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CM Sukhu launched scheme to economically empower women

CM of Himachal Pradesh announced the launching of a collateral-free loan scheme, namely Sashakt Mahila Rin Yojna to economically empower women.

About the scheme:

Himachal Pradesh CM Sukhvinder Singh Sukhu launched a new scheme on 20th July to economically empower women.

The ‘Sashakt Mahila Rin Yojna’ is an initiative of the Himachal Pradesh State Cooperative Bank (HPSCB) which will provide loans to women for pursuing their entrepreneurial dreams, engage in livelihood activities, fulfil their day-to-day needs and uplift their families.

Eligibility Criteria:

This scheme is mainly launched to provide financial assistance to bonafide Himachali women to fulfil their needs and dreams.


Sashakt Mahila Rin Yojna has been launched with the primary aim to economically empower women of Himachal Pradesh by providing loan facilities to them which will help them to fulfil their day-to-day needs and their entrepreneurial dreams.

Benefits provided under the scheme:

Under this scheme, beneficiaries will get the credit facility of Rs.21,000, Rs.51,000 and Rs.1,01,000 at a relatively low interest rates of 8.51%. The main benefit of this scheme is that beneficiaries need not to provide any assets or collateral as security against the loan amount.

Significance of the Scheme:

  • This scheme will economically empower women to fulfil their needs and dreams.
  • The absence of collateral will remove a significant barrier for women, especially those who are may not have any valuable assets to offer as security to raise loan.
  • This scheme will contribute to the economic empowerment of women, make them financially independent and improve their socio-economic status.                                                                                                                                                                                                                                                                                                                                                                  Find More News Related to Schemes & Committees

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