The scheme Dr. Bhimrao Ambedkar Aarthik Kalyan Yojana under the Tribal Welfare and Scheduled Caste Department, Madhya Pradesh, offers a 7% annual interest subsidy on loans for Scheduled Caste beneficiaries, up to 5 years, subject to regular repayment.
7% interest subsidy on loans for up to 5 years.
The applicant should be between 18 and 55 years of age.
The applicant should not be an income tax payer.
The applicant should not be a defaulter of any bank or financial institution, such as 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.
The applicant's family income should meet the following definition:
If unmarried: Includes the applicant and dependent parents.
If married: Includes the applicant, spouse, and dependent children (no age limit for dependent, unmarried children).
✦ Required ◦ Optional
Step 1: The interested applicant should visit (during office hours) the Scheduled Caste Welfare Department, 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.
