Author: Ashish James

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Loan Schemes

What is Startup Punjab Scheme?

What is Startup Punjab Scheme

The economy of a state is heavily reliant on creativity and entrepreneurship. The state of Punjab has a reputation for being a leader in terms of overall prosperity and development. Industry, agriculture, education, health, literature, sports, arts, and culture are only a few of the areas where the state has excelled. Punjab is endowed with world-class infrastructure, human resources, and enterprising and forward-thinking people who aspire to transform every possible opportunity into a booming success.

Furthermore, the State has designated start-up and entrepreneurship as critical pillars for economic development, job creation, productivity, and wealth creation. The government launched the Startup Punjab and Entrepreneurship Development Policy, based on the Government of India’s Startup Action Plan and Standup India scheme. As well as the Punjab Government’s Industrial and Business Development Policy 2017.

What are the Benefits of the Startup Punjab Scheme?
  • Eligible Startups will receive an annual interest subsidy of 8% on the rate of interest charged.
  • Loans obtained from scheduled banks/financial institutions for a period of 5 years, up to a maximum of INR 5 lakh per year.
  • For a period of one year, eligible Startup units developed in the State, operating from Incubators/IT Parks/Industrial Clusters or any other notified site, will be eligible for reimbursement. 25% of lease rental subsidy, subject to a cap of INR 3 lakh per annum.
  • A Seed Grant of up to INR 3 lakh per startup will be given. Concept validation, prototype creation, assistance with travel costs, field/ market research, skill training, marketing, and other initial start-up activities, among other things. Investors will channel seed funding for startups into state incubators.
What is the Eligibility for Startup Punjab Scheme? 
  • With the previous fiscal year’s annual turnover of not more than INR 25 crores. Working on product, method, service innovation, change, and growth, on whether it’s a scalable business model with a high potential for wealth creation or job creation.
  • The dissolution or reconstruction of an existing corporation cannot establish the entity, nor can the reconstitution or demerger of an existing operation generate it.
  • The corporation should not be a holding company or a subsidiary of an established company. However, A startup’s subsidiary will be an exception to this clause.
  • One must register it as a Private Limited Company as defined by the Companies Act, 2013. Otherwise, a registered Partnership Firm as defined by Section 59 of the Partnership Act of 1932, or a Limited Liability Partnership as defined by the Limited Liability Partnership Act of 2008 in India. It should not be earlier than 7 years, with a maximum of 10 years for Biotechnology Companies;
  • The Punjab Shops and Commercial Establishment Act of 1958 requires the entity/company to register in Punjab.
  • The company expects to hire at least half of its total skilled staff from Punjab, excluding contract workers.
What are the Documents Needed for Startup Punjab Yojana?
  • Passport-size photograph of the applicant
  • Academic qualifications of the applicant
  • Project Report/Business Plan
  • Birth Certificate
  • Voter ID/Ration Card
  • Caste Certificate
  • Proof of business address
  • The applicant must not be at fault in the Bank.

In the above list, business plan also known as project report is a crucial document when applying for a bank loan. The bank uses this document to analyze the overall feasibility, risks, financial viability, and potential of a project. Therefore, a well-crafted and convincing project report increases the chances of loan approval. With Finline you can craft a compelling project report in less than 10 minutes. That too in your language. Our reports are accepted by all public and private sector banks working in India. Click to create your project report.

How to apply for the Startup Punjab Scheme?

Visit the following website to register for the policy 

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Loan Schemes

Mukhymantri Yuva Swarojgar Yojana, MMYSY

The state government of Chhattisgarh is inviting applications under the Mukhyamantri Yuva swarozgar Yojana(MMYSY). Under this scheme, the state government provides financial assistance to such youth who want to set up their own businesses. Therefore, such aspiring youth who are seeking for jobs but cannot find one and thus, want to do their own business, can get a loan up to a maximum of Rs 25 lakh by applying to the department as per rules. Applicants can get information by contacting the District Industries and Trade Center of their district.

