What you get
- Under this scheme, a grant is provided for self-employment. On taking a loan of ₹1 lakh to ₹10 lakh, a grant of 25% of the loan amount is given, with a minimum grant of ₹25,000/- and a maximum of ₹2,50,000/-. | - The benefit of the scheme is available only on taking a loan, in which 60% of the project cost is provided as a loan, 25% as grant/subsidy by the department, and 15% as contribution by the applicant. | - Interest on the loan will be charged according to the current prevailing rates of the bank.
Who can apply
Required Paperwork
- Aadhaar Card
- PAN Card
- Income Certificate
- Residence Proof (Domicile)
Common Questions
Who can apply for this scheme?
Applicants must be permanent residents of Uttarakhand, belong to a minority community, be aged between 18 and 55 years, and have a family income of ₹2,50,000 or less per year, or be a member of a BPL family.
What is the financial assistance provided under the scheme?
A grant of 25% of the sanctioned loan amount is provided, with a minimum grant of ₹25,000 and a maximum of ₹2,50,000.
What is the minimum and maximum loan amount eligible under the scheme?
The loan amount should range from ₹1 lakh to ₹10 lakh for self-employment purposes.
How is the cost of the project shared?
The applicant must contribute 15% of the project cost, the bank provides 60% as a loan, and the government provides 25% as a grant.
Are there any interest charges on the loan?
Yes, the interest will be charged as per the prevailing bank rates at the time of loan sanction.
How can one apply for this scheme?
Applications can be obtained from the district offices of the Minority Welfare Department or Social Welfare Department after an official advertisement is issued.
How is the beneficiary selected?
A district-level selection committee, chaired by the Chief Development Officer, conducts interviews and selects eligible applicants.
What happens after the interview?
Selected applicants’ forms are sent to the respective bank for loan sanction. Once the loan is sanctioned, the district office processes the grant release from the corporation headquarters.
How is the grant disbursed?
After approval from the Managing Director of the corporation, 40% of the grant is sent to the bank once the beneficiary contributes their 15% share. The remaining grant is released to the beneficiary as per scheme norms.