Self-Employment loan scheme for Minority Widows, Divorcees / Abandoned Women
The scheme aims to provide self-employment loans to women from minority communities. Financial assistance with a 20% subsidy is provided to widows, divorced women, and abandoned women from minority communities. The scheme is implemented by the KSMDFC.
About This Scheme
Benefits
_*At each stage of disbursement, photos and bills must be submitted._
₹1.0 L
Financial assistance of up to ₹1,00,000/- as a government subsidy.
₹5.0 L
Maximum loan amount of ₹5,00,000/-.
The interest rate on the loan amount (excluding subsidy) is 6%.
> Conditions/Criteria Associated with Benefits:
₹1.0 L
A 20% subsidy (maximum ₹1,00,000/-) is provided on the loan amount.
₹1.0 L
For a loan amount of ₹1,00,000/-, the subsidy is ₹20,000/-.
₹2.0 L
For a loan amount of ₹2,00,000/-, the subsidy is ₹40,000/-.
₹3.0 L
For a loan amount of ₹3,00,000/-, the subsidy is ₹60,000/-.
₹4.0 L
For a loan amount of ₹4,00,000/-, the subsidy is ₹80,000.
₹5.0 L
For a loan amount of ₹5,00,000/-, the subsidy is ₹1,00,000/-.
_*Direct inspection will be conducted at each stage of disbursement._
_*An additional interest of 6% will be charged for misuse of funds._
Eligibility
- •
- •
- •
- •
- •
- •
- •
Required Documents
- ✦Aadhaar Card.
- ✦Income Certificate from the Village/Tahsildar.
- ✦Caste/Age Certificate (Copy of School Certificate).
- ✦Certificate proving the applicant is a widow, divorced, or abandoned woman.
- ✦Ration Card.
- ✦Caste/Age Certificate (Copy of School Certificate).
- ✦Income Certificate.
- ✦Certificate proving the applicant is a widow, divorced, or abandoned woman.
- ✦Permanent Residency Certificate.
- ✦Copies of the above documents (if not submitted previously).
- ✦Salary Certificate of employees (working in government, quasi-government/public sector undertakings/panchayats/municipalities/universities/co-operative banks/aided schools/colleges).
- ✦Non-objection certificate (for employees on deputation, from the parent department).
- ✦Employment certificate (salary certificate) (only for those providing a guarantee).
- ✦Original deed of the property.
- ✦Adiadharam/Pattayam.
- ✦Property tax receipt for the current financial year.
- ✦Possession certificate (from village office).
- ✦Non-attachment certificate (from village office).
- ✦Property valuation certificate (from village office).
- ✦Property location map.
- ✦Location certificate (from village office).
- ✦Kudikkadam certificate for 14 years (from sub-registrar office).
- ✦Other required documents (if advised by the advocate).
- ✦Latest Kudikkadam certificate (after signing the agreement, up to the agreement date).
✦ Required ◦ Optional
How to Apply
Quick Info
- Level
- Central Government
- Max benefit
- ₹5.0 L