Big News IOB Mahila Saksham Scheme 2024: Apply Online, Eligibility and Benefits

The 2024 IOB Mahila Saksham Scheme was introduced by the Indian Overseas Bank. The IOB Mahila Saksham Scheme 2024 has been introduced by the Indian Overseas Bank to encourage female nationals of India to become entrepreneurs. Under the programme, all Indian women nationals who wish to start their own businesses are eligible to get financial support. The eligible female entrepreneur will receive a loan facility of up to INR 10 lakh, according to reports. For all female nationals to be eligible for the benefits of the IOB Mahila Saksham Scheme 2024, they must go to the official website and complete the online application.

The objective of IOB Mahila Saksham Scheme

The primary thing of the action is to guarantee that every Indian women entrepreneurs induce at least INR 1 lakh a time. The program is linked to the Lakhpati Didi Yojana, which aids womanish business owners in greatly boosting their monthly profit. womanish people can greatly expand their companies and achieve fiscal independence with the aid of this program. All of India’s financially precarious womanish occupants will see an enhancement in their position of life and social standing thanks to this program. By offering fiscal support to womanish entrepreneurs, the Indian government would induce job chances for individuals with intermediate chops.
Also Read: Mo Ghara Yojana Odisha 2024 Scheme 

IOB Mahila Saksham Scheme

Scheme Name IOB Mahila Saksham Scheme
Started byIndian Overseas Bank
GoalProvide financial benefits
RecipientsFemale entrepreneurs
Official website 
Facility of Shivam credit INR 10 lakh
EligibilityFemales of self-help group
Also Read: CM Kisan Yojana Odisha Apply Online

List Eligible Business (Activities)

  • Mushroom civilization
  • High- value crop civilization in hothouse/ poly house, floriculture etc.
  • Allied conditioning like dairy, flesh, sericulture, pisciculture, Goat & lamb rearing etc.
  • Beauty parlor and salon services
  • Tailoring shop
  • pastoral eco- tourism
  • Restaurant
  • Internet cafe and photocopy
  • Confectionary shops including soft drinks
  • Groceries/ stationary shops
  • Fruits and vegetables shop
  • Cosmetic shop
  • Papad/ Traditional snacks
  • Flour shop
  • oil painting processing units
  • crafts, weaving, cloth bags, covers, baskets etc.
  • Crockery & pottery
  • Artificial jewelry making unit
  • lavaliers – Glass and lac particulars
  • Agarbatti/ candle making unit
  • Cleaner timber/ liquid cleaner/ soap/ washing cleaner
  • essence and club products
  • Hose unit
  • Aseptic apkins hankie manufacturing unit
  • Paper plates mugs glass manufacturing
  • Agri Clinic and Agri Business center

Required Documents

  • Aadhaar Card
  • Pan Card
  • Mobile Number
  • Business official documents

Also read: Majhi Ladki Bahin Yojana 2nd List 2024

Loan Amount

  • Minimum: 75,000 and above INR 
  • Maximum: Up to Rs.10,00,000 INR

Also Read: Tamil Nadu Women Employment and Protection Scheme (WE-SAFE) 2024

Eligibility Criteria

Loan above Rs. 75,000 to Rs. 2 Lakhs

ParameterDetails
Amount of Loan Rs. 75,000 to Rs. 2 Lakhs
Age requirement 21 to 60 years 
Eligibility criteria Two years old and one completed successful bank loan cycle
Membership Vintage in SHGA minimum of one SHG loan cycle and two years of participation
Minimum Loan for MembersRs. 25,000
Business Retrotwo years of sustainable business
Co-ApplicantNot required
Points to Check
SecurityHypothecation of assets derived from bank financing is the primary security. Zero Collateral Security
Also read: Ladki Bahin Yojana Money Transfer Date 2024: 

Loan above Rs. 2 Lakhs to Rs. 5 Lakhs

ParameterDetails
Amount of Loan Rs. 2 Lakhs to Rs. 5 Lakhs
Age requirement 21 to 60 years (60 at the end of loan tenure)
Eligibility criteria Three years old and two completed successful bank loan cycle
Membership Vintage in SHGA minimum of two SHG loan cycle and three years of participation
Minimum Loan for MembersRs. 40,000
Business RetroThree years of business experience
Co-ApplicantRequired in registered entities
Points to Check
SecurityHypothecation of assets derived from bank financing is the primary security. Zero Collateral Security
Read more: NREGA Job Card Registration 2024

Loan above Rs. 5 Lakhs to Rs. 10 Lakhs

ParameterDetails
Amount of Loan Above Rs. 5 Lakhs to Rs. 10 Lakhs
Age requirement 21 to 60 years (60 at the end of loan tenure)
Eligibility criteria Three years old and two completed successful bank loan cycle
Membership Vintage in SHGA minimum of two SHG loan cycle and three years of participation
Minimum Loan for MembersRs. 40,000
Business Retro3 years of viable business
Co-ApplicantRequired in registered entities
Points to CheckRecords from the last 24 months with SHGs for payback and appropriate financial analysis.
SecurityHypothecation of assets derived from bank financing is the primary security. Zero Collateral Security
Also Read: Kejriwal 1000 Rupees Scheme 2024

Repayment Schedule

60 yearly/ 20 Daily installments including the  doldrums period.   
Also read: DDA Sasta Ghar Housing Scheme 2024

Processing Fee

The processing freights will be 0.40 of the limit sanctioned plus applicable GST( for both Term loan and working capital).
ReadMore: MATES Migration Scheme for Indians 2024

Application Process

STEP 1 All womanish citizens who want to mileage the benefits of the IOB Mahila Saksham Scheme 2024 are requested to visit the sanctioned website.

STEP 2 Once the womanish citizens reach the home runner of the sanctioned website they must detect and click on the option called “ Apply now ”.

STEP 3 A new runner will appear on your desktop screen. The ladies must enter all the details that are asked and attach all the necessary documents.

STEP 4 After entering all the details the womanish citizens must snappily review it and click on the option “ submit ” to complete their process.

Contact Details

Toll Free 18008904445/18004254445

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I am FizzaBadani, a Professional Contact Writer,Hindiyojananews.net is your trusted source for the latest information on government schemes, policies, and important news updates in Hindi. We aim to empower readers with accurate, timely, and easy-to-understand articles on a wide range of topics that impact everyday lives, from yojana (government schemes) to financial planning, employment opportunities, and social welfare programs.

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