The chief minister of Mizoram mister Lalduhoma announced the Mizoram Interest Free Loan Scheme on Thursday. Under this scheme, the government will provide interest-free loans up to 50 lakh rupees to the citizens of the state. The scheme will mainly work for economic growth and to improve the living standards of the citizens of the state. The chief minister on the 78th Independence Day addressed to the people that the state government would work for the betterment of society. The government will work with transparency. Candidates who are interested in applying under this scheme can visit the official website of the scheme. Read more to know about this program.
Objective of Mizoram Interest Free Loan Scheme
The main objective of the Mizoram Interest Free Loan scheme is to provide interest free loan upto 50 lakh rupees to interested citizens. The scheme will be launched for the people who are interested in the economic growth of the state. The government will act as a guarantor under this scheme. The applicant does not have to worry about the internet on taking a loan from the government. The scheme will be launched for the growth of an individual, community, and the state also. Due to this scheme entrepreneurship will be promoted among the youth of the state which in turn will open job opportunities for other citizens of the state.
Also Read: Mudra Loan Yojana 2.0
Summary of Mizoram Interest Free loan scheme
| Name of the scheme | Mizoram Interest Free Loan scheme |
| Launched by | The chief minister of Mizoram |
| Beneficiaries | The citizens of the state |
| Benefits | Under this scheme the government will provide interest free loan upto 50 lakh rupees |
| Year | 2024 |
| Application Mode | Online |
| Official website | Will be launched soon |
Eligibility Criteria
The eligibility criteria for applying under this scheme is simple and is given below:-
- The applicant should be a permanent resident of the state of Mizoram.
- The entrepreneurs are eligible to apply under this scheme.
Date of Announcement
The Mizoram Interest Free loan scheme was announced on 15 August 2024.
Required Documents
The documents required for registering under this scheme are given below:-
- Aadhar Card
- Mobile number
- Email ID
- Domicile certificate
- Residential proof
- Income certificate
- Bank account details
Also Read; Education Loan e Voucher Scheme
Loan Amount
Under this scheme, the government will provide a loan amount of rupees 50 lakh. The loan amount given to the applicants will be interest-free.
Benefits of Mizoram Interest Free Loan Scheme
The benefits of Mizoram Interest Free loan scheme are given below:-
- Under this scheme, the government will provide interest-free loan upto rupees 50 lakh to the applicants.
- The scheme will be beneficial for the entrepreneurs who are eager to set up their business.
- The scheme will also generate employment opportunities across the state.
- The economic growth and the social status of the citizens will be upgraded through this scheme.
Mizoram Interest Free Loan Scheme Apply Online 2024
The applicants need to follow the below given procedure step by step to apply under this scheme:-
Step 1:- firstly the applicants should visit the official website of the scheme to apply for this scheme.
Step 2:- on reaching the homepage of the official website, the applicant should scroll down to click on the apply here option.
Step 3:- after this you will be redirected to another page, their you need to provide all the details.
Step 4:- in this step, you need to recheck the details and finally click on the submit button.
Step 5:- By following this simple procedure you will be done with the application procedure.
FAQs
What is the Mizoram Interest Free Loan Scheme?
The scheme will provide interest-free loan upto 50 lakh rupees to the applicants.
What are the eligibility criteria for applying under this scheme?
The applicant should be a permanent resident of the state of Mizoram.
What are the benefits of this scheme?
Under this scheme, the government will work for the economic growth and development of the state.
Can I apply online for this scheme?
Yes, you can apply online for this scheme by visiting the official website of the scheme.