What are the Benefits of Mukhymantri Yuva Swarojgar Yojana(MMYSY), Chhattisgarh?
  • The main benefit of this MMYSY scheme is to provide youth with their own livelihood and provide employment to the people through MSMEs. 
  • The Chhattisgarh state government provides loans up to Rs 10 lakh for any service business
  • Rs 2 lakh for small business 
  • and up to Rs 25 lakh for setting up manufacturing industries.
  • The beneficiaries of this scheme are also given a loan waiver of 10 to 25 percent.
What are the Eligibility Criteria for Mukhymantri Yuva Swarojgar Yojana(MMYSY), Chhattisgarh?
  • Candidates should have at least passed 8th from a recognized institution.
  • The prescribed age of the applicant should be 18 years to 35 years to avail this scheme.
  • SC, ST, OBC, Women, Disabled, Entrepreneur and Naxalite affected family members and retired soldiers will get 5 years relaxation in age criteria. 
  • The annual income of the applicant’s family should not exceed Rs 3 lakh.
  • Applicant should be a permanent resident of Chhattisgarh.
  • The applicant should not be a loan defaulter of any national bank, financial institution and co-operative bank. 
What are the Documents Needed for Mukhymantri Yuva Swarojgar Yojana(MMYSY), Chhattisgarh?
  • Aadhar Card
  • Caste Certificate 
  • Business plan/Project report
  • Photograph of the applicant
  • Income certificate
  • Bank passbook
  • Residence Certificate
  • Ration Card
  • Self-Declaration Form  
  • Mobile no. 
How to apply for Mukhymantri Yuva Swarojgar Yojana(MMYSY), Chhattisgarh?

Visit the following website to know more about the scheme 

Categories
Loan Schemes

Chief Minister’s Startup Scheme(CMSS) Sikkim

The Government approved the Chief Minister’s Startup Scheme(CMSS) Sikkim on August 15, 2017, to encourage local unemployed youth. College graduates establish new entrepreneurial projects and self-employment possibilities in rural and urban areas of Sikkim. The Sikkim Startup India scheme plans to start businesses in the industrial and service sectors, such as farming, horticulture, food processing, animal husbandry, handloom, handicrafts, and so on. Also, for financially viable/bankable projects with a total expenditure amounting to INR. 20 lakhs, the scheme offers financial support as 25% of the project cost.

What are the Benefits of the Chief Minister’s Startup Scheme(CMSS) Sikkim?
  • The CMSS scheme is open to startup projects in the manufacturing or service sectors. Farming, horticulture, food processing, animal husbandry, handloom and handicrafts, with a cumulative project cost of Rs. 20 lakhs.
  • Acceptable financial assistance as promoter’s financial contribution is up to 25%. The approved bankable project cost for a bankable project that has been approved by any PSU financial institution or PSU bank.
  • The promoter’s contribution of financial support under CMSS for other non-manufacturing sector projects remains at 25% of the accepted project cost.
  • For non-manufacturing, CMSS shall admit an amount of 35 per cent of the approved bankable project cost.
What are the Eligibility Criteria for Chief Minister’s Startup Scheme(CMSS) Sikkim?
  • The applicant must be between 15 to 40 years of age. Chief Minister’s Startup Schemes Sikkim
  • The applicant must be jobless and hold a class V educational qualification from a recognised board.
  • The applicant must be a bona fide resident of Sikkim. 
  • In a household, only one member can avail of the benefits. 
  • Applicants belonging to rural and BPL families shall be given priority. 
What are the Documents Needed for the Chief Minister’s Startup Scheme(CMSS) Sikkim?
  • BPL certificate issued by DESME (if applicable)
  • Photographs of the applicant’s
  • Copy of Birth Certificate.
  • Address proof.
  • Project Report/Business Plan 
  • Copy of valid Employment Card issued by BAC.
  • Copy of Sikkim Subject Certificate/ Certificate of Identification.
  • Attested copy of mark sheet and certificate that is issued by Board/ University.

