Subsidy For Bank Linked Income Generated Schemes

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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