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OBJECTIVES

• Reaching out to economically weaker sections, especially unemployed youth, and empowering them.
• Implementing scheme to provide employment and self-employment opportunities.
• Facilitating the social development of economically weaker sections.

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FEATURES

• Amount up to Rs. 4.5 Lakh will refunded in total
• Interest amount up to 12% on the loan taken by the beneficiary will be paid
• The benefit applicable for 5 years from the date of taking the loan or the actual loan period whichever is less
• Maximum limit of loan amount is Rs. 15 lakhs
• The beneficiaries who have received loans through nationalized banks under the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) scheme. The Corporation will credit the amount of Premium charged under the CGTMSE scheme to such beneficiaries along with the interest refund amount, after claiming by the beneficiary.
• After paying the interest amount to the bank as per the rules of the lending bank, the corporation will deposit the interest amount in the beneficiary's Aadhaar Link loan account.
• The timing of subsidy payments is determined by the government, so we cannot provide an exact date for disbursement. However, we will keep you informed and support you throughout the process.

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CRITERIA

• Applicant(s) should be resident of Maharashtra
• This scheme is applicable for beneficiary those who comes under non-creamy layer category with annual income limit of Rs. 8 Lakh
• Beneficiaries should not have availed the benefits of this or any other corporation
• One person can be benefited from this scheme only once
• Beneficiary's financial annual income within Non-Creamy Layer limit (certificate from competent authority that is within the limit of Rs. 8 lakh) issued by the government from time to time or gross income as per individual ITR (for husband and wife) will be considered and Net Taxable Income will not be considered.
• Beneficiary has to upload two photos of their business within six months of starting the business. After that, beneficiary has to upload updated photos of their business every four months
• Beneficiary has to Repay installments on time as per the rules of the lending bank, if fail, subsidy will be stopped

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REQUIRED DOCUMENTS

Mandatory :

1. Aadhaar Card
2. Pan Card
3. Applicant Photo
4. ITR / Income Certificate
5. Caste Certificate / Leaving Certificate (Caste mentioned on that)
6. Self Declaration (Download Form)

Will be provided by our expert team :

1. Detailed Project Report
2. Application submission to government

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PROCESS FLOW :

• Submit the application with project report and required documents on the portal.
• After submission, the nodal officer screens the application for eligibility based on guidelines and marks it on the portal if eligible.
• The lender reviews the application, conducts due diligence, and approves or reject the loan.
• After meeting the sanction letter conditions, the lender disburses the loan to the beneficiary.
• At last, the releases of interest subvention starts as per guidelines.

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Apply