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Gujarat CM Launched Mukhyamantri Mahila Utkarsh Yojana (MMUY) scheme to Provide Interest-Free Loans to Women’s Groups

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Gujarat-CM-launched-Mukhyamantri-Mahila-Utkarsh-Yojana-(MMUY)-scheme-to-give-interest-free-loans-to-women’s-groupsOn September 17, 2020, Mukhyamantri Mahila Utkarsh Yojana (MMUY), a scheme of providing interest-free loans of Rs 1 lakh to women’s groups was launched in Gujarat by its Chief Minister (CM) Vijay Rupani. In this regard, the government is planning to provide total lending up to Rs 1,000 crore to these groups to be registered as joint liability and earning group (JLEG) consisting of 10 women members. 

  • 50,000 JLEGs will be formed in urban areas. Similarly, 50,000 such groups will also be formed in rural areas. A total of 10 lakh women across the state are covered under this new scheme.
  • The scheme will be implemented in rural areas by the Gujarat Livelihood Promotion Company, while in urban areas it will be implemented by the Gujarat Urban Livelihood Mission.

Key Points:

-The interest amount will be borne by the state government.

-The loans would be made available to the groups through nationalised banks, cooperative banks and the Reserve Bank of India (RBI) approved financial institutions.

The government has also decided to waive the stamp duty charges for the loans to be given to these women groups.

Recent Related News:

i.Gujarat initiated Vanchan Abhiyan, a reading campaign and Parivar no maalo-salamat ane humfaalo (family’snest-safe and warm) to provide socio psychological support for children.

ii.In June 2020, in accordance with the Ministry of Environment, Forests and Climate Change (MoEFCC) the number of Asiatic lions in Gujarat’s Gir forest increased from 523 in 2015 to to 674 in 2020.

About Gujarat:
Capital– Gandhinagar
Governor– Acharya Devvrat