Details
This scheme aims to supply self-employment to unemployed persons in urban and rural areas. Disabled and blind persons are also eligible to take benefits under this scheme
Benefits
- Maximum Limit for Bank Loan
- ₹.8.00 lakh for the Industries sector.
- ₹.8.00 lakh for the Service sector.
- ₹.8.00 lakh for the Business sector.
- Rate of subsidy on the loan amount: Subsidy will be available as mentioned below for the Industries, Service & Business sectors.
| Area | General Category | Scheduled Castes/ Scheduled Tribes / Ex-serviceman/Women/ blind or handicapped having 40% or more disability |
| Rural | 25% | 40% |
| Urban | 20% | 30% |
- Maximum Limit of Subsidy
| S No. | Sector | Limit of Subsidy Amount |
| 1 | Industries | Rs. 1,25,000/- |
| 2 | Service | Rs. 1,00,00/- |
| 3 | Business | General Category: Urban- Rs. 60,000/- Rural Rs. Rs. 75,000/- |
| 4 | Business | Reserve Category: Urban/ Rural Rs. 80,000/- |
Note: The maximum limit of subsidy per beneficiary in any sector will be ₹.1,25,000/- for a blind or handicapped person
Eligibility
- Age: 18 to 65 years.
- Qualification: The applicant should have passed the minimum standard fourth OR, Training/ Experience: Should have undergone training for a minimum of three months from the private establishment or a minimum of one month from Government recognized Institutes, in the area of the proposed business or should have experience of minimum 1 year in the same activity or should be a hereditary craftsperson.
- No Income criteria