The Mizoram State Government launched the Mizoram Interest Free Loan Scheme 2024. On the occasion of the 78 Independence Day, the chief minister of Mizoram Mr. Lalduhoma announced the launch of the Mizoram Interest-Free Loan Scheme 2024. Under this scheme, the Mizoram state government will provide interest-free loans to all the selected applicants in the state. An interest-free loan of up to INR 50 lakh will be given to all the selected applicants under the scheme. All the citizens of Mizoram state who clear the eligibility criteria must visit the official website and fill out the application form online.
The objective of the Mizoram Interest-Free Loan Scheme
The main objective of launching the scheme is to encourage the citizens of Mizoram to start their small businesses. During the scheme’s announcement, the chief minister said that this scheme would provide inclusive governance and development to the citizens of Mizoram state. By removing the barrier of interest the citizens of Mizoram state can get the loan without worrying about the high interest rate. They can use the loan amount as a startup amount to start their own business in the state. With the help of the online system of applying for the scheme, the citizens of Mizoram state did not have to visit any government office and can apply for the school online.
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Key Highlights of Mizoram Interest-Free Loan Scheme
| Name of the scheme | Mizoram Interest-Free Loan Scheme |
| Introduced by | Mizoram state government |
| Objective | Provide interest free loan |
| Beneficiaries | Mizoram state citizens |
| Official website | |
| Total loan amount | INR 50 lakh |
| Application procedure | Online |
Eligibility Criteria
- The applicants must be permanent residents of Mizoram state.
- The citizens of Mizoram state must have applied for the scheme before the last date.
Benefits of Mizoram Interest Free Loan Scheme
- The selected citizens under the scheme will receive interest free loans from the Government of Mizoram state.
- The interest free loan of up to INR 50 lakh will be transferred directly to the selected applicant’s bank account.
- The citizens can start their own businesses with the help of the loan amount without worrying about the interest.
- This scheme will increase the standard of living and social status of all the financially unstable citizens of Mizoram state.
Also Read: Mudra Loan Scheme 2.0
Loan Amount
- The loan amount of INR 50 lakh will be given to the selected applicant standard of the Mizoram Interest-Free Loan Scheme 2024.
Date of Announcement
- The Mizoram Interest-Free Loan Scheme 2024 was announced on 15th August 2024.
Required Documents
- Aadhar Card
- Email ID
- Mobile Number
- Electricity bill
- Address Proof
- PAN Card
Mizoram Interest Free Loan Scheme Application Process
STEP 1: All the applications to clear the eligibility criteria can visit the official website to apply for the Mizoram Interest-Free Loan Scheme online.
STEP 2: Once the applicant reaches the official website’s home page, the applicant must click on the option apply here.
STEP 3: A new page will appear on your desktop screen the applicant must enter all the details that are asked and attach all the necessary documents on the application form.
STEP 4: After entering all the details the applicant must quickly review it and click on the option submit to complete their process.
FAQs
Which state launched the Interest-Free Loan Scheme 2024?
The Mizoram State Government launched the Mizoram Interest-Free Loan Scheme 2024.
What is the loan amount to be given under the Mizoram Interest-Free Loan Scheme 2024?
The loan amount of INR 50 lakh will be given to the selected applicant under the Mizoram Interest-Free Loan Scheme 2024.
What is the main objective of launching the Mizoram Interest-Free Loan Scheme 2024?
The main objective of launching the scheme is to provide financial assistance to citizens who want to start their own businesses.