The Indira Mahila Shakti Udyam Protsahan Yojana represents a significant step forward in the Rajasthan government’s efforts to empower women through entrepreneurship. It’s a programme that shines as a beacon of opportunity, allowing women to enter and thrive in the business world. Financial barriers are a major impediment for aspiring female entrepreneurs, and this initiative not only identifies them but also provides practical solutions to overcome them. The vision behind this yojana is to create an ecosystem in which women’s financial autonomy is a reality, thereby strengthening the state’s economic framework.
| Feature | Description |
|---|---|
| Name of the Yojana | Indira Mahila Shakti Udyam Protsahan Yojana (IMSUPY) |
| State | Rajasthan |
| Initiated By | Rajasthan Government |
| Yojana Overview | The scheme aims to empower women entrepreneurs by providing financial assistance and support to start or expand their businesses. It focuses on promoting self-employment, reducing unemployment among women, and supporting the growth of MSMEs led by women. |
| Beneficiaries | Women entrepreneurs, including individuals and self-help groups. Special emphasis on Scheduled Castes/Tribes, Scheduled Castes, widows, abandoned women, victims of violence, and disabled women. |
| Registration Process | Online |
| Official Website | https://sso.rajasthan.gov.in/signin |
| Contact | 0141-226712/11 |
Table of Contents
Details about Indira Mahila Shakti Udyam Protsahan Yojana
This scheme has been meticulously designed to meet the needs of Rajasthan’s female entrepreneurs, with the goal of causing a significant shift in the entrepreneurial landscape. It provides financial and other support to women, encouraging them to start or expand their businesses. This assistance ranges from providing loans to individual women and self-help groups to facilitating collateral-free loans for large projects. The detailed approach taken by the Indira Mahila Shakti Udyam Protsahan Yojana demonstrates the Rajasthan government’s commitment to creating a nurturing environment for female entrepreneurs, allowing them to navigate the challenges of the business world.
Objectives
The scheme’s objectives are thoughtfully aligned with the broader goal of women’s empowerment. They include:
- Encouraging Entrepreneurial Ventures: Motivating women to establish their businesses and attain financial independence.
- Reducing Unemployment: Diminishing the unemployment rate among women by providing them with entrepreneurial opportunities.
- Bolstering MSME Growth: The emphasis on women-led MSMEs highlights the scheme’s role in economic development.
- Promoting Financial Inclusion: Ensuring women’s access to essential financial services and support.
- Economic Empowerment: The ultimate goal is to economically empower women, enabling them to contribute significantly to their families and the state’s economy.
These objectives collectively pave the way for a transformative journey for women entrepreneurs in Rajasthan, equipping them with the tools and confidence needed to succeed in their business endeavors.
Registration Process
Registering for the Indira Mahila Shakti Udyam Protsahan Yojana is a straightforward online process designed to be accessible and user-friendly. Here’s how you can get started:
- Visit the Official Portal: First, applicants need to visit the official portal. This is where the entire registration and application process begins.
- Registration: Click on the “Register” option. You’ll be taken to the SSO (Single Sign-On) registration page, offering options like Citizen, which you can proceed with using either your Jan Aadhaar or Google account.
- For Jan Aadhaar: Enter your Jan Aadhaar number, proceed to the next step, select your and your family members’ names, and click on ‘Send OTP’. Upon entering the OTP and verifying it, your registration is complete.
- For Google: Enter your Gmail ID, follow the prompts to enter your password, and proceed as directed to create your SSO ID.
- Application: After registration, go back to the official portal and click on “Apply”. Follow the alerts to log in with your new credentials.
- Filling the Application: The application form needs to be filled out in 7 steps, covering details from general information to the specifics of your proposed project and financial institution details. Ensure all information is accurate and complete.
- Submission: Once all details are filled in, you can submit your application form. This final step completes your application process for the scheme.
Benefits
The Indira Mahila Shakti Udyam Protsahan Yojana offers a range of benefits designed to support and encourage women entrepreneurs in Rajasthan. These benefits are tailored to address the financial barriers that women often face when starting or expanding their businesses. Let’s delve into these benefits:
- Loan Support: Individual women entrepreneurs can access loans up to ₹50,00,000, while self-help groups are eligible for loans up to ₹1,00,00,000. This significant financial backing aims to fuel their business ventures, enabling them to scale and grow.
