Organisation : Department of MSME&T, Government of West Bengal
Scheme Name : Karma Sathi Prakalpa Scheme
Applicable For : Entrepreneur
Applicable State/UT : West Bengal
Website : https://wbmsme.gov.in/karmasathi
What is West Bengal Karma Sathi Prakalpa Scheme?
Government of West Bengal has launched and announced the West Bengal Karma Sathi Prakalpa Scheme 2020. Any prospective entrepreneur in the age group 18 – 50 years can apply for this scheme. The Karma Sathi loan will be provided by the State-owned Cooperative Bank on soft terms.
Objectives
** To facilitate intending or prospective entrepreneurs of the state in setting up new manufacturing enterprises and small businesses including services and trading.
** To create gainful self-employment opportunity in both rural and urban areas of the state.
** This scheme aims to provide financial assistance and help passionate and prospective young entrepreneurs to start their own business as a self-employed youth who will become an employer in the future and generate more employment.
** Under the scheme, soft loan and subsidy will be provided for taking up any new income-generating project in the manufacturing, service, and trading/business sector up to Rs. 2 lakhs.
** The scheme will commence from the date of Gazette Notification and shall remain in force for a period of three years thereafter.
What is the Eligibility of Karma Sathi Prakalpa Scheme?
Any intending or, prospective entrepreneur fulfilling the conditions below can apply. Only one member from a family shall be eligible to apply under this Scheme where “family” means parents and spouse.
Age:
Any intending or prospective entrepreneur in the age group 18 – 50 years(from the date of Notification – Dt. 9th September 2020).
Educational Qualification:
** Minimum Class VIII passed. Preference will be given to intending entrepreneurs who are registered with the Employment Bank.
** Any new income-generating activity taken up for self-employment in manufacturing, services, and trading will be eligible for assistance under the scheme.
Type of Assistance
Under the scheme, soft loan and subsidy will be provided for taking up any new income generating project in manufacturing, service and trading/business sector up to Rs. 2 lakhs. The loan will be provided by the State-owned Cooperative Bank on soft terms.
Quantum of Government Subsidy
There are two components of government subsidy under this scheme.
i. Project Subsidy: 15% of the project cost subject to a maximum of Rs. 25,000.
ii. Interest subsidy: Will be paid to the entrepreneur on annual interest paid by him/her to the Co-operative Bank:
a. 50% for timely repayment of interest for maximum period of 3 years
b. 40% for all other cases for a maximum period of 3 years
Own Contribution (Margin Money):
The applicant whose project is finally sanctioned under the scheme will be required to pay his/her own contribution in the following manner:
a) Project cost up to Rs.50,000: 5% of the project cost for all categories of applicant
b) Project cost above Rs.50,000: 5% of the project cos
How To Apply For Karma Sathi Prakalpa Scheme?
i. The intended entrepreneur shall apply in the prescribed Application Form (Annexure-I) for assistance under the scheme either on-line through the Karma Sathi Portal or through physical application.
ii. The Application Form may be obtained free of cost from the following offices:
a. Office of the Block Development Officer (BDO) in case the applicant resides in the rural areas.
b. Office of the Sub-Divisional Officer (SDO) in case the applicant resides in Municipal/Notified areas outside the areas of Kolkata Municipal Corporation.
c. Kolkata Municipal Corporation (KMC) in case the applicant resides in KMC area.
d. MSME Facilitation Centre (MFC) of District Industries Centre (DIC) in the district.
Apply Online : https://wbmsme.gov.in/karmasathi
Required Documents
The application form duly filled-in will have to be submitted along with the following documents duly signed by the candidate:
i. Proof of Identity (with photo)
ii. Proof of residence
iii. Proof of educational qualification
iv. Proof of age
v. Copy of SC/ST/OBC/Minority/Differently abled certificate, if applicable
vi. Project report
Karma Sathi Assistance Desk (KSAD)
To assist the intending entrepreneurs with regard to submission of application form under the scheme, there shall be a ‘Karma Sathi Assistance Desk’ in each office where the applications will be received.Two officers shall be earmarked for running the KSAD by the BDO/SDO or the Commissioner KMC, as the case may be