Mahila Samiriddhi Yojana Haryana | Minority Women Loan

Overview

The Mahila Samiriddhi Yojana for Minority Community is a microfinance-linked savings scheme offered to women from minority communities in Haryana through the National Minorities Development and Finance Corporation (NMDFC). It promotes a savings habit among women while offering access to small loans for income-generating activities.

The scheme is designed for women who may not qualify for formal bank loans but need small amounts of credit to sustain or grow household enterprises.

Objective

The scheme empowers minority women financially by combining savings discipline with access to credit. It promotes self-employment and helps women achieve greater economic independence within their communities.

Benefits

• Loan linked to savings accumulated under the scheme
• Concessional interest rate significantly lower than market rates
• Small loan amounts suited to micro-enterprise needs
• Builds long-term banking habits and financial literacy

Eligibility

• Must be a woman belonging to a notified minority community
• Must be a domicile of Haryana
• Age: 18 to 55 years
• Annual family income must be below the prescribed ceiling
• Must be willing to participate in the savings component

Exclusions

• Women not belonging to a notified minority community
• Applicants whose income exceeds the prescribed limit
• Women already enrolled in similar NMDFC schemes with pending loans

Application Process

1. Contact the Haryana Minority Finance and Development Corporation
2. Enroll in the Mahila Samiriddhi Yojana savings program
3. Maintain prescribed savings for the required period
4. Apply for the linked loan after the savings period
5. Loan is processed and sanctioned by the nodal agency
6. Amount disbursed to the applicant’s savings account

Documents Required

• Minority community certificate
• Aadhaar card
• Haryana domicile certificate
• Income certificate
• Bank account passbook copy
• Passport-size photographs
• Self-declaration of proposed use of loan