- Margin Money: To further ease the financial burden, the scheme provides margin money of 25% of the sanctioned loan amount. This support is increased to 30% for women from vulnerable sections, including Scheduled Castes/Tribes, widows, abandoned women, victims of violence, and disabled women. The cap for margin money is set at ₹15,00,000, making it a substantial aid for the beneficiaries.
- Collateral-Free Loans: Aligning with the Reserve Bank of India’s guidelines, loans up to ₹10 lakh do not require collateral. For loans above this amount, the scheme facilitates linkage with the Credit Guarantee Trust Fund for Micro and Small Enterprises (CGTMSE), with the fee borne by the beneficiary. This provision significantly lowers the entry barriers for women looking to venture into or expand their business.
These benefits are a testament to the Rajasthan government’s commitment to creating an inclusive and supportive environment for women entrepreneurs, thereby paving the way for their success in the entrepreneurial realm.
Eligibility Criteria
Understanding the eligibility criteria is crucial for applicants to benefit from the Indira Mahila Shakti Udyam Protsahan Yojana. The scheme sets forth specific requirements to ensure that the aid reaches the intended beneficiaries effectively:
- Age Requirement: Applicants must be 18 years or older. This criterion ensures that beneficiaries have the legal capacity to enter into contractual agreements, which is essential for running a business.
- Residency: Eligibility is reserved for women who are permanent residents of Rajasthan, ensuring that the benefits of the scheme are directed towards empowering the local population.
- Self-Help Groups and Federations: For self-help groups or clusters/federations to be eligible, they must be registered under any department of the state government. In the case of clusters/federations, registration under the Cooperative Act as per the rules is necessary.
By setting clear eligibility criteria, the scheme ensures that the support reaches women who are in a position to leverage it for creating sustainable and growth-oriented businesses. This focus on inclusivity and support is a cornerstone of the Indira Mahila Shakti Udyam Protsahan Yojana, making it a vital instrument for women’s economic empowerment in Rajasthan.
Required Documents
To ensure your application is processed without any hitches, here’s a checklist of the documents you’ll need:
- Aadhar Card: A must for verifying your identity.
- Address Proof: To confirm your residency in Rajasthan.
- Bank Account Statement: Required to assess financial stability and for transaction purposes.
- Passport Size Photo: For identification purposes.
- Mobile Number: Essential for communication and further verification processes.
Gathering these documents beforehand will streamline your application process, making it smoother and quicker.
Exclusions
While the Indira Mahila Shakti Udyam Protsahan Yojana is designed to support a wide range of women entrepreneurs in Rajasthan, there are specific exclusions to ensure the targeted and effective utilization of resources. Understanding these exclusions is important for applicants to assess their eligibility:
- Previous Benefits: Families that have benefited from any central/state employment-oriented grant program or scheme in the last 5 years are not eligible. This ensures that the scheme reaches those who have not yet received similar support.
- Financial Integrity: Applicants from families where any member is a defaulter of any financial institution or bank will not be eligible. This criterion emphasizes the importance of financial responsibility.
- Ineligible Activities: The scheme does not support businesses involved in:
- Manufacture and sale of products made from meat, liquor, and intoxicants.
- Production or dealing in explosive substances.
- Operations involving transport vehicles with an on-road price exceeding ₹10 lakh.
- Production and sale of non-recyclable polythene and environmentally harmful plastic products.
- Any products or activities periodically banned by the Government of India or State Government.
Additionally, Entrepreneurial Intent: Applicants must demonstrate a genuine intent and a viable plan for their entrepreneurial venture. Proposals that lack a clear business model, potential for sustainability, or social impact may be deprioritized. This addition ensures that the scheme benefits genuine entrepreneurs who are committed to contributing positively to the economy and society.
These exclusions and considerations are in place to ensure that the support provided by the Indira Mahila Shakti Udyam Protsahan Yojana is directed towards viable, responsible, and impactful business ventures, ultimately contributing to the wider goal of women’s empowerment and economic development in Rajasthan.
