CM Helping Hand Loan Scheme (CMHLS) or Sahayahastham Scheme 2021 has been launched by the Kerala government for Kudumbashree Women. In this Chief Minister’s Loan Scheme, interest free loans are provided to women neighbourhood groups. Around 22.77 lakh women in the state have already been benefited from this scheme with an allocation of Rs. 2000 crore. The scheme was launched with an aim to help Women SHGs who lost their livelihood due to the Covid-19 pandemic outbreak. All the beneficiaries within neighbourhood group can get a maximum amount of Rs. 20,000 as loan.
Kerala Sahayahastham Scheme 2021 – Complete Details
The women beneficiaries of Kerala Sahayahastham Scheme 2021 are members of 1.95 lakh neighborhood groups (NHGs) under the Kudumbashree. It may be recalled that Kudumbashree is the poverty eradication and women empowerment programme of the government. The repayment time of interest free loans under CM Helping Hand Loan Scheme (Sahayahastham) is 36 months (3 years). Moreover, the repayment includes six months moratorium.
This CMHLS interest free loan scheme for Kudumbashree women is part of the Rs. 20,000 crore economic package announced by the Chief Minister in the wake of pandemic in March 2020. The state minister A C Moideen launched the scheme by distributing loans to 2 neighbourhood groups in Thiruvananthapuram Corporation on 22 April 2020. The scheme will be implemented on the lines of “Resurgent Kerala” loan scheme introduced after the floods.
CM Helping Hand Loan Scheme (CMHLS) Implementation by Kusumbashree
Kudumbashree is currently in the process of implementing Chief Minister’s Sahayahastham interest free loan scheme declared by the Government of Kerala. In this CM’s Helping Hand Loan Scheme (CMHLS), Kudumbashree NHGs will be given interest free loans as indicated in the guidelines. Kudumbashree received the Government order regarding the same on 5 April 2020 and a detailed guideline by the Executive Director has been prepared. The loan applications are going to be submitted to the banks.
| Proposal given to government | Click here |
| Government Order | Click here |
| SLBC Minutes | Click here |
| Circular from the Registrar of Co-operative Departments | Click here |
| Circular from the Executive Director, Kudumbashree | Click here |
| Letter given to the DMCs | Click here |
| Official Page | http://www.kudumbashree.org/pages/825 |
Kudumbashree CMHLS State Level Consolidation Report
People can now check the Kudumbashree CMHLS State Level Consolidation report at the official website’s homepage. Here applicants can click at the “CMHLS-State Level Consolidation” link as shown below:-
This CMHLS state level consolidation report comprises of district name, total number of NHG / NHG members, total NHGs / NHG members included in the scheme, percentage of NHG / NHG members included in the scheme and loan amount.
Kerala CM Interest Free Loan Scheme Daily Report
All the applicants can even check the Kerala Sahayahastham Interest Free Loan Scheme Daily Report by visiting the official page and clicking the link “Daily Report“. Then in the new window, click at the “Download” option to check daily reports:-
Daily report is updated on a daily basis and the process to check daily report remains the same. Here we have shown you the daily report of CMHLS scheme as on 22 April 2020. For further dates, you can check the reports on the daily basis by clicking at the Daily reports link.
Kudumbashree Interest Free Loans NHG Account Status (Bank-Wise)
Just like in the earlier section you have clicked ‘CMHLS State level consolidation’ link, now click the “Bank Wise NHG Account Status” link. This will open the Kerala Kudumbashree interest free loans NHG account status (bank wise) as shown below:-
This list comprises of the name of the bank, number of NHGs linked with the bank and CMHLS Product Approval Status of Banks. All the eligible beneficiaries will get minimum amount of Rs. 5,000 directly into their bank accounts. The banks charge 9% interest on the loan and the government will cover the interest as subsidies through beneficiaries. The decision was taken at a meeting with the Kudumbashree Mission, Cooperative department and state-level banker’s committee.
CM Interest Free Loan Scheme for Women SHGs Features
In the Sahayahastham Scheme in Kerala, the participating banks give loans to the NHGs and the 9% interest charged by banks is paid by the government. Around 40% of the lenders of loan are primary agricultural credit cooperative societies and the remaining 60% lenders are scheduled and private banks. The important features of this Chief Minister’s Loan Scheme for Women SHGs are as follows:-
- In the Sahayahastham Scheme, govt. provide interest free loans to women self help groups.
