The Maharashtra government has announced a significant initiative to promote women’s economic empowerment through self-help groups (SHGs) in the state. For the financial year 2024-25, the Minority Development Department has allocated a budget of ₹7 crore for the scheme. This initiative aims to uplift women in minority-dominated areas by providing them with economic support and skill development opportunities.
Contents
Key Highlights of the Scheme
Objective of the Scheme:
The primary goals of this initiative include:
- Organizing minority women into self-help groups to foster economic empowerment.
- Facilitating access to credit and financial support.
- Developing entrepreneurial skills among women.
Targeted Beneficiary Regions:
In its first phase, self-help groups will be established in areas with a high concentration of minority communities, including:
- Mumbai City and Suburbs
- Nanded
- Malegaon
- Karanja
- Parbhani
- Pune
- Nagpur
- Aurangabad
- Bhiwandi
- Mumbra-Kausa
- Miraj
Fund Allocation and Distribution:
For the fiscal year 2024-25, ₹7 crore has been earmarked for the scheme. The government expects to disburse 60% of the funds by December 2024. The allocation will be used to:
- Provide seed funding and financial support to self-help groups.
- Promote skill training and entrepreneurship programs.
Duration and Progress of the Scheme
Extended Timeline:
The scheme’s implementation period has been extended until 2025 to ensure its sustained impact.
Achievements So Far:
- 3,200 self-help groups have been established across the state.
- 8 community resource centers have been launched to provide additional support and training.
Role of the Women’s Economic Development Corporation
The Women’s Economic Development Corporation plays a pivotal role in this scheme by:
- Submitting utilization certificates to the government, ensuring transparency in fund usage.
- Maintaining detailed financial records to track the effective utilization of allocated funds.
Impact of the Scheme
This initiative is expected to:
- Provide economic independence to minority women.
- Enhance their entrepreneurial skills, giving them an identity in the business world.
- Strengthen their ability to contribute to the socio-economic development of their communities.
How to Apply
Eligible women or groups can apply by contacting their nearest Minority Development Department office for more information about the scheme and application process.
Conclusion
The Self-Help Group Funds scheme for 2024 is a transformative step towards empowering minority women in Maharashtra. By fostering financial independence and entrepreneurship, the initiative ensures that women can lead their communities towards a brighter future. If you are eligible, take advantage of this opportunity to be part of a movement that is changing lives.
For related updates, visit Majhi Ladki Bahin Yojana Criteria and Benefits.