Category: Loan Schemes

Central and State Government Loan Schemes for StartUps & New MSMEs in India

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Loan Schemes

Sri Vajpayee Bankable Yojana, Gujarat

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

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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

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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

Categories
Loan Schemes

Swami Vivekananda Assam Youth Empowerment

The government of Assam launched Swami Vivekananda Assam Youth Empowerment (SVAYEM) Yojana in the year 2017. Under the SVAYEM scheme, the government provides monetary support to Assam’s young people to take up revenue activities in the trade, manufacturing, and service sectors. However, SVAYEM’s main vision is to develop job opportunities for young people through the establishment of new enterprises and the growth of existing business units.

Highlights of the SVAYEM Scheme:
  • The Swami Vivekananda Assam Youth Empowerment scheme would boost the income level of traditional artisans of Assam by providing financial credits to eligible applicants. 
  • SVAYEM provides financial assistance to micro, small and medium enterprises in Assam. However, the MSME should be engaged in the manufacturing, trading, and services sectors.
  • The scheme targets to generate employment for the eligible youth in rural and urban areas of Assam through the setting up of new ventures and growing existing ventures. 
  • Manufacturing, Trading, Processing, Rural Transport Services such as Auto Rickshaw, e-Rickshaw, Service Sector, Tourism, Shops, repairing Centres, Handicrafts, and Cottage Industry units are eligible for the SVAYEM scheme. 
  • About 1 lakh youths in Assam will be provided adequate financial support for taking up income-generating enterprises.
What are the Eligibility Criteria for the SVAYEM Scheme?
  • The age of the applicant must be above 18 years.
  • The applicant must have no source of income to avail of the benefit of this SVAYEM scheme.
  • The applicant must be a resident of Assam
  • Every applicant must have relevant skills, experience, and knowledge to undertake the income-generating activities, under the scheme. 
  • The education qualification of the applicant should be at least above class VII. 
  • The applicant who has already completed Skill Development Training will be given more preference.
  • The applicant should not be a defaulter in any bank in the country. 
What are the Documents Needed for the SVAYEM Scheme?
  • SVAYAM Application Form
  • Project Report/Business Plan
  • Identity Proof of the Applicant.  
  • Certificate of Class 7th qualification. 
  • Age Proof of the applicant. 
  • Skill Development/Trainee certificate, if applicable
  • Copy of business license
  • Proof of residence. 
  • Copy of business registration certificate
  • Ownership identity documents
  • Certificate of experience, if any. 

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 SVAYEM Scheme?

Visit the following website to learn more about the application form to avail of benefits under the SVAYEM scheme. 

Categories
Loan Schemes

Mukhyamantri Yuva Swarozgar Yojana, U.P

It is accurate to say that the employment rate cannot keep up with the population’s exponential growth. There is a sizable population of educated but jobless youth. Some are aspirational and strongly desire to launch their own company.

The state government of Uttar Pradesh has announced the Mukhyamantri Yuva Saroja yojana to increase the opportunities for self-employment for the educated but unemployed youth of the state. As a result, the NIC upstate centre has created a web portal with end-to-end computerization to offer a centralized platform for the program’s application, disposal, and real-time monitoring.

The Mukhyamantri Yuva Swarojgar Yojana was made public by Uttar Pradesh to give the state’s educated but jobless youth employment opportunities.

Objective 

this loan scheme can be taken without collateral security to encourage entrepreneurship in Uttar Pradesh. Implementing agencies: Department of Commerce, industries, and employment for urban areas and panchayat and rural development department for rural areas.

Features 
  • To provide an educated unemployed youth with a means of support, whether for himself or his family.
  • According to the government’s guidelines, the interest rate will vary depending on the loan amount.
  • The U.P. state unemployment rate will go down thanks to this plan.
  • Projects costing less than 4 lakh do not require collateral security.
Launch of mukhyamantri yuva swarojgar yojana

The Mukhyamantri Yuva Swarozgar Yojana program has been launched by Uttar Pradesh’s government to increase self-employment opportunities for the state’s educated but unemployed youth. A web portal with end-to-end computerization has been created by the NIC up-state centre to provide a single window system for applying, disposing of, and real-time monitoring of the scheme. In the presence of Sri Navneet Sehgal, IAS, principal secretary, MSME & export promotion, up, and Shri Govindaraju N.S, IAS, commissioner and director, directorate of industries, Chaudhary Udaybhan Singh, hon’ble minister of state, MSME & export promotion, group, officially launched the portal on February 19, 2020, in Lucknow.

