The Chhattisgarh government has relaxed the eligibility conditions for women to avail loans and increasing its limit, it was announced on Friday.
Chief Minister Bhupesh Baghel had said on May 2 that this step will be taken.
Under the loan scheme of Chhattisgarh Mahila Kosh, women groups who have taken a loan for the first time and have paid off the loan will now be eligible for a maximum loan of Rs. 6 lakhs instead of Rs. 4 lakhs.
Additionally, the eligibility conditions under the scheme have been relaxed.
The eligibility for a loan will now be determined by a woman's annual income instead of her family’s annual income. Baghel has increased the budget of Mahila Kosh to Rs 25 crore in this financial year. He has also allocated Rs 25 crore for the new Kaushalya Samriddhi Yojana.