In the above list, business plan also known as project report is a crucial document when applying for a bank loan. The bank uses this document to analyze the overall feasibility, risks, financial viability, and potential of a project.

Therefore, a well-crafted and convincing project report increases the chances of loan approval. With Finline you can craft a compelling project report in less than 10 minutes. That too in your language. Also, our reports are accepted by all public and private sector banks working in India. Click to create your project report.

How to apply for the Chief Minister’s Startup Scheme(CMSS) Sikkim?

Visit the following website to download the application form for the scheme

Categories
Loan Schemes

What is Pavala Vaddi MSME Scheme Andhra?

The Andhra Pradesh government (Ministry of Finance) launched the Pavala Vaddi MSME scheme. Aiming to provide interest subsidies on bank loans earned by self-help groups in the state. The scheme aims to lower the cost of starting new micro and small businesses in the state, particularly food processing businesses. This scheme covers all loans made by banks as part of the SHG Bank Linkage Program.

What are the Benefits of Pavala Vaddi MSME Scheme AP?
  • The interest rate charged by qualifying micro and small enterprises to the financial institution or banks on the term loan availed. It will be reimbursed to the concerned financial institution or bank on a half-yearly basis. With a maximum limit of 9% under the Pavala Vaddi scheme.
  • The Pavala Vaddi scheme offers benefits to self-help groups and MSMEs in the form of interest subsidies on bank loans.
  • Benefits will be available to qualifying beneficiaries for a duration of five years under this programme.
  • The scheme allocates the benefit in the form of interest repayment in excess of 3%. Irrespective of bank interest rates, and excludes penal interest, liquidated losses, and other payments made to the bank.
What are the Eligibility for Pavala Vaddi MSME Scheme AP?
  • Only qualifying new units will be granted assistance. If they repay their principal and interest loan payments on time and on budget.
  • New micro and small business units established in Andhra Pradesh other than the Municipal Corporation boundaries of Visakhapatnam, Vijayawada, and Hyderabad shall be eligible to avail the benefit of the scheme. 
What are the Documents needed for Pavala Vaddi MSME Scheme AP?
  • Photograph of the applicant
  • Aadhar card
  • Project reports/Business Plan
  • Registration no. of the concerned unit 
  • Utility/electricity bill
  • PAN Card

In the above list, a Business plan also known as a project report is a crucial document when applying for a bank loan. The bank uses this document to analyze the overall feasibility, risks, financial viability, and potential of a project. Also, a well-crafted and convincing project report increases the chances of loan approval. With Finline you can craft a compelling project report in less than 10 minutes. That too in your language. All public and private sector banks working in India accept our reports. Click to create your project report.

How to apply for the Pavala Vaddi Scheme?

Visit the following website to register and learn more about the application process of the scheme and then log in by selecting the Pavala Vaddi button after registration

Categories
Loan Schemes

Kudumbashree Micro Enterprise Development

On August 27, 2020, Chief Minister Pinarayi Vijayan declared the Kerala Athijeevanam Keraleeyam Scheme. The state government will utilize its CM Local Employment Assurance Programme (LEAP) to execute this scheme. Kudumbashree Micro Enterprise development programme is proposing to introduce the Kerala Athijeevanam Keraleeyam Project. Altogether 50k people are expected to benefit from the Kudumbashree Micro Enterprise development programme. The Kerala Athijeevanam Keraleeyam Scheme includes the KMEDP as a key component. This will result in the establishment of 3,000 individual businesses and 2,000 group businesses. Until then, Kudumbasree members and their families would not be able to start their own businesses. More than ten thousand people will gain from the scheme.

