Mahila Samriddhi Yojana 2026: Women Can Get Up to ₹1.40 Lakh Loan to Start Their Own Business
Women across the country are increasingly stepping into entrepreneurship and becoming financially independent. However, one of the biggest challenges many aspiring women entrepreneurs face is the lack of funds to start a business. To address this issue, the Central Government has introduced several welfare schemes, including the Mahila Samriddhi Yojana.
Under this scheme, eligible women can avail of loans of up to ₹1.40 lakh at a low interest rate to start or expand their own business. The scheme is designed to encourage self-employment and improve the economic status of women, especially those belonging to weaker sections of society.
What is Mahila Samriddhi Yojana?
Mahila Samriddhi Yojana is a financial assistance scheme implemented under the Ministry of Social Justice and Empowerment. The objective of the scheme is to provide affordable credit facilities to women who wish to establish small-scale businesses and become self-reliant.
The scheme supports various income-generating activities such as:
- Tailoring and garment making
- Handicrafts and handloom work
- Beauty parlors and salons
- Small manufacturing units
- Agriculture-related businesses
- Food processing activities
- Other micro and small enterprises
Apart from providing loans, the scheme also focuses on skill development. Selected groups of women are offered free training programs and may receive stipends during the training period. After successful training, participants are often encouraged to form Self-Help Groups (SHGs), which can further benefit from financial assistance under the scheme.
Loan Amount and Interest Rate
One of the major advantages of Mahila Samriddhi Yojana is its affordable financing options.
Key Financial Benefits
- Maximum Loan Amount: Up to ₹1,40,000
- Interest Rate: Approximately 6% per annum
- Sub-Scheme Interest Rates: In some cases, rates may range from 2% to 6%
- Repayment Period: Up to 3 years
Moratorium Facility
To help women establish their businesses without immediate financial pressure, the scheme provides a grace period before repayment begins.
- Moratorium Period: 3 to 6 months
- No EMI payment is required during this period, allowing beneficiaries to set up and stabilize their business operations.
Eligibility Criteria
Women applicants must fulfill the following conditions:
- Age should be between 18 and 55 years.
- Preference is given to women belonging to SC, ST, OBC, and minority communities.
- Annual family income should be less than ₹3 lakh.
- The applicant should be a permanent resident of Karnataka.
- Applicants should be interested in starting or expanding a small business or self-employment activity.
Documents Required
Applicants should keep the following documents ready while applying:
- Aadhaar Card
- Any valid Identity Proof
- Address Proof (Ration Card, Electricity Bill, etc.)
- Caste Certificate
- Income Certificate
- Bank Passbook Copy
- Recent Passport-Size Photographs
- Self-Help Group Membership Proof (if applicable)
Apply Link
How to Apply for Mahila Samriddhi Yojana?
Eligible women can apply by following these simple steps:
Step 1: Download the Application Form
Visit the official scheme website and download the application form.
Step 2: Fill in the Details
Enter all the required information accurately, including:
- Name and personal details
- Age and address
- Business proposal
- Loan amount required
- Contact information
Step 3: Attach Required Documents
Attach copies of all supporting documents, including identity proof, income certificate, caste certificate, and bank details.
Step 4: Submit the Application
Submit the completed application form to:
- District offices of the State Channelising Agencies
- Regional Rural Banks
- Nationalized Banks associated with the scheme
The concerned authorities will verify the application and process it according to eligibility norms.
Benefits of the Scheme
The Mahila Samriddhi Yojana offers several advantages to women entrepreneurs:
- Easy access to business loans
- Low interest rates
- Flexible repayment options
- Moratorium period for business setup
- Free skill development training
- Support for Self-Help Groups
- Encouragement for women entrepreneurship and self-employment
Mahila Samriddhi Yojana 2026
Mahila Samriddhi Yojana is an excellent opportunity for women who wish to start their own business but face financial constraints. With loans of up to ₹1.40 lakh, low interest rates, training support, and flexible repayment options, the scheme can help women achieve financial independence and improve their livelihoods.
Eligible women are encouraged to apply as soon as possible and take advantage of this government initiative to build a successful future through self-employment and entrepreneurship.
Apply Link: Visit the official Mahila Samriddhi Yojana portal and follow the application process as instructed.