Kerala State Government Start Muttathe Mulla Loan Scheme 2023 In witch Kerala Rural Women Get Low Interest Rate Loan and you can download Application Form, Eligibility Criteria, Documents and How to Apply. Muttathe Mulla Loan Scheme 2023 is a scheme of Kerala State Government. This scheme is mainly belongs to poor and the women who belongs to rural areas of Kerala.
We can say that this scheme is launched for the poor people of Kerala to start any small scale business or to help people to improve their financial condition and to deal with the poverty of the poor people of Kerala. This scheme has firstly launched in 2018. In this scheme people will be able to take easy loans at low interest rate from their nearest cooperative banks.
Muttathe Mulla Loan Scheme 2023
This scheme will also help to promote the cooperative banks of Kerala State. When poor people of Kerala will get easy loans at low interest rates they can use this money to make a permanent income source for them.
This Muttathe Mulla Loan Scheme will also improve the economy of Kerala State. So by sticking till the end of our article you will get to know all its features, highlights, Benefits, Application’s procedure and Eligibility Criteria.
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Scheme Highlights
| Scheme’s Name | Kerala Muttathe Mulla Loan Scheme 2023 |
| Launched by | State Government of Kerala |
| Beneficiaries | All the poor people and the women of rural Areas of Kerala. |
| Benefits | To provide Easy Loan to poor people |
| Application’s Mode | Offline |
| Official website | lsgkerala.gov.in |
Related:- KPSC Thulasi PSC Kerala Registration
Eligibility Criteria For Muttathe Mulla Loan Scheme
So let’s know about the eligibility to apply for Muttathe Mulla Loan Scheme 2023:-
- This Scheme is Launched for the poor people of Kerala and Specially the poor women of rural areas of Kerala.
- Women should have all the important Documents such as Aadhar Card and Specially Bank Account because they will get this financial assistance in their bank account directly.
- Women who belongs to Kudumbashree unit would have to provide identity proof of it.
- Income certificate is also needed to apply for the scheme.
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Features of Kerala Muttathe Mulla Loan Scheme
So, this is a loan scheme for the poor women of the rural areas of the Kerala. Under this scheme the poor women will be able to get easy loans, let’s check its features here ;
- So Muttathe Mulla Loan Scheme is launched to protect poor people of Kerala from Finance companies. As they give loans to poor people on high interest rate.
- Through this Scheme government also want to build the trust of people on cooperated banks of the state.
- Under this Scheme poor women of rural Areas will get loans up to 25,000/- and they have to pay 1 rupee Interest for rupees 100/- of loan.
- Poor people will get loans on very cheap interest rate. So that they can start their small business with this money and earn their livelihood.
- In short this loan scheme will improve the living standard of poor people of the state and this scheme is launched in every District of the state. So people of every district who are poor can take advantage under this scheme.
Related:- Kerala Sevana Civil Registration
Muttathe Mulla Loan Scheme Application Form
- There are no any online application procedure is announced till now but all of you can apply offline for this scheme.
- For Offline Application you have to visited your nearest cooperative bank’s branch and you can take a Application form for applying.
- After filling the application form attach all necessary documents such as Aadhar Card, Income Certificate, Residence certificate, Income Certificate and Bank details of the women for crediting the loan amount.
- For credit you have to submit your account number and Personal details.
- Women who is under the Kudumbashree unit she can apply and also shoe proofs.
- After the launch, this scheme is now complete its two successful years.
- Women who is lies below poverty line, can get micro credit form cooperative bank.
- For this scheme Kerala government allot 10 lakh rupees for implementation. This scheme is applicable in all rural area of Kerala.
Scheme Notification Check Here
Scheme Upgradation information
FAQ’S
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So, we have told you that Kerala State Government has announced a loan scheme in which women will get the easy loans at an interest rate of 12%. They can take rupees 1,000/- to 25,000/- under this scheme. You can take loans for 10 weeks too.
These loans were also being given so that people could repay their old loans which they took from blade companies. These loans will be given by the Kudumbashree Units. They will also collect the repayment amount by visiting the houses of loan seekers.
