Business Loan: People starting their own new business can avail a loan of Rs 50 lakh at low interest, apply here..
In today's time, getting a government job is a very difficult task. And in a private job, all the financial needs are not met with the salary received every month. In such a situation, a good amount can be earned by starting your own business. However, if we look at the last few years, the youth have preferred their startup instead of the job as a career.
This is the reason why the country has come a long way in terms of startups and the Madhya Pradesh Government runs many schemes to connect the youth with employment. One of them is the Sant Ravidas Self-Employment Scheme. By taking advantage of this scheme, unemployed youth will be able to set up their industry (Business Loan). For this, the government will provide a loan of up to Rs 50 lakh.
The main objective of Sant Ravidas Self-Employment Scheme 2024 is to provide loans at low interest rates to the people of the Scheduled Caste (SC) category for new business. This scheme has been brought to improve the condition of the people of the Scheduled Caste category. The government has given a target to all the districts of Madhya Pradesh. In this, Khargone has also received a target of 37.
Know how much interest will have to be paid on a loan of 1 lakh to 50 lakh -
General Manager of the Micro, Small and Medium Enterprises Department, Atmaram Soni said that under the scheme, eligible people will get loans at low interest. Financial assistance of 1 lakh to 50 lakh will be provided in the industry sector and 1 lakh to 25 lakh in the service and business sectors.
Under the scheme, subsidy will be given on term and working capital loans from the bank at the rate of 5 percent per annum on the condition of regular loan payment for a maximum of 7 years.
These people can avail the benefit of the loan -
1 Only enterprises already established in the border area of Madhya Pradesh will get the benefit of the scheme.
2 The applicant should be from the Scheduled Caste (SC) category.
3 The applicant should be a native of Madhya Pradesh.
4 The age of the applicant should not be less than 18 years and not more than 40 years.
5 Should not be a defaulter of any bank.
6 If you have already taken benefit under any other government entrepreneur or self-employment scheme, then you will not get the benefit of this scheme.
7 Should have passed at least 8th class.
8 The annual income of the family should not exceed 12 lakhs.
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