Odisha 1 Lakh Interest-Free Loan Scheme:- The government of Odisha made the decision to offer a one-time assistance of ₹1,000 to every ration card holder and extend interest-free loans of up to ₹1 lakh to 2 lakh youths in the state to support economically vulnerable citizens. Under this initiative, all ration card holders in the state will receive financial aid of INR 1000. Approximately 95.90 lakh PDS beneficiary families are set to benefit from this program. The scheme aims to assist financially struggling individuals in meeting their necessities and daily requirements. To avail of the benefits, eligible applicants must complete the application process on the official website for the Odisha One Lakh Interest-Free Loan Scheme 2024.
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About Odisha 1 Lakh Interest Free Loan Scheme 2024
On Monday, the Odisha government announced its decision to grant a one-time assistance of ₹1,000 to every ration card holder. Additionally, the government plans to offer interest-free loans of up to ₹1 lakh to around 2 lakh youths in the state. Aiming to offer financial support to economically disadvantaged citizens in the state. The initiative aims to alleviate the financial burden on individuals, enabling them to meet their daily needs independently. To qualify for the scheme, applicants must be permanent residents of Odisha with a valid ration card. Interested individuals can apply for the benefits by completing the application form on the official website. This assistance is intended to ensure that residents can access essential necessities without facing financial hardships.
Odisha Ration Card Rs 1000 Scheme
Odisha One Lakh Interest Free Loan Scheme Overview
| Name of the Scheme | Odisha 1 Lakh Interest Free Loan Scheme |
| Launched by | Odisha Government |
| Objective | Offer financial support |
| Beneficiaries | Residents of Odisha |
| Official Website | – |
Objective of the Scheme
The primary goal behind introducing the Odisha One Lakh Interest-Free Loan Scheme is to offer financial support, alleviating the financial burden for eligible individuals. Through this initiative, selected applicants will receive a one-time financial assistance of INR 1000, directly deposited into their bank accounts. To avail themselves of this benefit, eligible individuals are required to complete the application form on the official website. Possession of a valid ration card is a prerequisite for accessing the advantages offered by the scheme. This initiative aims to ensure that beneficiaries can acquire necessities without facing financial constraints.
Benefits of the Scheme
The recipients chosen for the Odisha One Lakh Interest Free Loan Scheme will receive monetary support, which will be deposited directly into their bank accounts. With this financial aid, beneficiaries can procure essential items and meet their daily requirements independently, eliminating the need for external assistance.
Odisha One Lakh Interest Free Loan Scheme Features
On February 12, 2024, the Chief Minister of Odisha State unveiled the 1 Lakh Interest Free Loan Scheme, aimed at extending financial support to economically disadvantaged citizens. This initiative is specifically designed for individuals in Odisha holding ration cards, offering them the opportunity to access essential resources through a financial assistance program. The scheme, benefiting 95.90 lakh PDS beneficiary families, is geared towards uplifting financially vulnerable citizens by providing them with the means to meet their basic necessities.
Eligibility Criteria
- Applicants are required to be residents with permanent status in the state of Odisha.
- Additionally, possession of a ration card is a prerequisite for eligibility.
Required Documents
- Aadhar Card
- Residence certificate
- Income certificate
- Age proof
- Passport size photograph
- Mobile number
- Ration card
Date of Announcement
On the 12th of February 2024, the introduction of the Odisha One Lakh Interest Free Loan Scheme was announced.
How to Get Benefits of Odisha 1 Lakh Interest-Free Loan Scheme 2024
- To avail of the benefits of the Odisha one Lakh Interest-Free Loan Scheme, interested applicants should visit the official website.
- Once on the homepage, navigate to the “Apply Online” option.
- A new page will be displayed where applicants must input the required details and upload all necessary documents.
- Finally, click on the “Submit” option to successfully complete the application process.