What are the Benefits of the Kudumbashree Micro Enterprise Development Programme?
  • Loans of up to a maximum of Rs. 2.5 lakh shall be granted for individuals to set up their own venture.
  • Venture and groups can avail the benefit of up to 10 Lakh
  • The youth will be provided with appropriate training in the skills needed for the job.
  • Free of cost training will be provided.
What are the Eligibility for the Kudumbashree Micro Enterprise Development Programme?
  • The applicant must be a permanent residents of Kerala state
  • The age of the applicant must range between 18 years to 35 years.
  • Applicant should hail from a poor family
  • Applicants belonging to Scheduled Tribe (ST) and differently-abled categories will get a 10-year age relaxation
What are the Documents needed for the Kudumbashree Micro Enterprise Development Programme?
  • Aadhar Card
  • Identity Card
  • Business Plan/Project Report
  • Ration card
  • Residence certificate
  • Income certificate
  • Passport size photo
  • Mobile number
  • Differently-Abled Certificate (if applicable)
  • Caste Certificate (if applicable)

In the above list, a Business plan also known as a project report is a crucial document when applying for a bank loan. The bank uses this document to analyze the overall feasibility, risks, financial viability, and potential of a project. A well-crafted and convincing project report increases the chances of loan approval. With Finline you can craft a compelling project report in less than 10 minutes. That too in your language. All the public and private sector banks working in India accept our reports. Click to create your project report.

How to apply for the KMEDP?

Visit the following website to fill out the application form and choose the KMEDP component of the Athijeevanam Keraleeyam Scheme.

Categories
Loan Schemes

Mukhyamantri Rojgar Srijan Yojana Loan Scheme, (Jharkhand) 2021

The Government of Jharkhand has recently launched the Chief Minister Employment Generation Scheme. Under this scheme, the Government of Jharkhand will provide financial assistance to its people. Through this scheme, Unemployed youth of the state can take loans without a guarantee for setting up their business.  A provision of a loan of up to Rs 25 lakh has been made to promote entrepreneurial skills to the youth in rural and urban areas of the state.

What are the Benefits of the Mukhyamantri Rojgar Srijan Yojana Loan Scheme?
  • Under the scheme, unemployed youth living in urban and rural sectors (Scheduled Castes, Scheduled Tribes, Divyaang, Backward Classes) can avail loans at affordable interest rates to start their business.  (Applicable for the MSMEs)
  • Under this scheme, one can take a loan of 50 thousand rupees without any guarantee.
  • One can avail a loan of up to Rs 25 lakh during the plan. He/she will also be given a subsidy of up to 40% on taking the loan.
  • The amount of the grant shall not exceed 5 lakh. 
What are the Eligibility Criteria for the Mukhyamantri Rojgar Srijan Yojana Loan Scheme?
  • The age of the person must be between 18 years to 45 years
  • The person applying for the scheme must be a resident of Jharkhand.
  • The individual’s family income should be less than Rs 5 lakh.
  • Sakhi Mandal can also benefit, under the scheme. 
  • There is no requirement for any guarantee on loans up to Rs 50 thousand under this scheme.
What are the Documents Required for Mukhyamantri Rojgar Srijan Yojana Loan Scheme?
  • Aadhar card
  • Ration card
  • Proof of age
  • Project Report/Business Plan
  • Caste certificate of the applicant
  • Passport size photograph
  • Mobile number
  • Income Address
  • Bank account details
  • Proof of address (Electricity Bill, etc.)

In the above list, a Business plan also known as a project report is a crucial document when applying for a bank loan. The bank uses this document to analyze the overall feasibility, risks, financial viability, and potential of a project. A well-crafted and convincing project report increases the chances of loan approval. With Finline you can craft a compelling project report in less than 10 minutes. That too in your language. Also, our reports are accepted by all public and private sector banks working in India. Click to create your project report.

How to apply for the Mukhyamantri Rojgar Srijan Yojana Loan Scheme? 

One has to approach any of the following, in order to avail the benefit of the scheme. 

