West Bengal Karma Sathi Prakalpa Scheme

Introduction

• Karma Sathi Prakalpa was launched in 2020 by Government of West Bengal.
• The Scheme was launched with an objective of facilitating young entrepreneurs of the state in setting up new manufacturing enterprises and small businesses including services and trading.
• Setting up of enterprises in the state will be creating more and more Job opportunities.
• This will help youths to create self employment opportunities for them.
• This scheme is also called as "West Bengal Karma Sathi Prakalpa Yojana".
• Government of West Bengal will now provide entrepreneurship loan to youths of state to start their own income generation activity.
• Apart from loan, Subsidy on Bank Interest and Project Cost will also provided under Karma Sathi Prakalpa Scheme of West Bengal Government.
• Soft Loan up to Rs. 2,00,000/- will be provided for starting income generation self employment activity.
• On availing loan under this scheme, Government will be providing Project subsidy and Interest Subsidy.
• Subsidy of 15% of Project Cost or a maximum of Rs. 25,000/- will be provided by the Government under Karma Sathi Prakalpa Scheme.
• If beneficiary timely repaid his/ her loan as taken under Karma Sathi Prakalpa Scheme then Government of West Bengal will refunded the 50% of Interest Amount to beneficiary as Interest Subsidy.
• In all other cases, 40% Subsidy on Interest will be payable.
• Interest Subsidy will be payable only for a maximum period of 3 years under Karma Sathi Prakalpa Scheme.
• Applicant should be in the age group of 18 to 50 years to avail the benefit of the scheme.
• Educational qualification of the applicant should be minimum Class 8th Passed.
• Eligible Beneficiaries can apply for loan for their business activity under West Bengal Government's Karma Sathi Prakalpa Scheme by applying through Online Application Form as well as Offline Application Form.

Benefits of Scheme

• Government of West Bengal will provide the following benefits to Youth of West Bengal under Karma Sathi Prakalpa Scheme :-
  • Loans will be provided to start business or self employment activity.
  • Soft Loan up to Rs. 2,00,000/- will be provided to Beneficiary.
  • Interest Subsidy and Subsidy on Project Cost will also provided by West Bengal Government.
  • Following Interest and Project Subsidy on Soft Loan will be provided to beneficiaries :-

    Subsidy Type	Subsidy
    Project Subsidy	15% of the Project Cost to a Maximum of Rs. 25,000/-.
    Interest Subsidy	50% Subsidy on Interest for Timely Repayments for Maximum Period of 3 Years.
    	40% Subsidy on Interest for all Other Cases for Maximum Period of 3 Years.

Eligibility Criteria

• Applicant must be a Resident of West Bengal.
• Applicant should be in the Age Group of 18 Years to 50 Years.
• Applicant should be minimum Class 8th Passed.
• Only One member of a family is Eligible to Apply for the Scheme.
• Applicant should be willing to start self employment activity like Manufacturing, Services and Trading.

Documents Required

• The below mentioned documents is required at the time of applying for loan and interest subsidy under West Bengal Karma Sathi Prakalpa Scheme :-
  • Aadhar card.
  • Proof of Residence.
  • Birth Certificate.
  • Cast Certificate. (If applicable)
  • Educational Related Documents.
  • Detailed Project Report.
  • Employment Bank Number. (If applicable)

How to Apply

• Eligible Applicants can apply for loan for their business under West Bengal Karma Sathi Prakalpa Scheme through :-
  • West Bengal Karma Sathi Prakalpa Scheme Offline Application Form.
  • West Bengal Karma Sathi Prakalpa Scheme Online Application Form.

  Offline Application Form

  • Beneficiary can apply for Soft Loan and Interest Subsidy under Karma Sathi Prakalpa by filling Offline Application Form.
  • Offline Application Form of Karma Sathi Prakalpa Scheme is available free of cost at any of the below mentioned offices :-
    • Office of the Block Development Officer. (BDO)
    • Office of the Sub-Divisional Officer. (SDO)
    • Kolkata Municipal Corporation. (KMC)
    • MSME Facilitation Centre. (MFC)
  • Collect the Application Form of Karma Sathi Prakalpa and fill it correctly.
  • Attach all the required documents with the application form.
  • Submit the Karma Sathi Prakalpa Application Form along with all the documents in the same office from where the application form was collected.
  • Concerned Officials will verify the application form and documents and forward it to financial institution for granting loan after proper verification.
  • Once the financial institution gave its approval for loan, Beneficiaries of Karma Sathi Prakalpa will get the loan amount in their bank account.

  Online Application Form

  • Beneficiary Applicant can also apply for soft loan and interest subsidy through Online Application Form.
  • Online Application Form of Karma Sathi Prakalpa Scheme is available on Official Website.
  • Click on Apply Online to fill the Application Form.
  • Fill the basic details in the Application Form.
  • Upload all the required documents.
  • Preview the Application Form and then Click on Submit Button to Submit it.
  • Concerned Officials of Department will verify the Application Form and Documents.
  • Then Selected Beneficiary List of West Bengal Karma Sathi Prakalpa Scheme will then forward for approval of loan to financial institution.
  • Beneficiary will be informed through SMS or Email if there application is selected for loan.
  • Application Status of Karma Sathi Prakalpa Scheme can be seen after Log In on the Portal.

Features of Scheme

• The loan provided by the bank under Karma Sathi Prakalpa Scheme of West Bengal Government will available on soft terms.
• For Loan Amount up to Rs. 50,000/- :-

  For all Categories
  Own Contribution	5% of Project Cost.
  Subsidy by Government	15% of Project Cost. (Maximum of Rs. 25,000)
  Bank Loan	80% of Project Cost.

• For Loan Amount above Rs. 50,000/- :-

  For General Category
  Own Contribution	10% of Project Cost.
  Subsidy by Government	15% of Project Cost. (Maximum of Rs. 25,000)
  Bank Loan	75% of Project Cost.

  For SC/ ST/ Woman/ Differently Abled/ Minority
  Own Contribution	5% of Project Cost.
  Subsidy by Government	15% of Project Cost. (Maximum of Rs. 25,000)
  Bank Loan	80% of Project Cost.

• Interest Subsidy provided by the Government to the beneficiary will be paid up to the period of three years.
• If loan is to be repaid by the beneficiary in more than three years, then government will provide interest subsidy to the beneficiary for three years only.
• For regular repayment, the Government will refund 50% of the interest paid by the beneficiary in 3 years into the beneficiary bank account as Interest Subsidy.
• For all other cases, the Government will refund 40% of the interest paid by the beneficiary in 3 years into the beneficiary bank account as Interest Subsidy.
• Preference will be given to intending entrepreneurs who are registered with the Employment Bank.

Important Application Form

• West Bengal Karma Sathi Prakalpa Scheme Offline Application Form.

Important links

• West Bengal Karma Sathi Prakalpa Scheme Online Application Form.
• West Bengal Karma Sathi Prakalpa Scheme Registration.
• West Bengal Karma Sathi Prakalpa Scheme Application Status.
• West Bengal Karma Sathi Prakalpa Scheme Website.
• West Bengal Karma Sathi Prakalpa Scheme Guidelines.
• West Bengal Karma Sathi Prakalpa Scheme FAQ.
• Department of Micro, Small & Medium Enterprises and Textiles.

Contact Details

• District Wise Contact List of West Bengal Karma Sathi Prakalpa Scheme.