Indira Mahila Shakti Udyam Protsahan Yojana (IMSUPY)

The Government of Rajasthan launched the Indira Mahila Shakti Udyam Protsahan Yojana (IMSUPY) scheme on 13th February 2023. This scheme aims to promote women entrepreneurship by providing loan assistance to set up their own enterprises.

The scheme was launched on the birth anniversary of Smt. Sarojini Naidu, the first woman governor of Rajasthan, during a women empowerment program at Podar College campus. Through IMSUPY, the state government aims to make women financially independent and empowered.

About IMSUPY

Scheme DetailsInformation
Scheme NameIndira Mahila Shakti Udyam Protsahan Yojana
Launched ByGovernment of Rajasthan
BeneficiariesWomen of Rajasthan
ObjectiveTo encourage women to set up their own enterprise
Incentive25-30% subsidy on loans
StateRajasthan
Application ProcessOnline
Official Websitehttps://wcd.rajasthan.gov.in

Objectives of IMSUPY

The main objectives of launching Indira Mahila Shakti Udyam Protsahan Yojana are:

  • To promote women entrepreneurship by providing incentives to set up their own enterprises
  • To empower women financially and make them self-reliant
  • Loans from Rs 50 lakhs to Rs 1 crore will be made available to women through banks
  • 25% to 30% subsidy to be provided on loans given under this scheme
  • To boost the self-employment sector and reduce unemployment rate in the state

The scheme will cover both individual women as well as institutions like self-help groups, collectives, federations etc. headed by women.

Loan Amount

The Government of Rajasthan will provide the following loan amounts under IMSUPY:

  • Individual women entrepreneurs can avail a loan up to Rs 50 lakhs
  • Women self-help groups can get a loan amount of Rs 1 crore
  • Maximum business loan amount is capped at Rs 10 lakhs
  • Maximum loan subsidy will be Rs 15 lakhs

The state government has allocated an annual budget of Rs 1000 crores for the effective implementation of this scheme.

Financial Institutions

The following banks and financial institutions will provide credit support under IMSUPY:

  • SIDBI
  • Regional Rural Banks
  • Rajasthan Finance Corporation
  • Nationalized Commercial Banks
  • Scheduled Commercial Banks approved by RBI
  • Scheduled Small Finance Banks

Benefits and Features

  • IMSUPY aims to improve the economic status of women in Rajasthan
  • All women interested in starting their own business can apply
  • Both individual women as well as institutions can avail benefits
  • Loans can be availed for manufacturing, services, trade, dairy, agriculture enterprises etc.
  • Loans will be made available through various nationalized and private banks
  • 25% subsidy on loans for all categories of borrowers
  • 30% subsidy on loans for borrowers from deprived sections
  • 1000 crore budget allocation by the state government
  • Will boost entrepreneurship and reduce unemployment in the state

Eligibility Criteria

To apply under the Indira Mahila Shakti Udyam Protsahan Yojana, the following eligibility criteria needs to fulfilled:

  • Woman should be a domicile of Rajasthan
  • Minimum age requirement is 18 years
  • Applicant women should have an own project report ready
  • Preference will be given to projects related to land, building or own resources
  • Self-help groups need to be registered under the Cooperative Act
  • Should have an active bank account in any nationalized or private commercial bank

Eligibility for Institutional Applicants

For institutions like self-help groups, collectives, federations to apply, the following eligibility criteria needs to be fulfilled:

  • All members should belong to the state of Rajasthan
  • Should be formed by government rules and regulations
  • Should be in operations for atleast 1 year after formation
  • Savings and transactions records for atleast past 1 year
  • Information about the institution should be available on government portal
  • Should be registered under the Cooperative Act if applying as a Collective or Federation

Documents Required

  • Aadhaar Card
  • Age Proof
  • Income Certificate
  • Residence Proof
  • Project Report
  • Education Qualification Certificate
  • Mobile Number
  • Email ID
  • Passport Size Photo
  • Bank Passbook

How to Apply Under IMSUPY?

Eligible and interested women of Rajasthan can apply under IMSUPY through the following step-by-step process:

  1. Visit the official website of Women and Child Development Department
  2. Click on the IMSUPY option on homepage
  3. Go through the scheme guidelines and instructions carefully
  4. Click on the Apply button to open the application form
  5. Fill the detailed application form in 7 sections
    1. General Details
    2. Applicant Details
    3. Applicant and Workplace Details
    4. Proposed Project Details
    5. Financial Institute Details
    6. Basis for Priority
    7. Document Upload & Declarations
  6. Upload scanned copies of all documents
  7. Submit the form and complete application process
  8. After verification, approved loan amount will be transferred to the bank account

By following this simple process, eligible women entrepreneurs can apply and obtain benefits under the IMSUPY scheme.

Frequently Asked Questions

In which state has IMSUPY scheme been launched?

Indira Mahila Shakti Udyam Protsahan Yojana has been launched by the Government of Rajasthan.

What are the benefits of the IMSUPY scheme?

Under IMSUPY, women entrepreneurs will be able to obtain subsidized loans up to Rs 1 crore to establish their own enterprises.

What is the maximum loan amount for women under IMSUPY?

Women can obtain a loan amount from Rs 50 lakhs to Rs 1 crore under IMSUPY for setting up their own enterprises.

What subsidy will be provided on loans under this scheme?

The Rajasthan government will provide 25% to 30% subsidy on the loan amount to women under IMSUPY.

So in summary, Indira Mahila Shakti Udyam Protsahan Yojana (IMSUPY) aims to fulfil the objective of women empowerment and boosting entrepreneurship in Rajasthan by facilitating loans up to Rs 1 crore with attractive subsidies.

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