Maharashtra Women Self Help Group (SHG) Support Scheme

Why this scheme matters now

Maharashtra Women Self Help Group (SHG) Support Scheme is a Women Welfare initiative targeting Maharashtra. The Maharashtra Women Self Help Group (SHG) Scheme is a powerful tool for social and economic transformation Applications are routed through the official portal, so save the link for reference.

Maharashtra residents should confirm the nodal office and preferred document formats before applying.

📌 About This Scheme

The Maharashtra Women Self Help Group (SHG) Scheme is a powerful tool for social and economic transformation. It is primarily implemented through two major agencies: Mahila Arthik Vikas Mahamandal (MAVIM) and Maharashtra State Rural Livelihoods Mission (MSRLM). The core idea is to organize women into small groups where they save small amounts of money regularly and provide loans to each other for emergencies or small businesses. The government supports these groups through various financial incentives. The 'Revolving Fund' (usually ₹15,000) is given to a new group to strengthen its financial base. Furthermore, the 'Community Investment Fund' provides larger amounts for collective economic activities. One of the biggest advantages is the 'Interest Subvention' scheme, where the government pays a portion of the interest on bank loans taken by SHGs, reducing the effective interest rate to as low as 0% to 4% for timely repayers. MAVIM also promotes 'Tejaswini' groups which focus on building the leadership skills and decision-making power of women. These SHGs are not just about money; they serve as platforms for discussing social issues like domestic violence, education of the girl child, and sanitation. Many SHGs in Maharashtra have successfully transitioned into large-scale businesses like producing masks, uniforms, snack foods (Papad/Pickle), and catering services for government canteens. By providing women with access to credit without the need for traditional collateral, this scheme has broken the cycle of dependence on local moneylenders. It has created a silent revolution in Maharashtra, where millions of women have become financially independent, contributing to their household income and participating actively in the governance of their villages and towns.

📄 Required Documents

• ✓Aadhaar Card of all members
• ✓Group Registration Certificate
• ✓SHG Bank Account Passbook
• ✓Meeting Register and Resolution Copy
• ✓Inter-se Agreement among members

🛠️ How to Apply