Dauphin Island COC

Main Menu

  • Dauphin Island
  • Mobile Alabama
  • Spanish Fort Alabama
  • Orange Beach Alabama
  • Finance Debt

Dauphin Island COC

Header Banner

Dauphin Island COC

  • Dauphin Island
  • Mobile Alabama
  • Spanish Fort Alabama
  • Orange Beach Alabama
  • Finance Debt
Finance Debt
Home›Finance Debt›Gujarat CM announces interest-free loan program for women’s groups

Gujarat CM announces interest-free loan program for women’s groups

By Theresa M. Bates
March 9, 2021
0
0


Chief Minister Vijay Rupani announced on Sunday that Mukhyamantri Mahila Utkarsh Yojana (MMUY) – an interest-free loan program to women’s groups in the state – will be launched on September 17, Prime Minister Narendra Modi’s birthday.

An official statement said the government planned to provide a total loan of up to Rs 1,000 crore to these groups to be registered as a Joint Responsibility and Income Group (JLEG). The statement said that in the state’s post-Covid socio-economic lifestyle, the government is committed to ensuring that women play a key role. As part of this commitment, the statement added, the government plans to provide interest-free loans to 10 lakh women across the state under the new program.

Under the MMUY, 50,000 JLEGs will be trained in urban areas. Likewise, 50,000 of these groups will also be trained in rural areas.

Each group will have 10 female members. And these groups will receive interest-free loans from the government. The amount of interest will be borne by the state government. And the government will soon sign memoranda of understanding with the banks, the statement said. The government has also decided to waive stamp duties for loans to these groups of women.

About 2.51 registered sakhi mandalas in rural areas and around 24,000 registered sakhi mandalas in urban areas will be eligible for the benefits of the scheme provided they have repaid any bank loans or other borrowings. Approximately 27 lakh women are associated with these sakhi mandals across the state.


Related posts:

  1. Airlines, restaurants, pensions among the winners of the recovery plan
  2. Starling and Tide admit leaving customers unhappy with BBLS but say they’ve helped many others
  3. Key Considerations for PPP Documentation – Update #3 | Schwabe, Williamson & Wyatt PC
  4. Fueling the community’s economy, one small business at a time

Recent Posts

  • The climate crisis is here, but all industries can help reverse it
  • A mysterious cannon will be the centerpiece of Spanish Fort Town Hall
  • LCBoE recognizes student excellence | News
  • Savannah Bananas baseball team supports 2022 Coastal Plains league season
  • Long-term substitute teacher makes a good impression, will land full-time in the classroom

Archives

  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021

Categories

  • Dauphin Island
  • Finance Debt
  • Mobile Alabama
  • Orange Beach Alabama
  • Spanish Fort Alabama
  • Terms and Conditions
  • Privacy Policy