Vrutti Protsaha Loan Scheme
At a Glance
Scheme Category
Skills & Employment,Social welfare & Empowerment,Citizen empowerment,Financial assistance
Target Beneficiaries
Individual
Brief Description
The "Vrutti Protsaha Loan Scheme" is an initiative by the Karnataka Minority Development Corporation (KMDC) to promote self-employment and economic activities among minority communities. The scheme provides financial assistance to eligible individuals from minority communities.
Benefit Type
Cash
Eligibility Criteria
1. The applicant should belong to a religious minority community as defined in the Government Order. 1. The applicant should be a permanent resident of Karnataka. 1. The age limit should be between 18 to 55 years. 1. The annual income of the applicant&39;s family from all sources should be less than ₹1,03,000/- in urban areas and less than ₹81,000/- in rural areas. 1. No member of the applicant&39;s family shall be an employee of the State/Central/ Government PSU. 1. The applicant and family members should not have availed of benefits under any other scheme (Excluding the Arivu Scheme) of the KMDCL in the last 5 years.
Application Mode
Online
Application Process
Step-01: Applicant need to visits the Karnataka Minorities Development Corporation <nis:link nis:type=webUrl nis:id=slugId nis:text="official website" nis:value=https://kmdconline.karnataka.gov.in/Portal/home nis:enabled=true/>. Step-02: Click "<nis:link nis:type=webUrl nis:id=slugId nis:text="Apply Online" nis:value=https://kmdconline.karnataka.gov.in/Portal/login nis:enabled=true/>" and Enter "Mobile Number" and "Submit". Step-03: Enter "Aadhaar Number" Fill in the "Captcha" and Select "Next". Step-04: Applicant will get OTP in his/her Aadhaar Linked Mobile Number. Step-05: Enter "OTP" and select "Continue", After that Allow the official notice. Step-06: After verifying the Aadhaar again fill in the "OTP" and Submit. Step-07: Select the scheme "Sikhligar’s Community Development Scheme" and fill in the basic details father&39;s name, gender, qualification detail Step-08: Select "Next" Fill in the address detail and again select "Next". Step-09: Upload the required document passport-size photo, educational document, income certificate, etc. Step-10: Click "Proceed" and Select "Submit Application" and get an Application ID.
Required Documents
- - Project Report.
- - Caste/Minority Certificate (issued by the competent authority).
- - Income Certificate (issued by the competent authority).
- - Copy of Aadhaar as Residential Proof.
- - Copy of Bank Passbook.
- - Self-Declaration Form from Surety.
- - Self-Declaration Form.
FAQs
Who is eligible for the Vrutti Protsaha Scheme?
Minority community members, aged 18-55, residing in Karnataka.
What is the financial assistance provided under this scheme?
₹50,000/- as a loan and ₹50,000/- as a subsidy.
What is the income limit for applicants?
Below ₹1,03,000/- in urban areas and ₹81,000/- in rural areas.
Can government employees apply for this scheme?
No, neither the applicant nor their family members should be government employees.
Can I apply if I have benefited from another KMDCL scheme?
No, except if you have only availed of benefits from the Arivu Education Loan Scheme in the last 5 years.
Is there an age limit for applicants?
Yes, applicants must be between 18 to 55 years old.
What is the purpose of the subsidy in this scheme?
The subsidy is provided to reduce the financial burden of starting a business.
Do I need a guarantor to apply for this scheme?
Yes, a self-declaration form from a surety (guarantor) is required.
Can the loan be used for any type of business?
Yes, the loan can be used for any economic activity outlined in the project report.
Is there any processing fee for this scheme?
Check with KMDCL for details on any applicable fees.