Vrutti Protsaha Loan Scheme

About This Scheme

The "Vrutti Protsaha Loan Scheme" was launched by the Minorities Welfare Department, Government of Karnataka, and implemented by the Karnataka Minorities Development Corporation. The scheme aims to promote self-employment and economic activities among minority communities and provides financial assistance to eligible individuals from minority communities to start or expand their economic activities, thereby fostering economic empowerment and self-sufficiency.

Eligibility

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'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'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.

Benefits

Financial Assistance provided totals ₹1,00,000/- in two parts: - 50% Loan Amount - 50% Subsidy Amount

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.