Karma Sathi Prakalpa

Karma Sathi Prakalpa क्या है?

The scheme aims to help young entrepreneurs in the state establish new manufacturing enterprises and small businesses, including those offering services and trading. The scheme offers soft loans and subsidies for new income-generating projects.

लाभ

The scheme provides financial assistance in the form of a soft loan and subsidies for new income-generating projects in manufacturing, service, and trading/business sectors. The total financial assistance available is up to ₹2,00,000/-. 1. **Project Subsidy:** A subsidy of 15% of the project cost is provided, with a maximum ceiling of ₹25,000/-.1. **Interest Subsidy:** This subsidy is paid to the entrepreneur on the annual interest they pay to the Cooperative Bank. - 50% of the interest is subsidised for timely repayment for a maximum period of 3 years. - 40% of the interest is subsidised for all other cases for a maximum period of 3 years. > **Mode of Disbursement:** > **Bank Loan:** The State-owned Cooperative Bank disburses 95% or 90% of the loan amount as Cash Credit in two installments. - The first installment, which is 50% of the loan amount, is disbursed and linked to the applicant's Cash Credit Account. - The second installment is disbursed after the bank receives a certificate confirming the utilization of the first installment. > **Subsidies:** - **Project Subsidy:** Cooperative Banks submit claims for the project subsidy to the District MSME Facilitation Centre (MFC) on a quarterly basis. The MFC then sends a requisition to the Department, which releases the total subsidy amount to the West Bengal State Cooperative Bank Limited.- **Interest Subsidy:** The Chief Executive Officer of the West Bengal State Cooperative Bank submits a requisition for the interest subsid

स्तर

State — West Bengal

मंत्रालय / विभाग

Micro, Small & Medium Enterprises and Textiles Department

लाभ का प्रकार

cash

मुख्य पात्रता

1. Any intending or, prospective entrepreneur fulfilling the conditions below can apply. Only one member of a family shall be eligible to apply under this Scheme, where "family" means parents and spouse. - **Age:** Any intending or prospective entrepreneur in the age group 18 - 50 years(from the dat

अंतिम सत्यापन

Recently

Benefits

The scheme provides financial assistance in the form of a soft loan and subsidies for new income-generating projects in manufacturing, service, and trading/business sectors. The total financial assistance available is up to ₹2,00,000/-. 1. **Project Subsidy:** A subsidy of 15% of the project cost is provided, with a maximum ceiling of ₹25,000/-.1. **Interest Subsidy:** This subsidy is paid to the entrepreneur on the annual interest they pay to the Cooperative Bank. - 50% of the interest is subsidised for timely repayment for a maximum period of 3 years. - 40% of the interest is subsidised for all other cases for a maximum period of 3 years. > **Mode of Disbursement:** > **Bank Loan:** The State-owned Cooperative Bank disburses 95% or 90% of the loan amount as Cash Credit in two installments. - The first installment, which is 50% of the loan amount, is disbursed and linked to the applicant's Cash Credit Account. - The second installment is disbursed after the bank receives a certificate confirming the utilization of the first installment. > **Subsidies:** - **Project Subsidy:** Cooperative Banks submit claims for the project subsidy to the District MSME Facilitation Centre (MFC) on a quarterly basis. The MFC then sends a requisition to the Department, which releases the total subsidy amount to the West Bengal State Cooperative Bank Limited.- **Interest Subsidy:** The Chief Executive Officer of the West Bengal State Cooperative Bank submits a requisition for the interest subsid

Eligibility

Documents Required

How to Apply

1. Step 1: Offline application — step 1

   Manual Application Form :

2. Step 2: Offline application — step 2

   The intended entrepreneur can get the prescribed Application Form (Annexure-I) for free from several offices. Or, the Application Form may be obtained free of cost at the following offices:

3. Step 3: Offline application — step 3

   Office of the Block Development Officer (BDO) in case the applicant resides in the rural area. Office of the Sub-Divisional Officer (SDO) in case the applicant resides in Municipal/Notified areas outside the areas of Kolkata Municipal Corporation. Kolkata Municipal Corporation (KMC) in case the applicant resides in the KMC area. MSME Facilitation Centre (MFC) of District Industries Centre (DIC) in the district.

4. Step 4: Offline application — step 5

   Physical Application Form under the scheme shall be submitted to:-

5. Step 5: Offline application — step 6

   The Block Development Officer in case the intended entrepreneur resides in the rural areas, the Office of the Sub-Divisional Officer in case the intended entrepreneur resides in Municipal/Notified areas outside the areas of Kolkata Municipal Corporation and the Kolkata Municipal Corporation in case the intending entrepreneur resides in KMC area. Application Forms may also be submitted directly at the MSME Facilitation Centre (MFC) of the District Industries Centre (DIC) in the district.

Sources & References

• Official scheme website ↗
• Source record ↗
• Information is summarised from official government sources. Verify all details on the official website before applying.