Sant Ravi Das Swarojgaar Yojana

About This Scheme

The Sant Ravi Das Swarojgaar Yojana under the Tribal Welfare and SC Department, Madhya Pradesh, provides funding for manufacturing units (₹1 lakh to ₹50 lakh) and service/retail trade projects (₹1 lakh to ₹25 lakh) for Scheduled Caste applicants. Scheduled Caste beneficiaries can receive a 5% annual interest subsidy on Term and Working Capital Loans for up to 7 years, including the moratorium period. Beneficiaries can also avail a 12-day entrepreneurship development training through an online training module.

Eligibility

1. The applicant should be a resident of Madhya Pradesh. 1. The applicant should be between 18 and 40 years of age. 1. The applicant should be belong to Scheduled Caste category. 1. The applicant should have a minimum educational qualification of 12th class passed. 1. The applicant's annual family income should not exceed ₹12.00 lakhs. 1. The applicant should not be a defaulter of any bank or financial institution, including MFI, NBFC, SFB, or PACS. 1. The applicant should not currently be a beneficiary of any other self-employment scheme of the state or central government. 1. Family Definition: - If unmarried: The applicant and dependent parents. - If married: The applicant, spouse, and dependent children (no age bar for dependent, unmarried children).

Benefits

1. Scheduled Caste beneficiaries can receive a 5% annual interest subsidy on Term and Working Capital Loans for up to 7 years, including the moratorium period. 1. The subsidy is provided on the condition of regular loan repayment as per the prescribed schedule.

How to Apply

Where This Comes From

This scheme was sourced from myScheme, the Government of India's official Central+State scheme discovery portal, and reviewed by an editor before publishing. Use the button above to read the full details and apply directly on the official source.