Loan will be provided to eligible entrepreneurs to start or expand their businesses by mortgaging property (building or land)
If applicant’s family income is below Rs. 8.00 lakhs, then the loan
will be provided up to Rs. 20.00 lakhs at interest rate of 4%
If applicant’s family income is Rs. 8.00 lakhs to 15 lakhs, loan will be provided up to Rs. 20.00 lakhs at interest rate of 6%
Subsidy
To whom / eligible ?
Whom
Eligibility
Applicant should be resident of Karnataka state
Applicant should belong to a minority community
Applicant Age should be between 18 to 55 years
Applicant should not be defaulter of K.M.D.C.
Loans will be provided only on mortgage of property (building/land) to the
corporation. The value of the property should not be less than the loan amount.
Business/Enterprise Loan will be given to only one member of a family