What you get
Financial Assistance | - The government provides financial assistance for startups in the form of loans with interest subvention | - The loan amount will be a maximum of Rs. 10.00 lakh.
Who can apply
Required Paperwork
- Aadhaar Card
- PAN Card
- Income Certificate
- Residence Proof (Domicile)
Common Questions
Is the scheme a direct benefit scheme ?
No
Is the scheme benefit available to all age group ?
Yes
Can only a specific gender avail the benefit of this scheme
No
Are the benefits actually going to benefit the citizen? Or is it a gimmic?
Yes, it is actually going to benefit the budding entrepreneurs.
Does the scheme provide benefit in form of equity or debt ?
The scheme provides funding in the form of equity, debt, or a combination of both, thereby enabling beneficiaries to retain control over their ventures.
Does the scheme account for 100% financial aid ?
No, the applicant must fullfil a minimum amount of 20% of the total project cost
Can citizen out of assam apply for the scheme ?
No
Is the application process a long procedure ?
No, the DICC has assigned a special team for the same, and the work day and night to hasten the application process.
Does the applicant required to show their financial performance ?
Yes, the applicant must show a) Proposed net Sales during current year(in Rs) : (b)Proposed net profit during current year (in Rs) : (c) Estimated net profit for next year ( in Rs)
Who is eligible for the scheme ?
Individuals, start-ups, MSMEs, and companies registered under the Indian Companies Act, 2013, are eligible for the Sarothi Scheme.