Kerala Sahayahastham Scheme 2021
The kerala government has launched the Kerala Sahayahastham Scheme 2021 or CM Helping Hand Loan Scheme (CMHLS). The primary aim of this scheme is to provide an interest-free loan to the women in the SHG (Self Help Groups). The government has planned to cover as many women as possible, approximately 2000 crore rupees have already been distributed under this scheme, and CMHLS has benefited over 22.77 lakh women. The government focused on helping the Women SHGs, who unfortunately lost their livelihood due to the Covid-19 pandemic outbreak.
The women who would benefit from the Kerala Sahayahastham Scheme 2021 are Kudumbashree’s 1.95 lakh neighbourhood groups (NHGs). Under the scheme, a loan will be provided for 36 months (3 years). At the same time, a six-month moratorium is also included in the repayment.
Scheme Details
| Scheme Name | Kerala Sahayahastham Scheme 2021 |
| Purpose | Provided Free Loan To Women’s |
| Major Beneficiaries | Members of 1.95 lakh Neighbourhood Groups (NHGs) |
| Amount of Loan | Rs. 5,000 to Rs. 20,000 |
| Rate of Interest | 9% interest which will be paid by government itself |
| Loan Repayment | In 03 years |
| Lenders | Primary agricultural credit cooperative societies, Scheduled and Private banks |
| Beneficiaries Numbers | 22.7 lakh women |
| Total Allocation | Rs. 2000 crore |
The Chief Minister launched an Rs. 20,000 crore economic package in the aftermath of the epidemic in March 2020, which includes this CMHLS interest-free loan scheme for Kudumbashree ladies. On 22 April 2020, state minister A C Moideen kicked off the scheme by giving loans to two neighbourhood groups in Thiruvananthapuram Corporation. The scheme would be implemented in the same way that the “Resurgent Kerala” loan scheme was handled following the floods.
CM Helping Hand Loan Scheme is a part of Rs. 20,000 crore economic package declared by the kerala CM during the pandemic in March 2020. The Kerala Sahayahastham Scheme 2021 was started by the CM on 22 April 2021 by issuing loans to two neighbourhood groups in Thiruvananthapuram Corporation. The scheme would be applied the same way that the “Resurgent Kerala” loan scheme was handled following the floods.
Other Schemes By Kerela Government
Features of Kerala Sahayahastham Scheme 2021
- The bank will offer a loan without interest to the women self-help groups under the Kerala Sahayahastham Scheme 2021.
- The loans are made to neighbourhood organisations by partner banks (NHGs).
- The 9% interest rate for the loan will be paid by the Kerala government itself.
- A group member’s loan amount varies between Rs. 5,000 and Rs. 20,000.
- The loan taker requires to repay the loan after the six months (06) months the loan require to be completed after three years.
- In Kerala, over 22.77 lakh women have benefited from the CM Loan Scheme.
- Approximately 40% of the loans are provided by primary agricultural credit cooperative societies, with the other loans being provided by scheduled and private banks.
Repayment Track Record of NHGs
The neighborhood groups have a proven track record of repaying the loans they have received. Over 3 lakh NHGs are covered under the Kudumbashree, with an average loan of Rs. 4.5 lakh. Due to the collective responsibility of group members, the repayment percentage is over 98 percent. Thiruvananthapuram tops the list of Kerala districts, with 2.9 lakh members of roughly 24,000 groups making use of the loans. Thrissur came in second with 2.56 lakh members and 20,500 groups.
The Kerala government would pay an interest subsidy of Rs 350 crore for the Sahayahastham Scheme. The state government launched the Resurgence Kerala loan initiative in FY 2018 to assist flood victims. The loan has a 98 percent repayment rate, and the state government would spend roughly Rs. 300 crores on interest. 1.95 lakh members of 26,000 SHGs benefited from the Rs. 1,750 crore schemes.
Important Links
| Proposal given to government | Press Here |
| Order By Government | Press Here |
| SLBC Minutes | Press Here |
| Registrar Circular (Co-operative Departments) | Press Here |
| Executive Director Circular, Kudumbashree | Press Here |
| Letter given to the DMCs | Press Here |
| Official Page | Press Here |
Q& A
What is Sahayahastham Scheme?
CM Helping Hand Loan Scheme (CMHLS)/ Sahayahastham Scheme, the government of Kerela, will provide the loan to the women’s self-help groups (SHGs).
Is there is any interest for the loan?
The interest rate will be 9%, but the beneficiary doesn’t require paying any interest; the Kerela Government will bear all the interest.
How much loan will be sanction under CM Interest Free Loan Scheme?
The loan of Rs. 5,000 to Rs. 20,000 will be provided under the scheme.
Who will be the beneficiaries of NHG Loan Scheme?
.95 lakh Neighbourhood Groups (NHGs) under the Kudumbashree means approximately 22.77 lakh women are major beneficiaries.
How can we can apply for the loan?
The loan application has to be submitted at Primary agricultural credit cooperative societies, Scheduled and Private banks.
How can we repay the loan?
The loan can be paid in simple installments, and you have to start paying the loan after 6 months of sanctioning the loan and has to be completed in 3 years.
PM Yojana