Mahila Shaksham: Indian Overseas Bank’s New Initiative for Women Entrepreneurs
The Mahila Shaksham Scheme focuses on providing financial assistance to women, particularly those in rural areas
Under the scheme, IOB offers credit support of up to Rs 10 lakh to eligible members of Women Self-Help Groups (SHGs)
The Mahila Shaksham scheme aims to promote entrepreneurship, ensuring that each household earns a minimum sustainable income of Rs 1 lakh
This initiative aligns with the Deendayal Antyodaya Yojana-National Rural Livelihoods Mission to enhance financial independence for women
The Mahila Shaksham scheme is set to boost entrepreneurial growth at the grassroots level and uplift the status of women in society
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