  • Jharkhand State Tribal Cooperative Development Corporation
  • State minority finance and development corporation
  • Jharkhand State Scheduled Caste Cooperative Development Corporation
  • District Welfare Officer
  • Jharkhand State Backward Classes Finance and Development Corporation
Categories
Loan Schemes

Sri Vajpayee Bankable Yojana, Gujarat

The Gujarat Government has introduced a new scheme for the employees of the cottage industry. This scheme offers financial support to the craftsmen of the cottage industry. Gujarat has started this scheme in the memory of our revered former Prime minister Late Shri Atal Bihari Vajpayee. This scheme is known as “Shri Vajpayee Bankable Yojana 2020”. This scheme focuses on equipping the unemployed youth of the states, aiming to promote entrepreneurship skills and help them become financially self-sufficient with their projects.

This plan aims to provide money to cottage industry artisans. They can receive funds through nationalized banks, cooperative banks, public sector banks, or private banks. The purpose of this programme is to give unemployed people in rural and urban areas access to self-employment. Blind and disabled people are also eligible to get assistance under this programme.

Targets of the Vajpayee Bankable Yojana:
  • Eliminate the problem of unemployment in the state.
  • Empower the youth of the state with entrepreneurship skills.
  • Encourage the youth to become self-reliant and financially independent.
  • Provide financial assistance to those persons, disabled due to an accident or by birth.
The loan limit :
  • Industrial sector loan amount – INR 8 Lakhs.
  • Service sector the loan amount is – INR. 8 Lakhs.
  • Trade sector the loan amount is – INR 8 Lakhs.
Maximum Limit of Subsidy:
SECTOR LIMIT OF SUBSIDY AMOUNT
Industries  ₹.1,25,000/-
 Service  ₹.1,00,000/-
Business From ₹.60,000/- to ₹.80,000/-

In business, the limit for subsidy amounts is different in general and reserve categories. For the general category, the limit for subsidy amount will be 75,000 and 60,000 for rural and urban areas respectively. For the reserve category, the limit will be 80,000.

Note: The maximum limit of subsidy per beneficiary in any sector will be ₹.1,25,000/- for blind or handicapped persons.

What are the Eligibility Criteria for Vajpayee Bankable Yojana?
  • The applicant’s age limit must be between 18-65 years of age.
  • Standard 4th pass is the minimum education qualification.
  • The applicant should have completed training for at least three months from a private establishment or at least one month from any government-approved Institute.
  • The field of the proposed company must be an ancestral craftsman or should have experience of a minimum 1 year in the same field.
  • There are no criteria in terms of family income.
What are the Documents Required for Vajpayee Bankable Yojana?
  • Aadhar Card
  • Ration Card
  • Photograph of the applicant
  • Birth certificate of the applicant
  • Project Report/Business Plan
  • Caste Certificate (if applicable)
  • Educational Certificate (4th standard Qualified)
  • Proof of training course.

In the above list, a Business plan also known as a project report is a crucial document when applying for a bank loan. The bank uses this document to analyze the overall feasibility, risks, financial viability, and potential of a project. A well-crafted and convincing project report increases the chances of loan approval. With Finline you can craft a compelling project report in less than 10 minutes. That too in your language. Also, our reports are accepted by all public and private sector banks working in India. Click to create your project report.

Where to apply for Vajpayee Bankable Yojana?

Visit the following link to download the application form for the Shri Vajpayee Bankable Scheme

Categories
Loan Schemes

Rajiv Gandhi Swavlamban Rozgar Yojana, RGSRY

The Delhi Khadi & Village Industries Board, with the assistance of the Government of the National Capital Territory of Delhi, planned, established and implemented the Rajiv Gandhi Swavlamban Rozgar Yojana(RGSRY). The aim is to provide employment opportunities for unemployed youth, craftsmen, qualified professionals, skilled workers and entrepreneurs through the promotion of lawful manufacturing, trades, tertiary and service sectors.

