Scheme of Assistance to State Scheduled Castes Development Corporations
The scheme aims to provide economic development assistance to Scheduled Castes living below the poverty line through financial support and credit facilitation. It provides share capital, margin money loans, and subsidies to Scheduled Castes families for employment-oriented schemes.
About the Scheme of Assistance to State Scheduled Castes Development Corporations Scheme
The "Scheme of Assistance to State Scheduled Castes Development Corporations" was launched by the Department of Social Justice and Empowerment (DoSJE), Ministry of Social Justice and Empowerment (MoSJE), Government of India. The scheme aims to provide economic development assistance to Scheduled Castes living below the poverty line through State Scheduled Castes Development Corporations functioning in 23 States and 4 Union Territories, addressing the financial mobilization challenges faced by this community. The scheme provides share capital contribution in the ratio of 49:51 between Central Government and State Governments, along with financial assistance in the form of margin money loans at low interest rates and subsidies to reduce repayment liability. The applicant must belong to Scheduled Castes and must be living below the poverty line. The scheme is implemented by State Scheduled Castes Development Corporations. The applications for this scheme are accepted through State Channelizing Agencies.
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Benefits
- Financial assistance in the form of margin money loans at low rate of interest.
- Subsidy provision to reduce repayment liability of beneficiaries.
- The quantum and ceiling of subsidy is the same as for schemes under Integrated Rural Development Programme.
- Credit support facilitation through tie-ups with financial institutions, banks, National Scheduled Castes Finance and Development Corporation, and National Safai Karamcharis Finance and Development Corporation.
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Eligibility Criteria
- The applicant must belong to Scheduled Castes.
- The applicant must be living below the poverty line.
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How to Apply for Scheme of Assistance to State Scheduled Castes Development Corporations
Application mode: Offline
Step 1: The interested applicant should visit the nearest office of the SCDC of their state. SCDCs generally have their offices in each district. Obtained the prescribed format of the application form for the scheme.
Step 2: In the application form, fill in all the mandatory fields, attach copies of all the mandatory documents (self-attest, if required). Sign the application form and mention the date.
Step 3: Submit the duly filled and signed application form along with the documents to the office of the SCDC.
_*Applicants are advised to save a copy of the submitted application form and any acknowledgment._
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Frequently Asked Questions
What is the Scheme of Assistance to State Scheduled Castes Development Corporations scheme?
The "Scheme of Assistance to State Scheduled Castes Development Corporations" was launched by the Department of Social Justice and Empowerment (DoSJE), Ministry of Social Justice and Empowerment (MoSJE), Government of India. The scheme aims to provide economic developm…
Who is eligible for Scheme of Assistance to State Scheduled Castes Development Corporations?
The applicant must belong to Scheduled Castes. The applicant must be living below the poverty line. <br
What benefits does Scheme of Assistance to State Scheduled Castes Development Corporations provide?
Financial assistance in the form of margin money loans at low rate of interest. Subsidy provision to reduce repayment liability of beneficiaries. The quantum and ceiling of subsidy is the same as for schemes under Integrated Rural Development Programme. Credit support facilitation through tie-ups w…
How can I apply for Scheme of Assistance to State Scheduled Castes Development Corporations?
Step 1: The interested applicant should visit the nearest office of the SCDC of their state. SCDCs generally have their offices in each district. Obtained the prescribed format of the application form for the scheme. Step 2: In the application form, fill in all the mandatory fields, attach copies o…
Source: official scheme details published on the Government of India's myScheme portal. Always verify eligibility and deadlines on the official portal before applying. Scheme rules can change.
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