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18 Aug 2023

Micro Credit Scheme

Features:

  • The women self help group having minimum 10 members, Rs.0.25 Lakh will be sanctioned for each members and a total amount of Rs.2.50 Lakhs will be sanctioned by the corporation.
  • The unit cost is Rs.0.25 Lakh out of which Rs.0.15 Lakh is subsidy and Rs.0.10 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 castes madiga and its related community.
  • Should be resident of Karnataka state.
  • Applicant shall be at the age of 21 and above and 50 and below.
  • 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.
  • 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.
  • Application will be rejected, if he/she found to be ineligible during the process of selection.

Conditions:

  • The women self help group must be selected by the Selection Committee.
  • The members of women self help group the 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.
  • Application will be rejected, if he/she found to be ineligible during the process of selection.

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
  • SHG Registered certificate