What you get
- Financial assistance of up to ₹1,00,000/- as a government subsidy. | - Maximum loan amount of ₹5,00,000/-. | - The interest rate on the loan amount (excluding subsidy) is 6%. | Conditions/Criteria Associated with Benefits: | A 20% subsidy (maximum ₹1,00,000/-) is provided on the loan amount. | - For a loan amount of ₹1,00,000/-, the subsidy is ₹20,000/-. | - For a loan amount of ₹2,00,000/-, the subsidy is ₹40,000/-. | - For a loan amount of ₹3,00,000/-, the subsidy is ₹60,000/-. | - For a loan amount of ₹4,00,000/-, the subsidy is ₹80,000. | - For a loan amount of ₹5,00,000/-, the subsidy is ₹1,00,000/-. | _At each stage of disbursement, photos and bills must be submitted._ | _Direct inspection will be conducted at each stage of disbursement._ | _*An additional interest of 6% will be charged for misuse of funds._
Who can apply
Required Paperwork
- Aadhaar Card
- PAN Card
- Income Certificate
- Residence Proof (Domicile)
Common Questions
What is this scheme for, and what kind of support does it offer?
This scheme is for widowed, divorced, and abandoned women to apply for a self-employment loan with a subsidy of up to one lakh rupees from KSMDFC. The scheme aims to help women from specific minority communities start their own businesses.
Which communities are eligible to apply for this self-employment loan scheme?
This scheme is exclusively for women belonging to the Muslim, Christian, Buddhist, Sikh, Parsi, and Jain communities.
What is the maximum subsidy amount I can receive on the loan?
The maximum subsidy available under this scheme is one lakh rupees.
What personal details do I need to provide in the application form?
You need to provide your name, father's name, age, date of birth, address (house name, place, post office, village, panchayat/block/municipality, house number, ward number, PIN), telephone number, Aadhaar card number, and email.
What information is required regarding my educational background and family income?
You need to provide your educational qualification and your family's annual income, with the amount written in figures.
What information is required regarding my educational background and family income?
You need to provide your educational qualification and your family's annual income, with the amount written in figures.
What details should I provide about the proposed project and the loan amount needed?
You should briefly describe the project, specify the total amount required, the amount you have in hand, and the loan amount you are requesting.
Will the application form ask if I or my family members have previously taken a loan from KSMDFC?
Yes, the form asks if you or your family members have taken a loan from KSMDFC, and if so, to provide detailed information.
Do I need to disclose if I have taken loans from other government or private institutions?
Yes, you need to indicate if you have taken loans from the government or other institutions, and provide detailed information if you have.
What information is required if I or my parents own land?
If you or your mother/father owns land, you need to provide details such as the owner's name, type of land (nilam/purayidam), area, survey number, village, taluk, district, and other sources of income from it, like agriculture or employment.
What kind of information is required about the guarantor's property?
If property is used as collateral, details such as the owner's name, type of land (nilam/purayidam), area, survey number, village, taluk, and other income sources from it, like agriculture or employment, are required.
What original documents must I bring when I attend the interview?
You must bring your original Ration Card, Aadhaar Card, Caste/Age certificate (copy of school certificate), Income Certificate, Certificate proving you are a widow, divorced, or abandoned woman, and Permanent Residence Certificate.