Swavalambana MM Scheme & Micro Loan Scheme Form Karnataka PDF

Swavalambana MM Scheme & Micro Loan Scheme Form Karnataka PDF Download

Swavalambana MM Scheme & Micro Loan Scheme Form Karnataka PDF download link is available below in the article, download PDF of Swavalambana MM Scheme & Micro Loan Scheme Form Karnataka using the direct link given at the bottom of content.

6 People Like This
REPORT THIS PDF ⚐

Swavalambana MM Scheme & Micro Loan Scheme Form Karnataka PDF

Swavalambana MM Scheme & Micro Loan Scheme Form Karnataka PDF Download for free using the direct download link given at the bottom of this article.

Under this scheme, persons belonging to religious Minority communities, in association with and through Banks/financial institution, are financially assisted to start and improve Business, Small Scale Cottage Industries, Service sector, Agriculture based activities, etc., Loan is provided through various Nationalized Banks/Financial Institutions / co-operative societies for the maximum project cost up to ₹.5,00,000/. 20% of the project cost will be sanctioned by the Corporation as Margin Money loan @ 6% interest p.a and 5% of unit cost or a maximum of ₹.25,000/- as subsidy Balance is provided as a loan by the Banks/Financial institutions / co-operative societies.

Sr. No.Unit CostMM Loan from KMDCSubsidy from KMDCBeneficiary ContributionCo-op Societies Loan Portion
1.Up to ₹.25,000/-Nil50% of unit cost, Max ₹.25,000/-Nil50% of unit cost, maximum ₹.20000/-
2.₹.25,001/- upto ₹.50,000/-20% of unit cost, Max ₹.10,000/-Maximum ₹.25,000/-5% of unit cost, maximum ₹.2500/-Balance amount Max ₹.32,500/-
3.₹.50,001/- upto ₹.1,00,000/-₹.10000/- upto ₹.20,000/-Maximum ₹.25,000/-5% of unit cost, Max ₹.5000/-Balance amount, Max up to 70,000/-
4.Upto ₹.5,00,000/-20% of Unit Cost Max ₹.1,00,000/-25,000/-5% of unit cost, Max ₹.25,000/-Balance amount, Max up to 3,75,000/-

The Margin Money so sanctioned by the Corporation has to be repaid by the beneficiary in 36/60 monthly installment @ 6% interest per annum to the Corporation.

This scheme is implemented through Co-Operative Societies also who have registered under the Co-operative Societies Act 1959, and who are working for the upliftment of the minorities and are showing profit and have adequate financial support to grant a loan to its members. The Societies who desire to avail this facility should present the following documents:

  • Registration Certificate of the Society.
  • Bye-Laws of the Society.
  • Details of provisions made to get money from the State Govt.
  • Audited Report for the last 3 years.
  • Report of the Dy. registrar of Co-Operative Societies with no adverse remarks.
  • Contract deed, Guarantee letter.

II. The Government of Karnataka vides G.O.No.MWD/60/MDC/2016 dt.27.10.2016 has modified ‘Swavalambana’ Margin Money Loan and Subsidy Scheme into Self-employment Scheme.

Under the modified Scheme, Subsidy will be sanctioned to the applicants belonging to religious minority communities to start or improve business, small scale cottage industries, service sector, agriculture-based activities, with the co-ordination of Nationalised Banks. The details of benefits are as under:

(1) Subsidy of 50% or a maximum of Rs.35,000/- will be sanctioned to undertake economic activities covering the unit cost of Rs.1.00 Lakh.

(2) Subsidy of 33% or a maximum of Rs.2.00 Lakhs will be sanctioned to undertake economic activities covering the unit cost of Rs.1.00 Lakh and above.

Download the Swavalambana Margin Money Scheme & Micro Loan Scheme Form in PDF format using the link given below.

PDF's Related to Swavalambana MM Scheme & Micro Loan Scheme Form Karnataka

Swavalambana MM Scheme & Micro Loan Scheme Form Karnataka PDF Download Link

REPORT THISIf the purchase / download link of Swavalambana MM Scheme & Micro Loan Scheme Form Karnataka PDF is not working or you feel any other problem with it, please REPORT IT by selecting the appropriate action such as copyright material / promotion content / link is broken etc. If Swavalambana MM Scheme & Micro Loan Scheme Form Karnataka is a copyright material we will not be providing its PDF or any source for downloading at any cost.

Leave a Reply

Your email address will not be published. Required fields are marked *