Odisha Mission Shakti Loan Scheme Apply Online 2024: Check Eligibility for Interest Free Loan

Mission Shakti Loan Scheme Odisha 2024 How to Apply: Odisha’s Chief Minister Naveen Patnaik launched to increased the loan amount under the Mission Shakti Loan Initiative on Tuesday. Through this scheme eligible women members of the Self Help Groups will be availed Rs 10 lakh loan without paying any interest to start and grow their business or enterprise.

So, if you want to avail the Interest Free Loan Benefits then please read this full article which takes hardly 2 minutes from your watch. We explained all the details like Eligibility Conditions, Benefits, Documents Required, List of Banks along with Online Application Process etc.

Odisha Mission Shakti Loan Scheme How to Apply

Odisha Mission Shakti Loan Scheme Details 2024

Chief Minister Naveen Patnaik launched Mission Shakti Loan Scheme on 27th February. Through this scheme nearly 70 lakh women who joined Self Help Groups in the Odisha will be able to take a loan from the specified banks. Special feature of the Interest Free Loan Scheme for Women is they no need to pay single rupee as a interest of their loan amount. SHGs women will be able to take 1 million rupees as a loan under the scheme.

As per the CM said at the launching ceremony at Lok Seva Bhavan Convention Centre in Bhubaneswar, 15,000 crore rupees loan amount has been availed for the SHGs women in this financial year 2023-24 and now that will be reach to 75,000 crore rupees loan amount in the next 5 years.

History of Mission Shakti Loan Odisha

The first time Mission Shakti Loan – State Interest Subversion Scheme was introduced in the year of 2013. At that time state government was provided 3 lakh rupees loan at the interest rate of 2% in a year to the Self Help Groups Women. After that in the year of 2015, this scheme was revised and the amount of interest has been reduced to 1% for the same amount.

After that, Odisha State Government announced that now SHGs women can avail to take a loan with 0% interest rate under Mission Shakti Loan Programme of Rs 3 Lakh in 2019. From that, after the 4 years and norw CM Naveen Patnaik announced to increased the amount and that is going to be Rs 10 lakh with 0% interest rate for the women under the scheme.

Key Highlights

Scheme NameMission Shakti Loan Scheme
Last Revised Date27th February, 2024
BenefitsInterest Free Loan
Loan AmountRs 10 Lakh
How to ApplyThrough Mission Shakti Portal
Official Web Addresshttps://missionshakti.odisha.gov.in/
Helpline Number0674-2974093

Intent of Mission Shakti Loan Yojana

One of the main aim to starting Mission Shakti Loan Scheme is to majority of women actively involved in the corporate world. This goal seems to achieve through this scheme. That’s why state government also announced to launch of Mission Shakti Bazaars in the upcoming futures in Odisha for provide a plateform to the SHGs Women.

Benefits and Features

  • Loan Amount:- State Government of Odisha will provide now Rs 10 Lakh Rupees Loan under the scheme.
  • Interest Rate:- Beneficiaries of the scheme, don’t have to pay any interest fees for their loan amount.
  • No. Of Beneficiaries:- There 70 lakh women who joined SHGs in the state. It means directly they all are becoming beneficiaries under the scheme.
  • Mission Shakti Bazaars:- CM Naveen Patnaik announced that their government will start 5000 Mission Shakti Bazaars in the following 5 years.
  • Total Loan Amount:- As per the media data, this year state government was provided 15,000 crore as a loan and 75,000 crore loan for the upcoming 5 years.
  • Blazer and Uniform Support:- Odisha CM said that their government will provide blazer and uniform support for Mission Shakti Women and interest repayment scheme of 145 crore rupees.

Participating Bank List

Eligible women can avail the loan from these banks only.

  • Public Sector Banks
  • Private Sector Banks
  • Regional Rural Banks
  • Co-operative Banks

Mission Shakti Loan Eligibility Conditions

  • Permanent Resident of Odisha can avail the benefits of the scheme.
  • Only women are eligible to take loan under the scheme.
  • Those women who are the member of Self Help Groups are eligible.
  • Both rural and urban women are eligible.

Documents Required

  • Aadhaar Card
  • SHGs Member ID Card
  • PAN Card Details
  • Email ID
  • Mobile Number
  • Address Proof
  • Bank Details
  • Passport Size Photo

Mission Shakti Loan Apply Online

Following steps will help you to apply online for Mission Shakti Loan Scheme in Odisha.

Step 1: Visit Official Website. (https://missionshakti.odisha.gov.in/)

Step 2: On the Home page click on the Apply Link.

Step 3: Now Mission Shakti Loan Form will be opened on your screen.

Step 4: Enter all the necessary details like your name, address, member I’d etc.

Step 5: Now enter the documents whatever the required.

Step 6: Click on the Submit option.

Contact Details

Address: Department of Mission Shakti, Lok Seva Bhawan, Sachivalaya Marg, Bhubaneswar, 751001

Email: [email protected]

Phone: 0674-2974093

For Latest UpdatesSarkari Yojana By Pranav Patel
Official WebsiteClick Here
Other Schemes of OdishaOdisha Govt Schemes

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Q: Can every women will be eligible to get 10 lakh loan under Mission Shakti Loan Scheme?

A: No, only those who are the member of Self Help Groups in Odisha.

Q: How Much interest should I pay for the loan amount 10 lakh under Mission Shakti Scheme?

A: 0% Interest

Q: How to apply for Mission Shakti Loan Scheme?

A: Full application process provided in this article.

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