Highlights
- The following benefit will be provided to eligible beneficiaries under Karnataka Shrama Shakthi Loan Scheme :-
- Loan of Rs. 50,000/- will be given.
- Nominal Interest Rate of 4% will be charged.
- If Applicant Pay Half Loan Amount i.e Rs. 25,000/- in 36 Months then applicant doesn't have to pay other Half Amount of Loan.
- If Applicant fails to pay Half Loan Amount of Rs. 25,000/- in 36 Months then applicant has to pay other Half Amount of Loan.
- Skill Training will also provided to Applicant.
Customer Care
- Karnataka Minorities Development Corporation Limited Helpline Number :- 080-22860999.
- Karnataka Minorities Development Corporation Limited WhatsApp Helpline :- 08277799990.
- Karnataka Minorities Development Corporation Limited Helpdesk Email :-
- info.kmdc@karnataka.gov.in.
- kmdc.ho.info@karnataka.gov.in.
Overview Of The Scheme
|
|
---|---|
Name of Scheme | Karnataka Shrama Shakthi Loan Scheme. |
Benefits |
|
Beneficiary | Resident of Karnataka. |
Nodal Department | Karnataka Minorities Development Corporation Limited. |
Subscription | Subscribe Here to Get Update Regarding Scheme. |
Mode of Apply | Through Karnataka Shrama Shakthi Loan Scheme. |
Introduction
- Karnataka Shrama Shakthi Loan Scheme is the major financial welfare scheme of Karnataka Government.
- Karnataka Minorities Development Corporation Limited is the nodal department of this scheme.
- The main objective behind launching this scheme is to provide financial assistance as a loan to the people of Karnataka who are willing to start or expand their businesses.
- This scheme is also called as "Karnataka Shrama Shakthi Scheme".
- Loan of Rs. 50,000/- will be provided to eligible beneficiaries at a very nominal interest rate of 4%.
- Applicant can use this amount of loan to start his/ her new business or to expand the pre existing one.
- Government of Karnataka will also provide subsidy on loan taken under Shrama Shakthi Loan Scheme applicable with conditions.
- There are two necessary conditions is applicable for subsidy in Karnataka Shrama Shakthi Loan Scheme :-
- If Applicant Pay Half Amount of Loan in 36 Months, then the other half will be treated as Back End Subsidy.
- But if Applicant fails to Pay the Half Amount of Loan in 36 Months then the other half will be treated as loan.
- This means applicant has to pay the half loan amount of Rs. 25,000/- within 36 months and the other half of Rs. 25,000/- will be subsidised and not need to pay by beneficiary.
- But, if applicant fails to pay the half loan amount of Rs. 25,000/- within 36 months then the other half of Rs. 25,000/- will be treated as loan and have to pay back the whole amount of loan of Rs. 50,000/- by the applicant.
- Applicant has to pay nominal interest rate of 4% again on the sanctioned loan.
- Shrama Shakthi Loan Scheme is not available for all the people of Karnataka.
- Applicant belongs to any of the minority community are eligible to apply for loan under Karnataka Shrama Shakthi Loan Scheme :-
- Muslims.
- Sikhs.
- Parsis.
- Jains.
- Christians.
- Buddhism.
- Benefits that are provided to selected beneficiary under Karnataka Shrama Shakthi Loan Scheme are as follows :-
- Collateral Free Loan of Rs. 50,000/-.
- Interest Rate will be charged @ 4% per year.
- If Half amount of loan paid within 36 months then no need to pay other half.
- Skill Training will also provided.
- There is no collateral security is required to avail the loan benefit under Karnataka Shrama Shakthi Scheme.
- Eligible Beneficiary can apply through Karnataka Online Application Management System Portal and then submit the application form of shramashakthi loan scheme with documents to its district selection panel.
- Online Application of Shrama Shakthi Scheme is available till 03-10-2023.
- Beneficiary can visit the Karnataka Online Application Management System Portal and apply for the Karnataka Shrama Shakthi Loan Scheme on or before 3rd October 2023.
Benefits of Scheme
- The following benefits will be provided by Karnataka Government under Shrama Shakthi Loan Scheme :-
- Collateral Free Loan of Rs. 50,000/- will be Provided.
- Nominal Interest Rate of 4% will be charged.
- If Applicant Pay Half Loan Amount i.e Rs. 25,000/- in 36 Months then applicant doesn't have to pay other Half Amount of Loan.
- If Applicant fails to pay Half Loan Amount of Rs. 25,000/- in 36 Months then applicant has to pay other Half Amount of Loan.
- Skill Training will also provided to Applicant.
Eligibility
- Applicant should be a Resident of Karnataka.
- The Age of Applicant should be between 18 Years to 55 Years.
- The Annual Family Income of Applicant should not be more than Rs. 3,50,000/-.
- Applicant must be belong to any of the following minority community :-
- Muslims.
- Sikhs.
- Parsis.
- Jains.
- Christians.
- Buddhism.
Document Required
- Following Documents will be required at the time of applying for loan under Shrama Shakthi Loan Scheme of Government of Karnataka :-
- Online Application Form.
- Residence Proof of Karnataka.
- Minority Certificate.
- Caste Certificate.
- Income Certificate.
- Aadhar Card.
- Project Report.
- Passport Size Photo.
- Bank Account Details.
- Self Declaration Form.
- Surety Self Declaration Form.
How to Apply
- Eligible Beneficiary can apply for Shrama Shakthi Scheme through Online Application Form.
- Online Application Form of Karnataka Shrama Shakthi Scheme is available on Karnataka Online Application Management System Portal.
- Enter your mobile number and verify the OTP to login.
- Fill the following details in the Shrama Shakthi Scheme Online Application Form :-
- Personal Details.
- Contact Details.
- Project Details.
- Upload the required documents on the portal.
- Once you click on submit button, the application form will be submitted.
- Take a print out of the Online Application Form and attach all the required documents with it.
- Submit the Application Form of Shrama Shakthi Scheme along with all the documents to the District Selection Panel.
- District Selection Panel will scrutinise the application form and documents and make a list of eligible and ineligible applicants.
- Eligible Beneficiary can get a loan amount in their bank account.
- The last to apply for Loan under Shrama Shakthi Loan Scheme of Karnataka is 03-10-2023.
- Eligible Beneficiaries can apply for Karnataka Shrama Shakthi Loan Scheme till 3rd of October 2023.
Important Forms
- Karnataka Shrama Shakthi Loan Scheme Self Declaration Form.
- Karnataka Shrama Shakthi Loan Scheme Surety Self Declaration Form.
Important Links
- Karnataka Shrama Shakthi Loan Scheme Online Application Form.
- Karnataka Shrama Shakthi Loan Scheme Registration.
- Karnataka Shrama Shakthi Loan Scheme Application Status.
- Karnataka Minorities Development Corporation Limited Portal.
- Karnataka Shrama Shakthi Loan Scheme Guidelines.
- Karnataka Minorities Development Corporation Limited App.
- Karnataka Minorities Development Corporation Limited District Office Contact Numbers.
Contact Details
- Karnataka Minorities Development Corporation Limited Helpline Number :- 080-22860999.
- Karnataka Minorities Development Corporation Limited WhatsApp Helpline :- 08277799990.
- Karnataka Minorities Development Corporation Limited Helpdesk Email :-
- info.kmdc@karnataka.gov.in.
- kmdc.ho.info@karnataka.gov.in.
- Karnataka Minorities Department Corporation Limited,
No. 39-821, Subedhar Chatra Road,
Sheshadripuram, Bengaluru,
Karnataka - 5660001.
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