Individuals of Self Help Group (Minorities) avail Rs. 10000/- (Rs. 5000/- as loan and R.s 5000/- as subsidy) with the interest rate of 5% for starting small businesses like Pan shop, ground nut selling, cycle repair, fruits selling, welding, fish selling, tea shop, etc. Loan to be repaid in 36 monthly instalments. This loan is facilitate through SHGs.
Subsidy
If the beneficiary failed to repay the loan within 36 months then bank end subsidy is considered as loan amount
To whom / eligible ?
Whom
Person belongs to religious minority
Eligibility
Religious minority
Permanent resident of state
Family annual income should not exceed Rs. 81000/- in rural and Rs. 1.03 lakh in urban areas
Applicant family members should not be in state or central government jobs
Aged between 25 – 50 years
Association registration certificate obtained by Sub Registrar
Applicant family members should not be in state or central government jobs
Applicant or his/her family should not be recipient of any schemes under government or corporation
Submission of Application
How to apply
Online
Documents to be submitted
Caste and Income certificate
Identity card
AADHAR Card
Ration card
Applicant age should be between 18 to 50 years
Contact
District Executive Office, Karnataka Minority Development Corporation
