KMDC: Shramashakti Yojane

Benefit

• Under this scheme, to develop the traditional skills, to continue in the same business or to start a small business or to improve their businesses, religious minority community entrepreneurs will be trained in artistic and technical skills, and provided a loan of Rs. 50,000/- with 4% rate of interest, to be paid in 36 instalments. If the beneficiary repays 50% of the loan within 36 months, the remaining 50% of the loan would be considered a back-end subsidy. If the beneficiary fails to repay the loan within 36 months, 50% of the backend subsidy will be considered as a loan.

Subsidy

• Total subsidy for minorities

Whom

Person belongs to religious minority

Eligibility

• Applicants must belong to the State Religious Minority Community.
• The applicant must be a permanent resident of the State.
• The age limit of the applicant is 18 between to 55 years.
• The annual income of the family from all sources shall not exceed Rs. 6.00 lakh per annum
• No member of the applicant’s family shall be an employee of the State/Central/ Government PSU
• The applicant should not have availed any loan from KMDC.

How to apply

• Online

Documents to be submitted

• Online application
• Beneficiary’s latest 2 passport size photos
• Caste and income certificate
• Copy of Aadhaar card
• Project report of the business

No. 39-821, 2nd Floor, K M D C BHAVAN, Subedhar Chatra Road, Sheshadripuram, Bengaluru – 560020,Karnataka
080-22860999 /
080-22861226
[email protected]

or Contact Respective District Executive Office

Helpline: 8277799990