Loan and aids through Khadi and Village Industries Commission in collaboration with various financial institutions to promote self-employment of unemployed youth in urban /rural areas by setting up micro industries, Khadi and village industries commission, district industries centre and loans and subsidy through Karnataka State Khadi and Village Industries Board
Subsidy
15 per cent for urban areas, 25 per cent for rural areas and 25 per cent for additional urban areas, 35 per cent for rural areas and 35 per cent for rural areas.
Loan for business/service purposes upto a maximum of Rs.10.00 lakhs.
Loan for industrial purpose up to a maximum of Rs.25.00 lakhs.
To whom / eligible ?
To whom?
Unemployed youth in urban/rural areas
Eligibility
Only all manufacturing and service activities that are economically sound will be eligible for the benefit under this scheme.
There is no income limit for availing loan facility for setting up enterprises under this scheme.
Must be at least 18 years of age.
Must have passed 8th class
Under this scheme, subsidy is available only for new units started by first generation entrepreneurs.
Expansion/modernization/diversification units will not be eligible to avail the benefit of this scheme.
Units/entrepreneurs who have availed loans, other facilities in other schemes will not be eligible to avail the benefit under this scheme.
Industries that use meat based manufacturing/service units (processing, canning), bidi, cigar, paan units, alcohol manufacturing/tobacco will not be allowed.
Plantations such as sericulture, horticulture, animal husbandry (poultry, piggery, etc.), tea, coffee, etc. will not be allowed.
Manufacturing of carrybags that are thinner than 20 microns, manufacturing of other products that pollute the environment. Pashmina wool processing, rural transport not allowed
Submission of Application
How to apply
online
Documents to be submitted
Documents to be submitted
Income certificate
Caste Certificate
Project Report
Aadhaar Number
Registration Certificate with regards to self help groups/co-operative societies
Contact
Department of Commerce and Industries #49, Khanija Bhavan, South Division, Devaraj Urs Road, Bangalore-560001