| Scheme Name | Subsidy For Bank Linked Income Generated Schemes |
| Objective |
The scheme is for individuals who desires to setup self employment activities Unit cost Subsidy Upto Rs.1,00,000/- 80% Unit cost Rs.1,00,000 to Rs.2,00,000/- 70% Unit cost Rs.2,00,000/- to 10,00,000/- 60% or Limited to Rs.5.00 lakhs |
| Scheme Area | Livelihood |
| Societal Group | Minorities |
| Individual/Institutional | Individual |
| Central/State Level | State |
| Govt/Non-Govt | Govt |
| Validity | – |
| Target Group | Minorities ,Self Employment Needy |
| Funds Available | 95 cr. |
| Scholarship Amount | To setup self employment activities where the maximum unit cost is up to Rs. 10,00,000/ |
| Eligibility Criteria | Should belong to minorities Community certificate issued by Tahasildar/Transfer certificate of school to be age between 21 to 55 years Any age proof certificate to be submitted-ssc marks memo etc. Annual family income below Rs.1,50,000/- for Rural and Rs.2,00,000/- for Urban.Income certificate issued by Tahasildar from Mee Seva to be submittedRation card is mandatory One passport size photograph |
| Documents/Collateral Required | Every beneficiary can apply online only through MPDO’s /District office of the concerned Mandal /District; after applying in the portal, the beneficiary should submit the application form and enclosures to the concerned District officer(Executive Director, Minorities finance corporation). The bank processes the loan application as per their norm and will accord sanction and intimates through a bank sanction letter. After getting approval of the respective district collector, subsidy is released from the head office to the beneficiaries non-operative SB account number directly. |
| Departments | Minority Walfare Department |
| Dept Contacts | Andhar Pradesh State Minorities Finance Corporation Ltd. 5th Floor Haj House, Nampally Hyderabad 500001 AP, INDIA http://tsobmms.cgg.gov.in/ |
| Imp Dates | 15Feb2016 |
| Forms Availability | http://tsobmms.cgg.gov.in/ |
| Web URL for Details | http://tsobmms.cgg.gov.in/ |
| Online Process | http://tsobmms.cgg.gov.in/ |
| Support Processes/ Institutions | – |
| Annexure | Unit Cost Limit for Bank Linked Subsidy |