Gruha Lakshmi multipurpose cooperative society opens for scheme beneficiaries

BENGALURU: The Department of Women and Child Welfare has established the Gruha Lakshmi Multipurpose Cooperative Society for the benefit of Gruha Lakshmi scheme beneficiaries. The society aims to provide financial assistance to its members at a low interest rate.

Currently, around 2,000 Gruha Lakshmi scheme beneficiaries have become members of the society. Gruha Lakshmi beneficiaries can become members by paying a one-time registration fee of Rs 1250, which includes Rs 1,000 deposit, Rs 100 joining fee and Rs 150 registration fee.

The society aims to enroll 1.28 crore Gruha Lakshmi beneficiaries as members. Members can avail loans at a low interest rate six months after the society’s formation. Anganwadi workers and district-level officials are involved in enrolling members. Plans are under way to introduce online registration for membership too.