Historic initiative for economic empowerment of the Jain community: first phase of Rs 51 crore assistance begins
300 women benefit from Mahasati Chandanbala loan scheme; 511 youths get preliminary approval for self-employment
Mumbai. In a significant step towards making the economically weaker sections of the Jain community self-reliant and empowered, the Jain Minority Development Financial Corporation launched the first phase of distributing Rs 51 crore in assistance. A grand loan distribution ceremony was held at Ghatkopar on 1 November 2026 on this occasion.
The ceremony was held in the sacred presence of saints of various Jain traditions, including Rashtrasant Param Gurudev Shri Namramuni Maharaj Saheb, P. P. Shri Yashkalyan Vijay Maharaj Saheb, Pujya Bhattarak Shri Laxmisen Mahaswamiji, and Kshullika Ratna 105 Shri Vismitshri Mataji and Shri Vigamyashri Mataji. Maharashtra government ministers Ashish Shelar and Mangal Prabhat Lodha, MLA Parag Shah, and the corporation’s chairman Lalit Gandhi, who holds the rank of Minister of State, were prominently present. In the presence of the guests, various public welfare schemes of the corporation were launched.
On this occasion, cheques were handed over to 300 women under the Mahasati Chandanbala loan scheme, while preliminary approval letters for self-employment were distributed to 511 youths under the Seth Walchand Hirachand self-employment scheme.
This initiative is being seen as an important step towards making needy families, women and youths of the Jain community financially self-reliant while giving them new opportunities for employment and business. The programme was conducted by the corporation’s coordinator Sandeep Dada Bhandari.
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This is an English translation of the report published in Hindi in Shatabdi Gaurav.