Get Mahila Loan 30000 – Apply Now 2024

5/5 - (1 vote)

Mahila Loan 30000: In Today’s Dynamic world, Financial Freedom is essential for women to break barriers, gain independence, and make choices that align with their aspirations. The Government of India has taken significant steps in this direction to support women in India through various initiatives such as Mahila Loan 30000.

This financial support is designed to Help Ambitious women who want to start their businesses by providing a launchpad for their entrepreneurial journeys. In this article, we have Shared Detailed Information about Mahila Loan 30000, the Criteria to Get Mahila Loan, and How to Apply for this Loan.

What is Mahila Loan 30000

Mahila Loan 30000 is an initiative Started by the government of India to support Independent women entrepreneurs. Under this Scheme, women can take loans up to 30000 at a Minimal Interest rate of 1-2% Per Annum and Repay the Loan within 3 Years.

Women can avail of this Loan without any Security or collateral which Makes it More accessible for those who have limited financial resources. These loans are provided through various financial institutions such as banks, NBFCs, and finance banks aiming to empower women economically by establishing their businesses.

Where to get a Mahila group loan?

Various government and private Financial Institutions offer loans specifically designed for women. These financial products are easily available through Mahila Groups, facilitating a smooth process. Below are some of the top financial institutions of India that Offer Loans to mahila Groups.

Axis Bank Mahila Group loan

Axis Bank is India’s one of the Biggest Trusted Private Sector Banks. Axis Bank aims to reach out to women in rural and underserved areas, offering them financial assistance for their specific needs.

They offer smaller loan amounts that are fitted to the requirements of women who are running micro-enterprises, small businesses, or those seeking financial support for personal needs.

Axis Bank’s Mahila Group Loan helps women create and run self-help groups. These groups bring women together to support each other and pool resources. This teamwork helps them grow economically by sharing ideas and helping each other out.

Pradhan Mantri Mudra Yojana (PMMY)

The Pradhan Mantri Mudra Yojana is a scheme Started by the government of India to provide financial support and support to micro-enterprises and small businesses. PMMY aims to boost job creation, encourage entrepreneurship, and contribute to the growth of the Indian economy.

Mahila Groups who are involved in Small Scale Businesses can Apply for the PMMY Scheme and Get Loans up to 10 Lakh. However, the loan amount sanctioned will depend on the nature of the business and the applicant’s CIBIL score.

HDFC Mahila Group Loan (MSME Small Business Loans for Women Entrepreneurs)

HDFC Bank is the Biggest private Sector bank in India. They offer various types of Loans to Women that help them grow their small businesses. These loans are part of the MSME (Micro, Small & Medium Enterprises) sector and aim to provide financial assistance.

HDFC Bank offers Different types of loans to women which include Small Business loans, Commercial loans, Personal Loans, and loans against Security. These loans typically have promising terms and conditions, Lower interest rates, flexible repayment options, and Special features to suit the requirements of women entrepreneurs.

Bandhan Bank Mahila Group loan

The Bandhan Bank offers Srishti Loan to Women Entrepreneurs in India. With a Loan of 150000, The Bandhan Bank Srishiti Loans help Mahila Groups Achieve their Business goals. With quick Approval and Less Documentation, the Srishti Loan empowers women entrepreneurs to further their business ambitions.

The eligibility criteria for Bandhan Bank Mahila Group Loan are Minimum age of 18 and Maximum Age of 65. The women Should also be Engaged in defined income-generating activities to Get the Loan. Documentation required includes Identity proof, residence address proof, and a passport-size photograph.

Jana Small Finance Loans

The Jana Small Finance Loans for Mahila Group aims to empower women by providing them with financial support to start or expand their Small businesses. These loans often fall under the category of microfinance, providing small loan amounts to support various entrepreneurial activities or personal financial needs.

The Jana Small Finance Loans have lower Interest rates and flexible repayment schedules that make it easier for women to repay the loan without excessive financial stress. The Maximum Amount women can Borrow from Jana Small Finance Bank is 50000. However, they need to provide a guarantee for the Loan.

IDFC First Bank Sakhi Shakti Loan

The IDFC First Bank Sakhi Shakti Loan is a specialized loan program designed to empower women by providing financial support for various purposes, including business expansion, education, and personal needs.

