Organisation : Karnataka Minorities Development Corporation (KMDC)
Scheme Name : Vrutti Protsaha Loan Scheme
Applicable For : Religious Minority Community
Applicable State/UT : Karnataka
Website : https://kmdc.karnataka.gov.in/
What is KMDC Vrutti Protsaha Loan Scheme?
The “Vrutti Protsaha Loan Scheme” was launched by the Minorities Welfare Department, Government of Karnataka, and implemented by the Karnataka Minorities Development Corporation. The scheme aims to promote self-employment and economic activities among minority communities and provides financial assistance to eligible individuals from minority communities to start or expand their economic activities, thereby fostering economic empowerment and self-sufficiency.
Related / Similar Scheme : KILT Marketing Assistance Scheme Karnataka
Benefits of KMDC Vrutti Protsaha Loan Scheme
Financial Assistance provided totals ₹1,00,000/- in two parts:
** 50% Loan Amount
** 50% Subsidy Amount
Eligibility of KMDC Vrutti Protsaha Loan Scheme
** The applicant should belong to a religious minority community as defined in the Government Order.
** The applicant should be a permanent resident of Karnataka.
** The age limit should be between 18 to 55 years.
** The annual income of the applicant’s family from all sources should be less than ₹1,03,000/- in urban areas and less than ₹81,000/- in rural areas.
** No member of the applicant’s family shall be an employee of the State/Central/ Government PSU.
** The applicant and family members should not have availed of benefits under any other scheme (Excluding the Arivu Scheme) of the KMDCL in the last 5 years.
How To Apply For KMDC Vrutti Protsaha Loan Scheme?
To apply for KMDC Vrutti Protsaha Loan Scheme, Follow the below steps
Steps:
Step-1: Applicant need to visits the Karnataka Minorities Development Corporation official website.
Step-2: Click “Apply Online” and Enter “Mobile Number” and “Submit”.
Step-3: Enter “Aadhaar Number” Fill in the “Captcha” and Select “Next”.
Step-4: Applicant will get OTP in his/her Aadhaar Linked Mobile Number.
Step-5: Enter “OTP” and select “Continue”, After that Allow the official notice.
Step-6: After verifying the Aadhaar again fill in the “OTP” and Submit.
Step-7: Select the scheme “Sikhligar’s Community Development Scheme” and fill in the basic details father’s name, gender, qualification detail
Step-8: Select “Next” Fill in the address detail and again select “Next”.
Step-9: Upload the required document passport-size photo, educational document, income certificate, etc.
Step-10: Click “Proceed” and Select “Submit Application” and get an Application ID.
Documents Required For KMDC Vrutti Protsaha Loan Scheme
** Project Report.
** Caste/Minority Certificate (issued by the competent authority).
** Income Certificate (issued by the competent authority).
** Copy of Aadhaar as Residential Proof.
** Copy of Bank Passbook.
** Self-Declaration Form from Surety.
** Self-Declaration Form.
FAQ On KMDC Vrutti Protsaha Loan Scheme
Frequently Asked Questions FAQ On KMDC Vrutti Protsaha Loan Scheme
What is the income limit for applicants?
Below ₹1,03,000/- in urban areas and ₹81,000/- in rural areas.
Can government employees apply for this scheme?
No, neither the applicant nor their family members should be government employees.
Do I need a guarantor to apply for this scheme?
Yes, a self-declaration form from a surety (guarantor) is required.
Can the loan be used for any type of business?
Yes, the loan can be used for any economic activity outlined in the project report.