Direct Loan Scheme Karnataka

About This Scheme

The "Direct Loan Scheme" was implemented by Karnataka Leather Industries Development Corporation Ltd, Department of Social Welfare, Govt of Karnataka. The scheme aims to provide financial assistance to unemployed scheduled caste individuals from the leather artisan community to start small businesses and empower artisans and improve their livelihoods by providing access to capital to start or expand small-scale enterprises.

Eligibility

1. The applicant should be leather artisans. 1. The applicant should belongs to sub-castes Arundathiyar, Chammadiya, Chamar, Chambar, Chamagar, Madar, Madig, Madiga, Mini Madig, Jambavalu, Haralayya, Machigar, Mochigar, Mochi, muchi, Telugu Mochi, kamaati mocha, Rohidas, Dhor, kakkayya, Kankayya, Samagara, Samagar, Aadhi Anddra, Aadhi Dravida, Aadhi Karnataka among scheduled castes. 1. The age of the applicant should be 18 years. 1. The applicant's annual family income should not exceed ₹30,000/- in rural areas and ₹25,000/- in urban areas. 1. The applicant or their family members must not have received benefits from other schemes, except training programs. 1. The applicant's family members should not be employed in government or semi-government organizations.

Benefits

- Financial assistance with a 50% subsidy and 50% loan. - Total unit cost is ₹1,00,000/-. - Loan repayment in 24 equal installments with a 4% interest rate.

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.