What are the Eligibility Criteria for Rajiv Gandhi Swavlamban Rozgar Yojana (RGSRY)?
  • Drop-outs from school/college over the age of 18 years.
  • Aspiring Entrepreneurs.
  • Age of the applicant must be between 18-50 years
  • Small-scale industrial units have a total expenditure of plants, machinery and equipment. It should not exceed the limit prescribed by the Central Government for small-scale units.
  • It must be situated within the jurisdiction of the National Capital Territory of Delhi. 
  • Applicants from any technical/professional institution recognized by the Government or its sanctioned undertakings without further training.
Financial assistance as a loan under these rules can be given to any of the following groups/sectors for qualifying projects: —
  • Secondary Sector (Small Industries)
  • Tertiary (Trade, Transportation, Hostels, Restaurants without Liquor and Meat etc.)
  • Services (Under the Terms & Conditions, provisions of local bodies and Delhi Master Plan.)
Conditions: 
  • The loan shall not be sanctioned if any loan has already been advanced by the government or any government-controlled financial entity for the same.
  • The borrower shall utilize the loan for the specific purpose for which it is advanced within three months. Otherwise, misutilizing the loan shall result in the imposition of 18% interest, in addition to the possibility of recovering the principal amount.
What are the Benefits of the Rajiv Gandhi Swavlamban Rozgar Yojana (RGSRY)?
  • The operating units will receive loans of up to Rs. 3,00,000. (Provided that, the applicant concerned makes a payment of at least 10% of the amount sought as a loan from the DKVIB).
  • Weaker sections, i.e. SC/ST/OBC/Ph./Females/Ex-Servicemen, require only a 5% contribution from an entrepreneur.
  • Govt. of Delhi would provide a subsidy @ 15% of the project cost subject to the ceiling of Rs. 7,500.00 per entrepreneur.
What are the Documents Required for Rajiv Gandhi Swavlamban Rozgar Yojana (RGSRY)?
  • Passport-size photographs of the applicant (2)
  • ID Card, Copy of Valid Passport, Aadhar Card, and Electoral Photograph of the applicant. 
  • Educational Qualification Certificate
  • Project Report/Business Plan 
  • Affidavit in the prescribed format. 
  • Electricity Bill (Proof of Residence)

In the above list, a Business plan also known as a project report is a crucial document when applying for a bank loan. The bank uses this document to analyze the overall feasibility, risks, financial viability, and potential of a project. A well-crafted and convincing project report increases the chances of loan approval. With Finline you can craft a compelling project report in less than 10 minutes. That too in your language. Also, all public and private sector banks working in India accept our project report. Click to create your project report.

How to apply for Rajiv Gandhi Swavlamban Rozgar Yojana (RGSRY)? 

Visit the following website to download the application form for the RGSRY

Categories
Loan Schemes

Chief Minister Employment Generation Programme

Maharashtra’s government has started The Chief Minister Employment Generation Programme (CMEGP). In essence, it is an employment-generating subsidy scheme tied to credit. In both urban and rural areas of the state, the government will establish micro and small businesses to create these employment opportunities.

Objective of CMEGP

The Chief Minister Employment Generation Programme’s (CMEGP) primary goal is to create 1 lac micro and small businesses in the following five years. In addition, this plan will generate job chances. For the first fiscal year, 8 to 10 lakh young people in the region will get employment.

Benefits of the Chief Minister Employment Generation Programme

The Benefits of the Chief Minister Employment Generation Programme includes:

