KMDC : Shramashakthi Loan Scheme application process started

Karnataka Minorities Development Corporation Limited, KMDC : Shramashakthi Loan Scheme application process has been started, Under Shramashakthi Loan Scheme, the loan will be provided to minority traditional artisans to improve their artistic and technical skills to start or expand their trade

A loan upto Rs. 50,000 will be provided at 4% rate of interest. Out of Rs. 50,000 , 50% will be considered as back end subsidy to the beneficiary, in case the beneficiary repays 50% of the loan sanctioned within the specified period of 36 months. If the beneficiary fails to repay the Rs. 50,000 loan within the period of 36 months, the ‘back end subsidy’ will also be considered as loan.

ELIGIBLITY

Candidate should be belonging to religious minorities community, permanent resident of Karnataka, between 18 to 55 years, Annual family income less than Rs 3.5 Lakh, No member of Candidates family should be Central / State Government employee and Candidates family members should not have availed benefits under any other scheme (Excluding Arivu Scheme) of the KMDCL in the last 5 years

DOCUMENTS REQUIRED

The documents required to apply are Project Report, Caste Certificate, Income Certificate, Aadhaar Card, Bank Passbook, Self-Declaration Form, Self-Declaration Form from Surety

LAST DATE

The application for the KMDC : Shramashakthi Loan Scheme to be submitted within 25th September 2023