Shrama Shakti Scheme Karnataka 2023: Rs. 500 per month

Shrama Shakti Scheme 2023, Launch Date, Benefit, Loan, Apply Online, Application form pdfLast Date, Documents Details, Eligibility, Interest Rate, payment Status Check, Amount, Official Website, Helpline Number, Latest News, Shrama Shakti Karnataka Gov in, Login

Karnataka State Government comes with a beneficial scheme for the state’s minority population. Under this scheme, the Karnataka government will provide financing at low interest rates as well as loans to set up your own enterprise or business. Let us know about this scheme in details.

Shrama Shakti Scheme Karnataka 2023

Karnataka Gruha Lakshmi Yojana

Shrama Shakti Scheme objective

Karnataka Minorities Development Corporation Limited has taken this initiative to encourage the youth of Karnataka to establish their own business. This will lead to better employment for the youth and for the Karnataka government. Many minorities will face financial issues by which they are behind others in business and entrepreneurship this Shrama Shakti Scheme will help them to take a step and learn and develop skills to make their future bright.

Shrama Shakti Scheme Loan Amount

The interest rate will be 4 percent. The Shrama Shakti Scheme government will offer a loan amount of Rs. 50,000. In Karnataka state, many people from minorities are suffering from financial problems because they lack proper employment or financial backing. Apart from loans, the government will also provide artistic and technical training to help them to establish their business. The loan amount should be paid back to the government in 36 months. The best thing about this scheme is if the candidate is able to pay half the amount in 36 months then he will get a half loan amount subsidy from the government. This will help minority people to settle and establish their enterprises.

Karnataka Yuva Nidhi Yojana

Shrama Shakti Scheme Karnataka Interest Rate

Karnataka Government will provide a loan amount of Rs 50,000 at 4% interest rate to the eligible minority candidate.

Shrama Shakti Scheme Karnataka Benefit

The Shrama Shakti Scheme is launched to provide the following benefits to the minorities of Karnataka state.

• Minorities of the state will get low interest-rate loan for their business.
• The total loan amount will be Rs. 50,000.
• The interest rate will be just 4%.
• The government will provide artistic and technical training for the minorities.
• If the candidate can pay half the loan amount in 36 months the rest half will be paid by the government as subsidy.
• This will help the youth of minorities of the Karnataka state to get into employment.

Karnataka Sandhya Suraksha Yojana

Shrama Shakti Scheme Karnataka Eligibility Criteria

To get the benefit of the Shrama Shakti Scheme, the following criteria should be met:

• The Candidate should be a permanent resident of Karnataka State.
• He/she should belong to a minority community of Muslim, Christian, Jain, Sikh, Parsi, or Buddhism.
• The legal age of the candidate should be 18 to 55 years.
• The financial assistance of the candidate should not be more than Rs 3.50 lakhs per annum.
• There should be no government or central employee in their family.
• The candidate should not be a previous loan defaulter.

Shrama Shakti Scheme Karnataka Document Required

• Print of Online Application Form.
• Proof of Residence (must be from Karnataka state)
• Minority Certificate (most important document)
• Aadhaar Card
• Income Certificate
• 2 Photo Passport Size
• Bank Passbook Copy
• Project Report of the Business
• Self-Declaration Form
• Self-Declaration Form Security

Karnataka Anna Bhagya Scheme

Shrama Shakti Scheme Apply Online

These are the following steps you should follow to apply for this scheme:

• Step 1: Eligible candidates can go to the official website and fill out the online application form
• Step 2: Enter your valid mobile number and verify with OTP
• Step 3: Fill out all the required details such as Personal info, contact details, and project details.
• Step 4: Upload the valid documents in the portal
• Step 5: Check whether all the information is correct or not then click on submit.
• Step 6: Take out the print of the application form and attach all the required documents.
• Step 7: the district section panel will verify your application and they will approve after all the verifications are done
• Step 8: The eligible candidate will receive their loan amount in their bank account.

It is important to check all the documents before applying so the chance of rejection is negligible. The candidate must be a permanent resident of Karnataka state and should belong to a minority.

Shrama Shakti Scheme Included minorities

This is the list of minorities that are included and eligible to take loan for the business:

• Muslims
• Christians
• Sikhs
• Jains
• Parsi
• Buddhism

Karnataka Gruha Jyothi Yojana

Shrama Shakti Scheme Status Check

• You can go to the official site of Shrama Shakti Scheme
• Then you have to login and enter valid login details.
• After filling the details you can check the current status of your application.

Shrama Shakti Scheme Karnataka Login

If you have already applied for the Shrama Shakti Scheme then you can login by visiting the official website.

Puneeth Rajkumar Hrudaya Jyoti Yojana Karnataka

Shrama Shakti Scheme Karnataka Helpline Number

The helpline numbers of the Shrama Shakti Scheme are:

• 080-22860999
• 080-22861226

Email Id: kmdc.ho.info@gmail.com

Conclusion

In conclusion of this scheme by the government of Karnataka we must say this is a good initiative for the minorities especially for the youth who are willing to start there own business. Shrama Shakti Scheme will help them financially to establish their own business with a loan amount of very low-interest rate of 4%. In addition, if the candidate pays half of the loan amount in 36 months then the government is taking the initiative to pay the rest half as a subsidy which is really a point to appreciate to the government of Karnataka. We believe this scheme will help the youth of minorities from the Karnataka state to have a better future and initial investment for their dream businesses.