One of the Government of Odisha’s top development priorities has been the empowerment of women. It is commonly known that women’s social empowerment is greatly influenced by their economic empowerment.
The highest priority has been given to assisting women in achieving financial independence by enabling them to have independent jobs and income. In order to do so, the “Mission Shakti” program’s development of Women’s Self-Help Groups (WSHGs) was embraced as a crucial tactic in 2001 as the article will be covering the work of Odisha’s effective implementation of Odisha Mission Shakti.
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Women’s empowerment leads to the advancement
“Mission Shakti” is a self-help initiative that was introduced in the state on March 8, 2001, the eve of International Women’s Day, with the goal of empowering them by encouraging them to participate in various socioeconomic activities through the formation of Women Self Help Groups (WSHGs). Mission Shakti’s goal is crystal clear: giving them access to loans and markets, it would enable them to participate in productive activities. The government’s flagship program is Mission Shakti, which aims to empower through WSHGs.
By membership in a self-help group and federation, the women of Odisha will receive services and financial support through the Odisha Mission Shakti 2024, which was established by the state government. In order to foster sustainable livelihoods, this program will provide self-help groups with access to institutional loans. Using the plan also enables them to increase their financial security and self-assurance.
Unleashing the entrepreneur’s potential
The women will connect with the banking institution via Odisha Project Shakti 2024. They will be able to receive institutional credit through the self-help group, enabling them to seek self-employment. The program also provides a variety of financial aid in the form of revolving grants, Mission Shakti loans, and seed money. Through this initiative, which integrates activities such as regular meetings, credit and thrift education, internal landing, etc. with the bank credit system, financial institutions are connected.
-Financial inclusion: The Shakti program, a component of the Odisha Mission, supports by providing seed money and a revolving fund for self-help groups. Thanks to the introduction of interest subvention programs and credit linkage, self-help organizations can now invest more money in initiatives that assist them to support their livelihood.
 -Gender equality : This approach helps to lessen gender discrimination and other societal evils by fostering the emergence of a new generation of female leaders.
