New Swarnima Scheme for Women – Apply Online, Eligibility

New Swarnima Scheme for Women: The Ministry of Social Justice & Empowerment has recently introduced the Swarnima Scheme to uplift the women of India. This scheme was introduced to provide financial aid to women entrepreneurs of the poorer sections of society, in order to help them build a better future.

The National Backward Classes Finance and Development Corporation (NBCFDC) initiative, which is implemented by State Channelizing Agencies (SCAs), works to help women be more financially independent, and grants eligible candidates a loan of upto Rs. 2,00,000, at a 5% interest rate per annum.

Interested candidates who wish to apply for the Swarnima Yojana must keep reading to know all details about the Swarnima Scheme eligibility, benefits, registration, application process, etc.

New Swarnima Scheme Overview

Scheme Name	New Swarnima Scheme for Women
Scheme Type	Loan
Beneficiary	Women
Beneficiary Category	Backward Classes
Goal	To provide financial aid to women entrepreneurs of the Backward Classes
Amount Granted	Rs. 2,00,000
Interest Rate	5% per annum
Age Limit	18-55 years old
Annual Family Income	Should not exceed Rs. 3 lakhs
Category	Government Scheme (Yojana)
Maximum Period for Repayment	08 years
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Eligibility Criteria for Swarnima Scheme for Women

All candidates who wish to avail the Swarnima Scheme must check the eligibility criteria given below:

• The beneficiary just be a woman candidate.
• Women must be an employer or employed.
• The annual total income of the applicant’s family should be 3 lakhs per annum or below 3 lakhs per annum.
• The age of the beneficiary must be within 18 – 55 years old
• The applicant must be a member of a backward class group which is notified by the state or central government from time to time to be eligible to get the loan amount under this scheme.

Also Read: Jharkhand Abua Awas Yojana

Benefits of Swarnima Rs. 2,00,000 Loan Scheme

Interested candidates can find all the Swarnima Scheme benefits listed below:

• All the beneficiaries of these schemes can use this loan amount for Small Business, Technical, Transport, artisanal, agricultural, professional, traditional, and service industries.
• Under this scheme all the eligible womens will get a subsidy amount of Rs. 2 lakh with an interest rate of 5% annually.
• But the beneficiary women should be entrepreneurs.

Pattern of Financing (with Interest Rate)

Pattern of Financing	Amount given	Rate of Interest
NBCFDC Loan	95%	2% per annum
Channel Partner Contribution	05%	5% per annum

Documents Required for New Rs. 200000 Scheme

All interested candidates must keep the following documents ready to apply for the Swarnima Scheme:

• A Permanent Residential Certificate of applicant
• A valid ID Proof
• Aadhar Card
• A Caste Certificate of the beneficiary as a proof of their backward class category
• A Passport Size Photo of the applicant

How to apply for Swarnima Scheme for Women?

Interested & eligible candidates who wish to apply for the Swarnima Scheme must follow the steps given below:

• Scroll down to the Important Links, and you will find the link to locate your nearest SCA office.
• Once you locate the nearest SCA office, you must take all the required documents and visit the SCA office.
• You will have to fill an application form with all correct credentials and information.
• Applicants must also mention all requirements and possibilities in their work field with any training requirements if needed.
• Once the form is filled, attach all the required documents and submit it to your nearest SCA office.
• If your application is chosen, a verification process will be conducted, after which you will be granted the beneficiary amount.

Important Links

Nearest SCA Office	Click Here
Homepage	Click Here

FAQs of Swarnima Women Yojana