Sant Ravi Das Swarojgaar Yojana

DETAILS 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. ELIGIBILITY 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).      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.