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On October 2, 1993, the Ministry of Social Justice and Empowerment Department of the Government of India launched the Mahila Samridhi Yojana (MSY) initiative. This is a micro-financing programme aiming towards the empowerment of women from underprivileged backgrounds or economically backward areas. 

This initiative enables women to establish their own income-generation activities. Through this scheme, these women can apply for a loan at a nominal interest rate to fulfil their dreams and goals and gain financial independence.


Women who need money to create their own businesses are eligible for this loan programme, which is mainly offered by State Channelizing Agency (SCAs), Regional Rural Banks (RRBs), and Nationalised Banks.

What are the Target Groups of Mahila Samridhi Yojana?

The two main targeted beneficiaries of Mahila Samridhi Yojana are:

  • Self-help groups (SHGs): The Mahila Samridhi Yojana aims to strengthen and assist SHGs, particularly those that include women. These people make up the autonomous, economically disadvantaged category. 

  • Women belonging to economically and socially backward classes (targeted groups): Women from the underprivileged classes are considered, particularly those who fall under the SC or ST category.

Objectives of Mahila Samridhi Yojana

The objectives of introducing this scheme are manifold, as mentioned below: 

  • To encourage women belonging to minority groups from rural regions and underprivileged classes to adopt an entrepreneurial attitude 

  • To help these women meet their entrepreneurial goals by providing microfinance loans at lower interest rates.

  • To encourage women from scheduled castes or scheduled tribes or any other minority populations to pursue their aspirations 

  • To encourage women to overcome social stigma and gain financial independence  

  • To assist women who are unable to establish their own businesses or careers owing to a lack of financial assistance

What are the Features and Benefits of Mahila Samridhi Yojana?

Here are some features of the Mahila Samridhi Yojana scheme:

  • The scheme offers financial assistance to self-help organisations consisting of up to 20 members, helping them start their business from scratch

  • This plan also provides support to single women from low-income families

  • The maximum loan amount that a single beneficiary woman may get is ₹1.25 Lakhs

  • The SHGs or the recipients directly receive the loans provided by this scheme

The benefits that come with this scheme are as follows:

  • This scheme helps women in rural areas to improve their financial standing

  • People who are socially isolated can establish an independent business venture  

  • BPL (Below Poverty Line)-eligible households can receive special help

  • More prospects for employment are created for minorities 

  • Can increase the number of female entrepreneurs and women-owned businesses

  • The application and documentation process encourages most small businesses to apply

Eligibility Criteria for Mahila Samridhi Yojana

The scheme is open to women who fall below the poverty line or are under the central government or state government-approved categories. The following list includes the criteria of eligibility for such women business owners to qualify for this scheme:

  • Applicant must be 18 years of age or more

  • The applicant's annual household income cannot be more than ₹3 Lakhs

  • For SHGs, a minimum of 60% of members must be from the backward class category.The remaining 40% of members of the SHGs can belong to other disadvantaged sections, such as minorities, SC, ST, and so on

  • Any woman requesting a loan under the scheme should be free of any felony convictions or criminal histories

Documents Required for Mahila Samriddhi Yojana

Here is the list of documents required in addition to the application form:

  • Address Proof

  • Identity Proof

  • SHG membership ID

  • Caste certificate (if applicable)

  • Income Certificate from a competent authority

  • Aadhaar Card

  • Bank Account details

  • Recent Passport Size Photographs

Application Procedure of Mahila Samridhi Yojana

There are both online and offline methods through which an eligible applicant can apply for the Mahila Samridhi Yojana scheme. They include:

1. Online Procedure

To apply for MSY online, you can follow these simple steps:

  • Step 1: Visit the official website of Mahila Samridhi Yojana or your state government portal to apply

  • Step 2: Download the Mahila Samridhi Yojana application form from their webpage

  • Step 3: Fill up the application form carefully and provide the necessary details, such as your age, name, contact information, required amount, etc.

  • Step 4: Submit the form along with the required documents

  • Step 5: After you submit the application form, you can track your application status through SMS

2. Offline Procedure

You can also apply for Mahila Samridhi Yojana offline by following these steps:

  • Step 1: Visit your nearest SCA office or the nearest bank and collect the Mahila Samridhi Yojana application form

  • Step 2: Next, complete filling up the form and submit it along with the required documents attached

  • Step 3:  Specify the required vocation and training programmes from the list of options

  • Step 4: Finally, SCA will carry out the verification process, and once done, the authentic applications will get approval for loan sanction

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Contact Details for Mahila Samridhi Yojana

For further queries or other issues related to this scheme, you can contact the NBCFDC through the following channels:

  • Toll-free number: 18001023399 (Timing:  Monday to Friday between 10 AM and 5 PM)

  • Other Telephone Number: +91 11 45854400

  • Email ID: info@nbcfdc.gov.in 

FAQs for Mahila Samridhi Yojana

Is there a utilisation period for this scheme?

Yes. The utilisation period of this scheme is 4 months from the loan’s disbursal date. Within this time, the applicant needs to do the formalities related to the utilisation of the funds paid.

What is the maximum amount of finance I can obtain under this scheme?

The maximum finance that you can avail under this scheme is ₹1.25 Lakhs.

Is it mandatory to be from a Below Poverty Line (BPL) section to avail of the MSY loan?

Yes. The MSY scheme aims to support women hailing from a financially backward class. So, to avail the loan amount, the borrower must belong to the Below Poverty Line (BPL) section.

What is the minimum age required to apply for Mahila Samridhi Yojana?

The minimum age to apply for the Mahila Samridhi Yojana scheme is 18 years.

Is a woman belonging to the general category eligible to claim the MSY policy?

No. This scheme is introduced for the benefit of the backward and marginalised classes. So, you must belong to the Schedule Caste or Scheduled Tribe category to avail the loan.

What is the time limit for repayment of a loan under the Mahila Samridhi Policy?

The time limit for the loan repayment is 3 years and 6 months.

Is it compulsory to have a caste certificate to apply for MSY?

Yes. It is compulsory to produce your caste certificate in order to get the loan sanctioned. In case you do not have one, you can visit the designated department and speak to the officials to obtain one.

Is it compulsory to submit an Aadhaar card for the MSY loan application?

Yes. The Aadhaar card is mandatory to complete the authentication process for the Mahila Samridhi Yojana application.

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