Karma Sathi Prakalpa Scheme West Bengal PDF

The West Bengal government has launched the Karma Sathi Prakalpa Scheme to support unemployed youth by providing loans up to ₹2 lakh. This initiative aims to make jobless young people self-reliant. In the recent Budget, ₹500 crore has been allocated to help urban unemployed youth become self-sufficient. These loans are meant for various income-generating projects, encouraging entrepreneurship among the state’s young people.

Overview of the Karma Sathi Prakalpa Scheme

The State Cooperation Department of West Bengal will oversee the implementation of the Karma Sathi Prakalpa Scheme. Every year, the government plans to give soft loans to 1 lakh youths to help them start their own businesses, nurturing them into successful entrepreneurs.

This loan scheme allows young people to create self-employment opportunities, transforming them into job creators rather than merely job seekers. 🌟

Objectives of the Karma Sathi Prakalpa Scheme

The state government introduced this scheme following Chief Minister Mamata Banerjee’s directives. The main aim is to empower unemployed youths to become self-reliant.

• The Karma Sathi Prakalpa is designed to provide one lakh unemployed youth with soft loans and subsidies for financial independence.
• According to the Chief Minister, West Bengal has seen a reduction in its unemployment rate.
• While the overall unemployment rate in India reaches a concerning 24%, Bengal’s rate has decreased by 40%.

Under this scheme, the government has set an ambitious target of providing loans to one lakh youths annually. Each participant can secure a loan of up to ₹2 lakh, which is supplemented by government subsidies for starting new projects.

Key Features of the Karma Sathi Prakalpa Scheme

Here are some important features of the Karma Sathi Prakalpa Scheme:

• This scheme offers easy loans to youth in West Bengal for self-employment.
• Eligible candidates can receive loans up to ₹2,00,000.
• These loans are intended to help create favorable job opportunities and improve employment conditions.
• The government has also earmarked ₹500 crore specifically for urban unemployed youth to achieve self-reliance.
• Loans will be dispensed through state government-owned cooperative banks.

It is anticipated that the support from this scheme will encourage unemployed individuals to start small manufacturing ventures, paving the way to self-sufficiency.

Eligibility Criteria

To apply for the self-employment scheme, candidates must meet the following criteria:

1. Candidates must be permanent residents of West Bengal.
2. Applicants must be unemployed and actively seeking work.
3. Only those who have completed their 10th or 12th grade from a recognized institution are eligible.

Youth interested in advancing their business prospects and needing financial assistance can apply for the Karma Sathi Prakalpa Scheme.

For more details, you can download the Karma Sathi Prakalpa Scheme West Bengal PDF using the link below.

Also, Check

Karma Sathi Prakalpa Application Form