50% of the share capital paid up by the members of the co-operative society or a maximum of Rs.10.00 lakhs will be given by the government in the form of share capital.
Entrepreneurs availing loans need to pay an interest of 4% of the interest rate charged by the bank, and the rest of the interest amount is being refunded at the total interest rate..
Financial assistance in the form of share capital to make Scheduled Caste/Scheduled Tribes co-operative societies financially sound.
Subsidy
To whom / eligible ?
To Whom
Scheduled Caste/Scheduled Tribes
Eligibility
Out of the total members of the cooperative society, the number of members belonging to Scheduled Caste should be 70 % and the number of members belonging to Scheduled Tribes/backward class should be 30 percent.
A cooperative society must be registered under the Karnataka Cooperative Societies Act.
A co-operative society should have engaged in economic activities.
The co-operative Society shall abide by all the terms and conditions contained in the Karnataka Co-operative Societies Act.
The Co-operative Society is required to publish an annual report as per the Karnataka Co-operative Societies Act.
Submission of Application
How to apply
For more information contact the nearest Social Welfare Department
Documents To Be Submitted
Contact
Department of Social Welfare
Address: 5th Floor,multi-store Building,
Dr. B.R. Ambedkar Veedi, Bangalore-560 001
