Kerala State government has launched Sahayahastham Scheme 2020 . In this Chief Minister’s Loan Scheme, interest free loans are provided to women self help groups (SHGs).
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Key-Points
Around 22.77 lakh women in the state have already been benefited from this scheme with an allocation of Rs. 2000 crore.
The scheme was launched with an aim to help people who lost their livelihood due to the Covid-19 pandemic outbreak.
The women beneficiaries of Kerala Sahayahastham Scheme 2020 are members of 1.95 lakh neighborhood groups (NHGs) under the Kudumbashree.
It may be recalled that Kudumbashree is the poverty eradication and women empowerment programme of the government.
In the Sahayahastham Scheme in Kerala, the participating banks give loans to the NHGs and the 9% interest charged by banks is paid by the government.
Around 40% of the lenders of loan are primary agricultural credit cooperative societies and the remaining 60% lenders are scheduled and private banks.