India, March 10 -- The state government has started using the 'Mukhyamantri Majhi Ladki Bahin Yojana' (MMLBY) in a unique way by allowing beneficiaries to access collateral-free, interest-free loans for setting up their own micro businesses. With the help of the Mumbai District Central Cooperative Bank, eligible women entrepreneurs can now get a loan to set up a small business.

The Ladki Bahin scheme which provides a monthly Rs.1,500 to eligible women aged 21 to 65, will now provide a loan which can also be considered an advance on the monthly payments. The women will not have to repay the loan as it will be deducted from their monthly Rs.1,500 under the scheme. A pilot programme has already been taken up and nearly 6,500 women have rece...