Organisation : Karnataka Minorities Development Corporation Limited (KMDC)
Scheme Name : Shrama Shakthi Scheme
Applicable For : Karnataka State Religious Minority Community
Applicable State/UT : Karnataka
Website : https://kmdc.karnataka.gov.in/22/shrama-shakthi/en
What is KMDC Shrama Shakthi Scheme?
Under the KMDC Shrama Shakthi 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.
Related / Similar Scheme : HFW Thayi Bhagya Scheme Karnataka
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.
Eligibility of KMDC Shrama Shakthi Scheme
** 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 For KMDC Shrama Shakthi Scheme?
To Apply For KMDC Shrama Shakthi Scheme, Follow the below steps
Steps:
Step-1 : First go to the official website, and fill out the application form.
Step-2 : Print the application form.
Step-3 : Submit this application form along with other relevant documents to the Selection Panel of your concerned district.
Step-4 : After the approval of the Selection Panel, Subsidy will be transferred to your bank account.
Documents Required For KMDC Shrama Shakthi Scheme
** Online application
** Beneficiary’s latest 2 passport size photos
** Caste and income certificate
** Copy of Aadhaar card
** Project report of the business
Selection Panel of KMDC Shrama Shakthi Scheme
** Concerned MLA of the respective Assembly Constituency – Chairman
** Member of the Legislative Council who is permanent resident in the Taluk – Vice-Chairman.
** Concerned Taluk Tahsildar – Member
** Executive Officer of the concerned Taluk Panchayat – Member
** Concerned District’s Lead Bank Manager – Member
** Concerned District Joint Director, Commerce and Industry – Member
** Concerned District Deputy Directors, Women and Child Welfare Department- Member
** Concerned District Manager, Karnataka Minority Development Corporation- Member Secretary
FAQ On KMDC Shrama Shakthi Scheme
Frequently Asked Questions FAQ On KMDC Shrama Shakthi Scheme
Who should apply for this scheme?
Only residents of Karnataka State who belong to religious minority community are eligible to apply for this scheme.
What is the application process for this scheme?
Under this scheme, first step is to fill the online application, and after submission, the print out of this application is to be submitted to the Selection Panel of your concerned district along with other documents.
Can government employees apply to get benefits from this scheme?
No, A person whose family member is an employee of the State/Central/ Government Public Sector Units.
Is there any provision for training under this scheme?
Yes, training will be given to religious minority community entrepreneurs.