This loan scheme aims to promote women’s entrepreneurship and financial independence by offering low-interest rates, flexible and easy repayment options, and other benefits to suit the specific requirements of women entrepreneurs.

Eligibility criteria for Mahila Loan

The eligibility criteria for Mahila Loans can vary depending on the Banks and Government Institutions. However, some common eligibility requirements might include those Mentioned Below.

  • Age: The Age Limit to Get the Mahila Loan is From 18 to 65 years.
  • Residency: She Should be a Resident of India to Get the Loan.
  • Documentation: Applicants are typically required to provide identification proof, income proof, address proof, and other documents as specified by the lender.
  • Group: To Get the Mahila Loan, The Applicant Should be a Part of the Mahila Group with 10 to 15 Members.
  • Guarantor: Depending on the loan amount, a guarantor might be required to support the application.

Documents Required for Mahila Loan 30000

Compared to other loan types that often Require numerous documents, Mahila Loans typically require only a minimal set of documents. With minimal Documentation, these loans aim to empower women by providing them with easier access to financial resources. Mentioned Below are the documents required to Get the Mahila Loan.

  • Identification Proof: Valid government-issued ID such as an Aadhaar card, PAN card, passport, or driver’s license.
  • Address Proof: Documents like utility bills, ration cards, Aadhaar cards, or rental agreements establish the applicant’s residential address.
  • Passbook Copy: A copy of the passbook or bank account details where the loan amount is expected to be credited.
  • Passport-Size Photos: Typically, a couple of passport-size photographs are used for identification purposes.

Mahila Loan 30000 Interest rate

Bank / OrganisationMaximum Loan AmountInterest RateRepayment Tenure
Axis Bank8000024.50%2 Years
Pradhan Mantri Mudra Yojana5000010%5 Years
Bandhan Bank15000022.95%2 Years
HDFC Mahila Group Loan500000025%6 Years
Jana Small Finance Bank5000026%2 years
Karnataka Bank20000012.10%3 Years
IDFC First Bank Sakhi Shakti Loan7000024.50%2 Years

How to Apply for Mahila Loan 30000?

The Application Process to Get a Mahila Loan is Simple and Effortless. You Just Need to visit the Bank with all the Documents mentioned and Follow the Steps.

  • Visit the bank or financial institution’s branch that offers Mahila Loans.
  • Meet the Bank’s Loan Officer and Get the Loan Form.
  • Fill in all the Details Mentioned on the Form and Submit with Documents.
  • Once the application is submitted, the Bank will review it. This may take some time, depending on the institution’s processing time.
  • Upon approval, the Bank will disburse the loan amount to Your Account.

Frequently Asked Questions (FAQ)

How to get 30,000 rupees immediately?

You can use a Credit card or BNPL app to Get 30,000 Rupees Immediately.

How can I apply for a Mahila loan?

To apply for a Mahila loan, check eligibility, gather necessary documents, choose a Bank offering such loans, and apply at the bank branch. Wait for approval post-application, and upon approval, the loan amount will be disbursed.

Who is eligible for a 30000 personal loan?

Eligibility criteria for a 30,000 INR personal loan can vary among lenders. However in general the person should be Above 18 Years old, and have a Good Credit score to Get a 30000 Personal Loan.

Who is eligible for a women’s loan?

Individual Women or Women Associate with Mahila Groups with the Age of 18+ are eligible for a women’s loan.

Can a housewife apply for a loan?

Yes, a Housewife can apply for a Loan but they have to provide a guarantor who has a Stable Income.

Can I get a 30000 instant loan without a salary slip?

Yes, You can get a 30000 Instant Loan without a salary slip using Loan Apps Like Navi, Paytm, Lazy Pay, Dhani, Mobikwik, and Slice.
In Conclusion

The Loan initiatives started by the government of India have played an important role in promoting economic growth. These programs have not only enabled financial independence but have also released the entrepreneurial potential of numerous women in India.

We hope this article answers all Your queries related to Mahila Loan 30000. If You have any other questions related to the Mahila Loan Process, Please Feel free to Share them with us in the comments Section Below.

Also Read-