About Kerala Sahaya hastham
The Kerala Sahaya hastham Scheme is a government initiative aimed at providing financial assistance to women who are facing economic difficulties. The scheme was launched with the objective of empowering women and enabling them to become financially self-reliant. Under this scheme, women can take of loans at low-interest rates to start their own businesses or to meet their personal financial requirements. The benefit of the Kerala Sahayahastham Scheme are numerous, including improved financial stability, increased self-confidence, and the ability to contribute to the economic growth of the state.
Objective Of This Scheme
The main objective of the Kerala Sahayahastham Scheme is to provide financial assistance to women in the state for starting or expanding their businesses. The scheme aims to:
- Provide financial assistance to women entrepreneurs to start or expand their businesses.
- Promote women’s economic empowerment and financial inclusion.
- Creating employment opportunities for women in the state.
- Encouraging women to become self-sufficient and independent.
Full Overview Of Sahaya Hastham Scheme
| Name of Scheme | Kerala Sahayahastham Scheme |
|---|---|
| Announcement | Govt of Kerala |
| State Name | Kerala |
| Implementation | Updated on 2023 |
| Objectives | To provide financial assistance to women in Kerala and eliminate poverty |
| Incentive | Financial assistance of up to Rs 20,000 in the form of loan |
| Beneficiaries | Women who are permanent residents of Kerala, below the age of 55, members of Self Help Groups (SHGs) under Kudumbashree |
| Application Starts | Always open |
| Process | Offline registration |
| Official Website | www.kudumbashree.org |
Eligibility criteria
- The applicant must be a resident of the state of Kerala
- Applicant Women Must be a widow
- The age limit of poor widows should be below 55 years
- The applicant must enroll in a female self-help group
- Annual income is limited to 1 lakh rupees
- The applicant must have a working bank account
- The project will start alone or in connection with SHG(Self-Help Groups) groups. (Maximum 10 beneficiaries from a district)
benefits
- Empowering Women: The scheme aims toempower women through financial assistance.
- Financial Assistance: Members of 1.95 Lakh Self Help Groups (SHGs) are eligible for financial assistance of up to Rs 20000.
- Budget Allocation: The total budget allocated for the scheme is 2000 Crores.
- Loan Amount: The loan amount offered under the scheme ranges from Rs 5000 to Rs 20000.
- Repayment Period: The repayment of the loan can begin after 6 months of receiving the loan. The repayment period is 3 years.
- Government Interest: The Kerala state government pays 9% loan interest to the involved bank.
- Loan Sanction: Banks associated with the Kerala government sanction the loan to the SHGs/NHGs of which the applicant is a member.
Documents Required
The following documents are required to apply for the Kerala Sahayahastham Scheme:
- Proof of identity (Aadhaar card, voter ID, driving license, or PAN card).
- Proof of residence (ration card, electricity bill, or telephone bill).
- Business plan and project report.
- Income certificate.
- Bank account details.
how to apply
Application Procedure for Kerala Sahayahastham Scheme 2022:
- Information about the application procedure for the scheme is not yet available
- Wait for further updates from the Kerala Government
- online registration now available
State Level Consolidation Report:
- Go to the official website: https://www.kudumbashree.org/
- On the dashboard look for the Covid-19 Activities tab and click on it. The following page will appear with the list of government schemes regarding the Covid-19 reparations.
- Click on “Click here for detais” on sahayastham scheme tab as shown in the image below
- View the detailed district-wise list of self-help group members
Daily Reports:
- Go to the official website: https://www.kudumbashree.org
- Click on “Daily Reports”
- View the updated daily reports
- Option to download reports available
Account Status:
- Go to the official website: https://www.kudumbashree.org
- Click on “Bank Wise NHG Account Status”
- View details of the bank and all account status
- Further information will be updated as it becomes available.