With the objective to encourage women entrepreneurs and give impetus to their business journey, the National Scheduled Castes Finance and Development Corporation (NSFDC) under the Ministry of Social Justice and Empowerment (Govt. of India) has implemented a funding scheme – Mahila Samridhi Yojana (MSY). Under this scheme, the Government offers microfinance of amount up to Rs. 1,00,000 to women entrepreneurs hailing from marginalized sections of the society – backward classes.
Designed considering women’s empowerment, the flagship scheme is being implemented by a wide range of channel partners nationwide. Targeted women beneficiaries are identified and given loans either directly or in the form of Self-Help Groups (SHGs).
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