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SSS

Shrama Shakthi Scheme

Under the Shrama Shakthi Loan scheme, religious minority community entrepreneurs will be trained in artistic and technical skills and will be provided a loan of ₹50,000/- with a 4% rate of interest, to be paid in 36 installments.

State Composite

States / UT: Karnataka

Nodal department: Minorities Welfare Department

Scheme for: Individual

Scheme profile

DBT (direct benefit transfer): Yes

Scheme open date: 2005-01-01

Categories: Business & Entrepreneurship

Sub-categories: Loan

Target beneficiaries: Individual

Tags: Artisans, Loan, Minority, Karnataka, Government Scheme For Minorities

Details

Shrama Shakthi Scheme — scheme image

Under this scheme, religious minority community entrepreneurs will be trained in artistic and technical skills and provided a loan of ₹50,000/- with a 4% rate of interest, to be paid in 36 installments.

If the beneficiary repays 50% of the loan within 36 months, the remaining 50% of the loan would be considered a back-end subsidy.

If the beneficiary fails to repay the loan within 36 months, 50% of the backend subsidy will be considered as a loan.

The beneficiaries will be selected by a Selection Panel.
The Selection Panel which selects the beneficiary consists of

  • Concerned Deputy Commissioner of the District – Chairman
  • Chief Executive Officer of the Zilla Panchayat – Vice-Chairman
  • Lead Bank Manager of the concerned District – Member
  • Concerned District Regional Transport Officer – Member
  • District Officer of the concerned District, Department of Minority Welfare- Member
  • District Manager of KMDC in the concerned district - Member Secretary

The following are the eligibility criteria for this scheme:

  • The age limit of the applicant should be between 18 and 55 years.
  • The applicant must be a permanent resident of the State.
  • Applicants must belong to State Religious Minority Community.
  • Family income from all sources should be within ₹3.50 lakh per annum.
  • An applicant or his/her family members should not have availed benefits under any other scheme (Excluding the Arivu Scheme) of the KMDCL in the last 5 years.
  • No member of the applicant's family should be an employee of the State/Central/ Government Public Sector Units.
  • The applicant shall not be a loan defaulter in KMDC.

The application process has 2 parts, first it has to be done online and then the application further proceeds through offline channel.
Step 01: First go to the official website, and fill out the application form.
Step 02:Print the application form.
Step 03:Submit this application form along with other relevant documents to the Selection Panel of your concerned district.
Step 04: After the approval of the Selection Panel, Subsidy will be transferred to your bank account.

Benefits

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Under this scheme, a loan of ₹50,000 will be given to persons belonging to religious minority communities.

Under this scheme, religious minority community entrepreneurs will be trained in artistic and technical skills.

Eligibility

  1. The age limit of the applicant should be between 18 and 55 years.
  2. The applicant must be a permanent resident of the State.
  3. Applicants must belong to State Religious Minority Community.
  4. Family income from all sources should be within Rs. 3.50 lakh per annum.
  5. An applicant or his/her family members should not have availed benefits under any other scheme (Excluding the Arivu Scheme) of the KMDCL in the last 5 years.


Application Process

Online

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

Step 02:Print the application form.

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

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

Clarifications

Additional points from the scheme information published on myScheme (not legal advice).

Who will get the benefits under Shrama Shakthi Scheme?
People belonging to State Religious Minority Community of Karnataka will be able to get the benefits from this scheme.
What is the amount of Loan money that a person can get under this scheme?
Under this scheme, a loan of ₹50,000 will be given to persons belonging to religious minority communities.
Is there any provision for training under this scheme?
Yes, training will be given to religious minority community entrepreneurs.
What type of training will be given under this scheme?
Training will be given to beneficiaries for enhancing their artistic and technical skills.
What is the rate of interest on the loan given?
The rate of interest will be 4% for the loan amount.
Who should apply for this scheme?
Only residents of Karnataka State who belong to religious minority community are eligible to apply for this scheme.
What is the age limit required to apply for this scheme?
The age limit should be between 18 to 55 years.
What should be the annual family income of the applicant?
It should be below or equal to ₹3,50,000/-
Can government employees apply to get benefits from this scheme?
No, A person whose family member is an employee of the State/Central/ Government Public Sector Units.
What is the application process for this scheme?
Under this scheme, first step is to fill the online application, and after submission, the print out of this application is to be submitted to the Selection Panel of your concerned district along with other documents.
What documents are required to apply under this scheme?
The print out of online application form along with Beneficiary's latest 2 passport size photos, Caste and income certificate, Copy of Aadhaar card, Project report of the business, Copy of Bank Passbook, Self-Declaration Form, Self-Declaration Form from Surety will be submitted to the selection panel.
From where can I get Self- Declaration Form, Self- Declaration Form from Surety, and Caste Certificate?
The links to download these documents are as follows - Self- Declaration Form - https://kmdconline.karnataka.gov.in/API/ProjectFiles/DocumentTypes/Self-Declaration-Applicant1.pdf Self- Declaration Form from Surety - https://kmdconline.karnataka.gov.in/API/ProjectFiles/DocumentTypes/Self-Declaration-Surety1.pdf Caste Certificate - https://sevasindhu.karnataka.gov.in/Category/Caste%20Certificate.html

Definitions

  • State Religious Minority Community

References

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Documents Required for Government Schemes

Most government schemes require basic documents for verification. While the exact requirements vary, common documents include:

  • Aadhaar Card
  • Income Certificate
  • Caste Certificate (if applicable)
  • Residence Proof
  • Bank Account Details
  • Educational Certificates (for student schemes)

How to Apply for Government Schemes?

The application process for government schemes may be online or offline depending on the scheme. In most cases, you can follow these steps:

  1. Check eligibility criteria
  2. Collect required documents
  3. Fill the application form
  4. Submit the application online or at the relevant office
  5. Track application status