Eligibility

SC/ ST entrepreneurs in MSME sector

Quantum of Assistance

• Rs. 20.00 lakh is the minimum loan amount.

• Rs. 1000.00 lakh is the maximum amount of loan that can be taken under the scheme. The loan amount includes term loan and one-time working capital term loan. However, maximum amount of working capital loan that can be availed under the scheme is Rs. 50.00 lakh. Working capital loan cannot be repeated.

• Loan can be availed more than once for expansion of a unit, but the loan amount should not exceed the maximum limit of the loan.

• Effective interest rate is 4%.

Objectives

To encourage Scheduled Caste / Scheduled Tribe entrepreneurs to establish micro, small and medium scale industrial / service units, it is hereby ordered to extend the interest subsidy scheme on term/working capital loans to Scheduled Caste / Scheduled Tribe entrepreneurs by the Nationalised Banks/The Karnataka