Dr. Bhimrao Ambedkar Aarthik Kalyan Yojana

About This Scheme

The Dr. Bhimrao Ambedkar Aarthik Kalyan Yojana, under the Tribal Welfare and Scheduled Caste (SC) Department of Madhya Pradesh, provides a 7% annual interest subsidy on loans for Scheduled Caste beneficiaries for up to 5 years to support new self-employment ventures. The project limit ranges from ₹10,000 to ₹1 lakh for all types of self-employment, with specific eligibility and financial assistance provisions for SC applicants. Beneficiaries can avail of a 12-day online entrepreneurship development training under the scheme. The scheme covers projects in the industry (manufacturing), service, and business sectors eligible for bank loan guarantees under CGTMSE, through Public Sector, Private Sector, or Regional Rural Banks registered as Member Lending Institutions (MLIs) with CGTMSE.

Eligibility

1. The applicant should be between 18 and 55 years of age. 1. The applicant should not be an income tax payer. 1. The applicant should not be a defaulter of any bank or financial institution, such as MFI, NBFC, SFB, or PACS. 1. The applicant should not currently be a beneficiary of any other self-employment scheme from the state or central government. 1. The applicant's family income should meet the following definition: - If unmarried: Includes the applicant and dependent parents. - If married: Includes the applicant, spouse, and dependent children (no age limit for dependent, unmarried children).

Benefits

7% interest subsidy on loans for up to 5 years.

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.