh SukhuSashakt Mahila Rin YojnaHimachal Pradesh State Cooperative BankHPSCBHimachal Pradesh Chief Minister
Next Story