Self-Employment Scheme for Unemployed Minority Communities

About This Scheme

The scheme “Self-Employment Scheme for Unemployed Minority Communities” was launched by the Minority Welfare Department, Government of Uttarakhand. The scheme aims to provide a grant of 25% of the loan amount to individuals belonging to minority communities who are permanent residents of Uttarakhand. The grant is available when a loan of ₹1 lakh to ₹10 lakh is taken for starting self-employment activities.

Eligibility

1. The applicant must be a permanent resident of Uttarakhand. 1. The applicant must belong to a minority community (Muslim, Sikh, Christian, Parsi, Buddhist, or Jain). 1. The applicant’s age should be between 18 and 55 years. 1. The annual family income from all sources should not exceed ₹2,50,000/-, or the applicant should be a member of a BPL family.

Benefits

- Under this scheme, a grant is provided for self-employment. On taking a loan of ₹1 lakh to ₹10 lakh, a grant of 25% of the loan amount is given, with a minimum grant of ₹25,000/- and a maximum of ₹2,50,000/-. - The benefit of the scheme is available only on taking a loan, in which 60% of the project cost is provided as a loan, 25% as grant/subsidy by the department, and 15% as contribution by the applicant. - Interest on the loan will be charged according to the current prevailing rates of the bank.

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.