Government Schemes

Micro Credit Promotion Scheme

Micro Credit Promotion Scheme

This scheme will help you to start your own small business (Business Loan), if you make loan repayment (Loan Repayment) you can get loan again

Women’s empowerment is the basic mantra of the government, the state government and the central government are implementing various schemes to benefit women.

One of them is providing a loan facility that helps women to start their own business, which facilitates their self-reliant life.

Micro credit Prerana scheme 2023

Lakhs of women in the state can benefit from the scheme.  You can take advantage of this scheme of the government to become more financially strong (financial stability).  Self Help Society members will get more benefits from the scheme.

Documents Required to Apply for Micro Credit Incentive Scheme!  (Needed documents)

Self Help Society Registration Certificate

Cast certificate

Income tax certificate

Bank pass book copy


Aadhaar card

Importance of micro credit incentive scheme!

This is a scheme to benefit SC/ST women living in the state.  If a registered self-help society has at least 10% SC and ST women members, each woman member can get a subsidy of Rs. 15,000 and a loan of Rs. 10,000 from the government together with Rs. 25,000 per woman member.

This helps every member of self help society to start their own small business (Business Loan).  10,000 given by the government.  The loan should be repaid in 30 installments at 4% interest rate.  Once the loan is repaid, it is possible to borrow again.

There is an option to apply online for micro credit promotion scheme or you can also apply at nearby service centers like Village One, Bapuji Kendra etc.

The last date to apply is November 29, 2023. So women who need apply as soon as possible and take advantage of the scheme provided by the government.

Apply online

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