What you get
Financial Assistance: | - Loan Amount: Project loans from ₹20,000/- to ₹7,00,000/- through nationalized banks.- Subsidy: 50% of the project cost or up to ₹10,000/- as government subsidy.- Margin Money: 25% of project cost provided at 4% annual interest.
Who can apply
Required Paperwork
- Aadhaar Card
- PAN Card
- Income Certificate
- Residence Proof (Domicile)
Common Questions
Who can apply for this scheme?
Only Scheduled Caste individuals living below the poverty line in Uttarakhand.
Is there any subsidy provided?
Yes, up to 50% of the project cost or a maximum of ₹10,000.
What is margin money?
25% of the project cost provided at 4% interest rate by the Corporation.
Which sectors are eligible under this scheme?
Agriculture, service, business, transport sectors are covered.
Is a business plan required?
Yes, a project proposal must be submitted.
What is the application fee?
There is no application fee.
How is the applicant selected?
Beneficiaries are selected through open meetings of Gram Sabhas in rural areas and through interviews in urban areas.
What happens if the applicant defaults on the loan?
The applicant not eligible to apply under this scheme.
Can I apply online?
No, the process is offline for the application.
What is the interest rate on the loan?
4% annually on the margin money.