- The loans are provided through participating banks to neighbourhood groups (NHGs).
- The 9% interest charged by the banks is paid by the Kerala state government.
- Members of 1.95 lakh NHGs under the Kudumbashree are the major beneficiaries of the CM Interest Free Loan Scheme for Women SHGs.
- The loan amount to a group member ranges b/w Rs. 5,000 and Rs. 20,000.
- Repayment of Interest Free Loans under Sahayahastham Scheme starts 6 months after its sanctioning and has to be completed in 3 years.
- Around 22.77 lakh women had already taken benefits of CM Loan Scheme in Kerala.
- Approx. 40% of the loan are provided through primary agricultural credit cooperative societies and the rest loans are provided through scheduled and private banks.
The disbursal of funds under Sahayahastham Scheme 2021 which was started in the month of April is nearly completed. The loans given under this CM Interest Free Loan Scheme for Women SHGs are basically consumption loans. The main aim to provide this assistance amount is to help people who lost their jobs or livelihood opportunities due to COVID-19 pandemic.
Repayment Track Record of NHGs
The neighbourhood groups have a credible track record of repayment of loan amount received by them. There are more than 3 lakh NHGs under the Kudumbashree which have an average loan size of Rs. 4.5 lakh. The repayment rate is over 98% which is due to the joint responsibility of group members. Among the districts of Kerala, Thiruvananthapuram tops the list where 2.9 lakh members of nearly 24,000 groups availed themselves of the loans. It was followed by Thrissur with 2.56 lakh members and 20,500 groups.
The Kerala govt. will incur Rs 350 crore as interest subvention for the Sahayahastham Scheme. In FY 2018, the state govt. had rolled out the Resurgence Kerala loan scheme to help those affected by the floods. The 4 year loan has 98% repayment rate and the state government’s spending on interest is around Rs. 300 crore. The scheme worth Rs. 1,750 crore had helped 1.95 lakh members of 26,000 SHGs.
Highlights of Kerala Sahayahastham Interest Free Loan Scheme
The highlights of the Chief Minister Interest Free Loan Scheme are as follows:-
| Name of the Scheme | Kerala Sahayahastham Scheme 2021 |
| Aim | To provide Interest Free Loans to Women SHGs |
| Major Beneficiaries | Members of 1.95 lakh Neighbourhood Groups (NHGs) under the Kudumbashree |
| Loan Amount | Rs. 5,000 to Rs. 20,000 |
| Interest Rate | 9% interest which would be borne by the state government |
| Repayment of Loan Amount | 6 months after sanctioning of loan and has to be completed in 3 years |
| Lenders | Primary agricultural credit cooperative societies, Scheduled and Private banks |
| Total No. of Beneficiaries | 22.7 lakh women |
| Total Allocation | Rs. 2000 crore |
Frequently Asked Questions (FAQ’s)
Here are some of the most frequently asked questions about the Kerala Sahayahastham Scheme:-
What is Sahayahastham Scheme
In this scheme, the Kerala govt. will provide interest free loans to women self help groups (SHGs).
What is the loan amount under CM Interest Free Loan Scheme for Women SHGs
Rs. 5,000 to Rs. 20,000
Who are the major beneficiaries of NHG Loan Scheme
Members of 1.95 lakh Neighbourhood Groups (NHGs) under the Kudumbashree i.e around 22.77 lakh women are major beneficiaries.
What is the interest rate for loans under Sahayahastham
Loans are given at 9% interest rate which would be borne by the state government, beneficiaries does not have to pay any interest on loan amount.
From where a person can avail Interest Free Loan in Kerala
A person can take loan from Primary agricultural credit cooperative societies, Scheduled and Private banks
When the Loan Repayment starts
6 months after sanctioning of loan and has to be completed in 3 years.
The wide network of the Kudumbashree helped the government reach out to over 22 lakh beneficiaries in a short time.
Source / Reference Link – http://lsgkerala.gov.in/index.php/en/kudumbashree/featured-topics/chief-ministers-helping-hand-loan-scheme-cmhls-interest-free-loan
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