  • A project unit may cost up to Rs. 50 lakh if it falls under the manufacturing sector. Projects under the scheme will not happen if the applicant tries to manipulate the system to become qualified under the CMEGP program. Still, the actual project cost is within the established limit.
  • The highest project cost allotted for the service sector is Rs. 10 lakh under this scheme.
  • Depending on the beneficiary category, beneficiary participation will range from 5% to 10% of the overall project cost. The bank would then give the remaining funds as a term loan.
Features of the Chief Minister Employment Generation Programme
  • CMEGP is a scheme that provides credit-linked subsidies to create jobs.
  • The creation of micro and small businesses in the state’s urban and rural regions will be the source of these career opportunities.
  • The maximum project cost for micro and small businesses will be $50,000.
  • Under the administrative supervision of the industries department, the government of Maharashtra and the industry directorate will administer and oversee this program.
  • In addition, the government will carry out this program through the regional investment centre, the state Khadi Board of Maharashtra, and the Industrial Development Corporation board, all under the supervision of the director of enterprises and banks.
Essential Documents for CMEGP
  • a passport-sized photo
  • Aadhar Card
  • Birth certificate, school transcripts, and a certificate of residence
  • Information about education
  • Taking action
  • Undertaking report
  • Certificate of caste
  • certificate for a particular category
  • REDP, EDP, and Skill Advancement Certificate of Training
About Finline!

Finline is an online platform for creating financial reports for getting bank loans and investments. It’s like ‘Canva’ but for financials. If you are an entrepreneur looking for a bank loan, you need to have a well-crafted project report. We, at Finline help you with that. Our team will help you create a powerful business plan in ten minutes. That too in your language. Also, our reports are accepted by all public and private sector banks working in India. Click to create your report.

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Loan Schemes

J&K Self Employment Scheme

In order to generate self-employment opportunities in the state, the Government of Jammu and Kashmir has introduced the Jammu and Kashmir Self Employment Scheme. As part of this scheme, the government provides entrepreneurs with financial support in order to start a new venture. The J&K Self Employment Scheme is being enacted in discussion with the Ladakh Autonomous Hill Development Council, Kargil.

Key Targets of Jammu and Kashmir Self Employment Scheme:
  • Building maximum job opportunities in Jammu and Kashmir and addressing rising unemployment in rural areas of the state.
  • To motivate Jammu and Kashmir’s youth to set up their own ventures.
  • Providing and encouraging self-employment in the state.
  • Adding the local natives to the mainstream development process.
  • Bringing normalcy in the state by promoting the growth of local business units through financial assistance.
What are the Eligibility Criteria for Jammu and Kashmir Self Employment Scheme?
  • The general category applicant’s age must be between 18-42
  • Relaxation for women and people belonging to SC/ST/Ex-Serviceman/physically impaired is given.
  • Educational Qualification: The applicant must hold a middle-class pass certificate.
  • The applicant should not have taken a loan for setting up his own business from any bank.
  • A permanent resident of the state is eligible to apply.
  • The applicant must be unemployed.
Cost of the Project:
  • The applicant could get Rs.2 lakhs for a retail trader under this scheme.
  • The business related to Industry/Service can get assistance up to Rs.3.00 lakhs
  • Joint Ventures (minimum two people) can get the Rs.10.00 lakhs for their business.
The pattern of Credit:
  • Bank Loan: 75%
  • Contribution of the Applicant: 5%
  • Margin Money: 15%
  • Capital subsidy: 5 % (Maximum of Rs.7500)
What are the Documents Needed for Jammu and Kashmir Self Employment Scheme?
  • Matriculation certificate
  • Qualification Certificate
  • Project Report/Business Plan
  • Affidavit to effect that the applicant has not received a loan from any bank or financial assistance
  • Residential Proof.
  • Certificate from the Gazetted officer that the candidate is non-working.
  • Identification Certification from a Gazetted officer
  • Caste Certificate.

In the above list, a Business plan also known as a project report is a crucial document when applying for a bank loan. The bank uses this document to analyze the overall feasibility, risks, financial viability, and potential of a project. A well-crafted and convincing project report increases the chances of loan approval. With Finline you can craft a compelling project report in less than 10 minutes. That too in your language. Also. all public and private sector banks working in India accept our project report. Click to create your project report.

How to apply for the Jammu and Kashmir Self Employment Scheme?

Visit the following website to know more about the application under the J&K Self Employment Scheme