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Motivation of Unemployed Persons to Start Self-employed Enterprises

The scheme “Motivation of Unemployed Persons to Start Self-employed Enterprises” by the Dept of Industries and Commerce, UT of Puducherry was introduced to encourage self-employment among the youth in manufacturing and service activities, supporting the growing economy of Puducherry.

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About This Scheme

The scheme “Motivation of Unemployed Persons to Start Self-employed Enterprises” by the District Industries Centre, Department of Industries and Commerce, UT of Puducherry was introduced to encourage self-employment among the youth in manufacturing and service activities, supporting the growing economy of the Union Territory of Puducherry.

Benefits

> Interest

Normal bank rate of interest on the date shall be charged.

> Disbursement

The disbursement of the loan will be done once the beneficiary completes the formalities required by the banks for their project.

> Quantum of Loan

₹10.0K

Ranging from ₹10,000 to ₹2,00,000.

> Subsidy

₹10.0K

50% of the project cost (excluding preliminary and pre-operative expenses) for projects not exceeding ₹10,000.

₹25.0K

25% of the project cost (excluding preliminary and pre-operative expenses), subject to a maximum of ₹25,000, for projects exceeding ₹10,000 but less than ₹2,00,000.

Required Documents

✦
Residence Proof.
✦
Aadhaar Card.
✦
Applicant's Photo.
✦
Residence-cum-Nativity Certificate, issued by the competent authority.
✦
Age Proof.
✦
Project Proposal.

✦ Required ◦ Optional

How to Apply

IIn-person

Quick Info

Level: Central Government
Max benefit: ₹25.0K