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Banking,Financial Services and InsuranceState/ UT Level

Livelihood Opportunity Promotion Scheme (Disabled)

The scheme aims to promote self-reliance among persons with disabilities through grants, term loans, and margin money assistance.

Authority

State/ UT

Region

Uttarakhand

Status

Active / Open

Updated

Recently Verified

What are the Benefits?

Term Loan Scheme: | - Project Cost: ₹75,000/- | - Grant: 20% or ₹10,000/-, whichever is less | - Term Loan: ₹65,000/- at 6% annual interest rate | Shop Construction Scheme: | - Project Cost: ₹50,000/- | - Grant: 20% or ₹10,000/-, whichever is less | - Margin Money Loan: ₹40,000/- at 4% annual interest rate, repayable in 60 monthly installments | Margin Money Loan Scheme for Bank Supported Loan: | - Project Cost: Up to ₹2,00,000/- | - Grant: 20%, maximum of ₹10,000/- | - Margin Money: 25% of the project cost at 4% annual interest rate, repayable in 36 monthly installments

Who is Eligible?

The applicant must be a permanent resident of Uttarakhand.; The applicant must possess a minimum of 40% disability.; The applicant’s annual family income must not exceed ₹2,00,000 in urban areas and ₹1,60,000/- in rural areas.; The applicant’s age must be between 18 and 50 years.

Required Documents

Aadhaar Card
PAN Card
Income Certificate
Residence Proof (Domicile)

Common Questions

Who can apply under this scheme?

Any Uttarakhand resident with at least 40% disability and within the age and income limits.

What is the income limit for applicants?

₹2,00,000 per year for urban residents and ₹1,60,000 for rural residents.

How much grant is provided?

Up to ₹10,000, depending on project cost and scheme type.

What is the interest rate on loans?

6% for term loans and 4% for margin money loans.

Can a person with UDID card apply?

Yes, the UDID card is valid proof of disability for this scheme.

Do I need a business plan?

Yes, a project proposal or cost estimate must be submitted.

Can I apply online?

No, the process is offline for the application.

Where do I apply for the scheme?

At your local Development Block Office in Uttarakhand.

Who selects the beneficiaries?

A district-level committee headed by the District Social Welfare Officer.

How do I know my application status?

Contact the Development Block or the District Social Welfare Office.