Sant Ravi Das Swarojgaar Yojana
The Sant Ravi Das Swarojgaar Yojana under the Tribal Welfare and SC Department, Madhya Pradesh, provides funding for manufacturing units (₹1 lakh to ₹50 lakh) and service/retail trade projects (₹1 lakh to ₹25 lakh) for Scheduled Caste applicants.
About the Sant Ravi Das Swarojgaar Yojana Scheme
The Sant Ravi Das Swarojgaar Yojana under the Tribal Welfare and SC Department, Madhya Pradesh, provides funding for manufacturing units (₹1 lakh to ₹50 lakh) and service/retail trade projects (₹1 lakh to ₹25 lakh) for Scheduled Caste applicants. Scheduled Caste beneficiaries can receive a 5% annual interest subsidy on Term and Working Capital Loans for up to 7 years, including the moratorium period. Beneficiaries can also avail a 12-day entrepreneurship development training through an online training module.
Benefits
- Scheduled Caste beneficiaries can receive a 5% annual interest subsidy on Term and Working Capital Loans for up to 7 years, including the moratorium period.
- The subsidy is provided on the condition of regular loan repayment as per the prescribed schedule.
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Eligibility Criteria
- The applicant should be a resident of Madhya Pradesh.
- The applicant should be between 18 and 40 years of age.
- The applicant should be belong to Scheduled Caste category.
- The applicant should have a minimum educational qualification of 12th class passed.
- The applicant's annual family income should not exceed ₹12.00 lakhs.
- The applicant should not be a defaulter of any bank or financial institution, including MFI, NBFC, SFB, or PACS.
- The applicant should not currently be a beneficiary of any other self-employment scheme of the state or central government.
- Family Definition:
- If unmarried: The applicant and dependent parents.
- If married: The applicant, spouse, and dependent children (no age bar for dependent, unmarried children).
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How to Apply for Sant Ravi Das Swarojgaar Yojana
Application mode: Offline
Step 1: The interested applicant should visit (during office hours) the Scheduled Caste Welfare Department Office , and request the hard copy of the prescribed format of the application form from the concerned authority.
Step 2: In the application form, fill in all the mandatory fields, paste the passport-sized photograph (signed across, if required), and attach copies of all the mandatory documents (self-attest, if required).
Step 3: Submit the duly filled and signed application form along with the documents, within the prescribed period (if any), to the authority.
Step 4: Request a receipt or acknowledgement from the concerned authority to whom the application has been submitted. Ensure that the receipt contains essential details such as the date and time of submission, and a unique identification number (if applicable).
NOTE: Ensure that the application is submitted within the prescribed period, if any.
Exclusions
- The applicant should not be a defaulter of any bank or financial institution, including MFI, NBFC, SFB, or PACS.
- The applicant should not currently be a beneficiary of any other self-employment scheme from the state or central government.
Frequently Asked Questions
What is the Sant Ravi Das Swarojgaar Yojana scheme?
The Sant Ravi Das Swarojgaar Yojana under the Tribal Welfare and SC Department, Madhya Pradesh, provides funding for manufacturing units (₹1 lakh to ₹50 lakh) and service/retail trade projects (₹1 lakh to ₹25 lakh) for Scheduled Caste applicants. Scheduled Caste beneficiaries ca…
Who is eligible for Sant Ravi Das Swarojgaar Yojana?
The applicant should be a resident of Madhya Pradesh. The applicant should be between 18 and 40 years of age. The applicant should be belong to Scheduled Caste category. The applicant should have a minimum educational qualification of 12th class passed. The applicant&39;s annual family income shoul…
What benefits does Sant Ravi Das Swarojgaar Yojana provide?
Scheduled Caste beneficiaries can receive a 5% annual interest subsidy on Term and Working Capital Loans for up to 7 years, including the moratorium period. The subsidy is provided on the condition of regular loan repayment as per the prescribed schedule. <br <br <br <br <br <br <br <br <br
How can I apply for Sant Ravi Das Swarojgaar Yojana?
Step 1: The interested applicant should visit (during office hours) the Scheduled Caste Welfare Department Office , and request the hard copy of the prescribed format of the application form from the concerned authority. Step 2: In the application form, fill in all the mandatory fields, paste the p…
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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