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Karnatakabusiness-entrepreneurship

Direct Loans For Business Enterprise

Direct Loans For Business Enterprise Scheme is implemented by Karnataka Minorities Development Corporation Limited. Under this scheme, loans will be provided to eligible entrepreneurs to start or expand their businesses by mortgaging property (building or land).

Ministry / Department
Minorities Welfare Department
Level
State
Benefit type
cash
Last verified: Recently

Direct Loans For Business Enterprise क्या है?

Direct Loans For Business Enterprise Scheme is implemented by Karnataka Minorities Development Corporation Limited. Under this scheme, loans will be provided to eligible entrepreneurs to start or expand their businesses by mortgaging property (building or land).

लाभ
Under this scheme, loans will be provided to eligible entrepreneurs to start or expand their businesses by mortgaging property (building or land). If the applicant's family income is below Rs 8.00 lakhs, then the loan will be provided up to Rs 20 lakhs at a 4% interest rate. If the applicant's family income is Rs 8.00 lakhs to 15 lakhs, then the loan will be provided up to Rs 20 lakhs at a 6% interest rate.
स्तर
State — Karnataka
मंत्रालय / विभाग
Minorities Welfare Department
लाभ का प्रकार
cash
मुख्य पात्रता
1. Applicant should be a resident of Karnataka state 1. Applicant should belong to the minority community 1. Applicant should belong to a minority community 1. Applicant Age should be between 18 to 55 years 1. Business/Enterprise loan will be given to only one member of a family
अंतिम सत्यापन
Recently

Benefits

Under this scheme, loans will be provided to eligible entrepreneurs to start or expand their businesses by mortgaging property (building or land). If the applicant's family income is below Rs 8.00 lakhs, then the loan will be provided up to Rs 20 lakhs at a 4% interest rate. If the applicant's family income is Rs 8.00 lakhs to 15 lakhs, then the loan will be provided up to Rs 20 lakhs at a 6% interest rate.

Eligibility

1. Applicant should be a resident of Karnataka state 1. Applicant should belong to the minority community 1. Applicant should belong to a minority community 1. Applicant Age should be between 18 to 55 years 1. Business/Enterprise loan will be given to only one member of a familyArea: KarnatakaBenefit: cash

Documents Required

    How to Apply

    1. Step 1: Online application — step 1

      The application is to be completed in two parts, first online and then offline.

    2. Step 2: Online application — step 2

      Step 01: First go to the official website, and fill out the application form.

    3. Step 3: Online application — step 3

      Step 02: Print the application form.

    4. Step 4: Online application — step 4

      Step 03: Submit this application form along with other relevant documents to the Selection Panel of your concerned district.

    5. Step 5: Online application — step 5

      Step 04: After the approval of the Selection Panel, the loan amount will be transferred to your bank account.

    6. Step 6: Offline application — step 1

      Through Banks which are offering MSMEs loans under this scheme. For this, you may directly go to the bank and request for a loan under this scheme.

    Sources & References

    Ready to apply?

    Applications are accepted only on the official government portal.

    Open Official Website