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18 Aug 2023

SelfEmployment Scheme (Direct Loan)

Features:

  • Under this scheme to engage in self employment activity the financial assistance will be provided to the men and women belonging to scheduled castes madiga and related castes.
  • The unit cost is Rs.1.00 Lakh out of which Rs.0.50 Lakh is subsidy and Rs.0.50 Lakh is loan.
  • The loan amount to be repaid in 30 equal installments at the rate of 4% Interest.

Eligibility:

  • Applicants must belong to scheduled caste madiga and its related community.
  • If the caste certificate is submitted in the name of Adi Karnataka, Adi Andhra, Adi dravida then a self declaration certificate is to be submitted by the applicant stating his original caste.
  • Should be resident of Karnataka state.
  • The applicant and no member of his family should not be  in employment in any Govt./Semi Govt organization.
  • The applicant and his family members if availed any loan  will be considered ineligible.
  • The applicant should have a required space to start the unit.

Conditions:

  • Beneficiaries must be selected by the Selection Committee.
  • Annual income of the applicant’s family shall be within the limit of Rs.1.50 Lakhs in case of rural areas and Rs.2.00 Lakhs in case of urban areas.
  • Applicant shall be at the age of 21 and above and 50 and below.
  • The subsidy will be sanctioned based on the purpose/activity
  • Application will be rejected, if he/she found to be ineligible during the process of selection.
  • The subsidy and loan amount will be released directly to the beneficiary/seller.

The documents to be submitted by the applicant along with application:

  • Application
  • Photo
  • Caste certificate (with R.D. Number)
  • Income certificate (with R.D. Number)
  • Aadhar Card
  • Bank Pass book