Scheme Name: 1. Micro-Credit Finance (MCF)
2. Mahilla Samridhi Yojna (MSY)

State: Chandigarh

Description of the Scheme: Social Welfare, Women & Child Development, Chandigarh Administration CSCBCFMDC (Chandigarh Scheduled Castes, Backward Classes and Minorities Finance and Development Corporation)

Target group :

Sector of the Scheme:

Eligibility Criteria:

• SHGs and women entrepreneur from backward sections of the society are only eligible to draw the benefit of MSY loan
• Woman beneficiary of the minimum age of 18 years
• Beneficiary falling under the BPL category
• Annual income of the beneficiary should be less Rs. 3 lakh per annum

Nature & Mode of Assistance: Maximum loan is available Rs. 30,000 per beneficiary.
- Rate of interest: 5% per annum.
- Repayment period: 3 years
Mahilla Samridhi Yojna (MSY):- Loan is provided to Women Safai karamcharis and their dependents daughters upto Rs. 30,000 per beneficiaries.
- Rate of interest: 4% per annum.
- Repayment period: 3 years

"Financial Information (Subsidy, low interest rate, etc.)":

"Other Assistance (Procurement of machinery, Technology /Marketing, International Cooperation, etc.)":

How to apply: Application forms can be had free of cost from the office of Corporation.

Whom to Contact: Chandigarh Scheduled Castes, Backward Classes and Minorities Finance and Development Corporation