Mahila Samriddhi Yojana: Eligibility, Benefits, How to Apply & More

11^th Dec 2025...

Published By : Team 811

Mahila Samriddhi Yojana Key Takeaways

Mahila Samriddhi Yojana supports women entrepreneurs from SC/ST/OBC with low-interest microfinance.
It provides skill training to encourage financial independence
The offered loans are up to INR 1.25 lakhs per beneficiary and up to INR 15 lakh per SHG

Mahila Samriddhi Yojana (MSY) provides microfinance loans at lower interest rates to the women entrepreneurs of underprivileged classes. It is available for Scheduled Castes, Scheduled Tribes, or other minority populations. This women empowerment scheme aims to uplift them, overcome social stigma, and earn financial independence.

What is Mahila Samriddhi Yojana?

The Mahila Samriddhi scheme 2024 was launched by the National Backwards Classes Finance and Development Corporation (NBCFDC) under the Ministry of Social Justice and Empowerment. The women empowerment scheme offers the following aid:

Supports training cost and stipend for the training of a group of 20 women in appropriate craft activities
Provides loans up to 90% of the Project Cost with a maximum amount of INR 1.25 lakhs.

Women from underprivileged classes can benefit from the scheme if they belong to the SC or ST category. Additionally, the Self-Help Groups (SHG) can take advantage of the scheme.

Who Benefits from the Mahila Samriddhi Yojana?

Women entrepreneurs belonging to the underprivileged classes benefit from the scheme. It includes people working as Safai Karamchai and Scavengers and their dependents.

MSY Benefits & Key Features

Provides loans to targeted groups, which can be individuals or SHGs, as per the eligibility criteria
Helps learn new skills and utilise them for financial independence
Maximum loan limit per SHG is INR 15 lakh, while per beneficiary is INR 1.25 lakh
Microfinances up to 90% of the cost to support the women entrepreneurs
Remaining 10% is provided by the State Channelizing Agents (SCAs) as a subsidy, a loan, or any other available source of funds
Rate of interest by NSFDC will be 1% from the SCAs/CAs, which in turn will charge 4% from the beneficiaries
Repayment is to be done in quarterly instalments within a 4-year duration. It includes a moratorium period of 6 months after the recovery of the principal

Applying for the loan requires the presence of a savings account. Get yours now from the comfort of your home and with zero investment at the 811 Zero Balance Digital Savings Account.

Eligibility Criteria of Mahila Samriddhi Yojana

Women must be from the Backward class (SC/ST/OBC categories) or low-income families, as per the updated notification by the Central/State Governments
Applicant must be between 18 to 55 years of age
Annual family income of the applicant should be up to INR 3 lakhs
For SHG, 60% of members can be from Backward classes, and the remaining 40% may be from other weaker sections, such as minorities/handicapped/SC, or others
Applicant should not be taking benefits from similar government loan schemes
Applicants must have an active bank account to receive the loan

Exclusions

Applicants belonging to households other than low-income households and not in the state age range.

Documents Required for Mahila Samriddhi Yojana

The documents required for the Mahila Samriddhi Yojana applying process are:

Address proof - Ration card, utility bill, or domicile certificate
Identity proof - Aadhaar card, PAN card, or voter ID
Age proof - Birth certificate, school certificate, or any other ID
Business plan indicating a detailed outline
Bank account details through a passbook copy or a bank statement
Caste certificate for applicants from backward classes and minority communities
SHG membership ID
Self-declaration form stating that the applicant is not availing benefits from similar schemes
Income certificate from a competent authority
Recent passport-sized photographs

Application Process of Mahila Samriddhi Yojana

The Mahila Samriddhi Yojana applying process requires following the steps mentioned below:

Visit the official website of NSFDC or the State government portal. You may also visit Regional Rural Banks/ Public Sector Banks/ BFC-MFIs/ women welfare offices or others for the information and application form
Fill the application form carefully and with accuracy. You will be required to provide personal, business, and financial information.
Attach the required documents and submit the form to the respective financial institution
After verification and approval, the loan will be sanctioned as per the applicant’s bank account

Check the Status of Mahila Samriddhi Yojana

You can connect with the respective authorities of the institute from which you took the application form regarding the status of the Mahila Samriddhi Yojana. You may also connect with the NBCFDC at +91-11-45854400 or 18001023399 (10:00 AM to 5:00 PM on weekdays) to know the status.

Benefit Disbursal of Mahila Samriddhi Yojana

The benefit is disbursed directly to the applicant or to the SHGs.

Conclusion

Mahila Samriddhi Yojana is a scheme launched by the government to support financial independence among the women of backward groups. It provides microloans at low interest rates to help them set up their businesses. The scheme also provides relevant training to the applicants or the SHGs. The condition is that the applicant must belong to SC/ST/OBC or other minority communities.

FAQs on Mahila Samriddhi Yojana

1. Does the Mahila Samriddhi Yojana require collateral to offer a loan?

No, collateral is not required to receive a loan through the Mahila Samriddhi Yojana.

2. What types of businesses can get a loan from Mahila Samriddhi Yojana?

The different businesses that are eligible for a loan under the Mahila Samriddhi Yojana are small and petty trade and sundry income-generating activities.

3. Can widows, divorced, or single women apply?

Yes, widowed, divorced, or single women can apply as long as they fulfill the eligibility criteria.

4. Can urban women apply for the Mahila Samriddhi Yojana?

Yes, both rural and urban women can apply for the Mahila Samriddhi Yojana. However, they must meet the eligibility criteria.

5. Can a woman restart a business through Mahila Samriddhi Yojana if her previous venture failed?

Yes, if the woman meets the eligibility criteria of the Mahila Samriddhi Yojana scheme, then she can restart her business with this aid.

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