Interest subsidy on loans availed by entrepreneurs belonging to Scheduled Castes/Scheduled Tribe from any nationalized banks/DCC banks/apex banks.
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..
Interest subsidy facility is provided for loans from minimum Rs.10.00 lakhs to maximum Rs.10.00 lakhs.
Repayment period for loan up to Rs.5.00 crore is 8 years (96 months) and for Rs.5.00 crore to Rs.10.00 crore, it is 10 years (120 months)..
Subsidy
To whom / eligible ?
To Whom
For Scheduled Caste Students
Eligibility
MSME industry/unit, entrepreneurship and services covered by the MSME Act 2026 are eligible for interest subsidy scheme for entrepreneurs taking loans for starting new and renovating existing business.
An entrepreneur is allowed to avail the facility only once
Industries/units/services 100% owned by Scheduled Caste/Scheduled Tribe entrepreneurs are eligible for interest subsidy on loan under this scheme.
Units receiving interest subsidy under any other scheme of Central/State Govt are not eligible for benefit under this scheme
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