Eligibility
  1. The candidate must be an Indian national and an occupant of Uttar Pradesh with legal status.
  2. The applicant must be between the ages of 18 and 40.
  3. Both the public and the private sector should be assigned to the candidate.
  4. The applicant should have yet to obtain a loan from another bank.
  5. The applicant should not be a recipient of any other government employment program.
  6.  The applicants must have a bank account connected to their mobile number.
  7. The applicant must not have a history of financial default with another bank or organization.
  8. The applicant’s minimum educational requirement is a high school diploma or an equivalent.
Who is going to gain from the plan?

Men and women who fall under the scheduled castes, scheduled tribes, other backward classes, and general categories will profit from this program. The two sectors of the Mukhyamantri Yuva Swarojgar Yojana are the industrial and service sectors. The maximum loan amount is 25 lacs for the industrial sector and ten lacs for the service sector. Therefore, 25% of the total loan is the margin money required for these two industries.

Benefits of the Yojana 
  • This program is available to Uttar Pradesh’s educated youth.
  • Under MYSY U.P., women from scheduled castes and scheduled tribes will receive reservations.
  • Benefits will be provided to the 21% of unemployed scheduled castes and scheduled tribes.
  • According to this plan, many people will be employed if an individual establishes their industry.
  • Following loan approval, the government will prioritize those working on cost-effective (lower-cost) units.
  • The young person will receive a loan of rs. 25 lakh to launch an industry-related business and a loan of rs. 10 lakh to launch a service-related business.
Subsidy provided 

The U.P government will offer a maximum loan amount of 25 lakhs for the establishment of industry, up to 10 lakhs for any business services, and up to 2 lakhs for small businesses under the Mukhyamantri Yuva Swarozgar Yojana.

Industrial sectors covered under this scheme
  • Food processing industries
  • Agricultural industries 
  • Textile sector 
  • Automobile sector
  • Healthcare 
  • Banking insurance and finance sector
  • Construction activities 
  • Telecommunication and electronics 
  • Transportation and logistics 
  • Retail businesses 
  • Sports & physical education
  • Tourism and hospitality 
  • Beauty and wellness industries
Documents required 
  • Educational qualification certificate
  • Aadhar card 
  • Pan card 
  • Resident certificate
  • Passport size photo 
  • Income certificate 
  • BPL card
  • Mobile number 
  • Project report /business plan
  • Age certificate
  • Caste certificate
How to apply?
  1. Check out diupmsme.upsdc.gov.in.
  2. From the drop-down menu, click login and select applicant login.
  3. Click on the new user 
  4. Enter the information as prompted.
  5. Press the submit button.
Conclusion

The Chief Minister Yuva Swarozgar Yojana was established by Chief Minister Yogi Adityanath to address the issue of educated youth unemployment in the state and to put the state’s skilled and hardworking youth on their feet. This program’s primary goal is to give young people self-employment opportunities.

Where to apply for Mukhyamantri Yuva Swarozgar Yojana, U.P?

Visit the following website to register for the Mukhyamantri Yuva Swarozgar Yojana, U.P

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. All public and private sector banks working in India accept our reports.  Click to create your report.

Categories
Loan Schemes

Mukhyamantri Swavalamban Yojana, H.P

There is a lack of sufficient jobs in all of the industries, irrespective of the government or private sector. This is why there is a great need to encourage self-employment. Taking a step, the state government of Himachal Pradesh has announced a new scheme for the youth of the state. This project will not only explore the possibilities of self-employment. It will also encourage the unemployed youth of the state to set up their enterprises under the categories of Micro, small or medium capacity. 

What are the Benefits of the Mukhyamantri Swavalamban Yojana, H.P.Scheme?
  • Encouraging Youth – The main benefit of this scheme is to motivate the youth for self-employment and show interest in starting their own business.
  • Reduce job Shortage – With the implementation of this project, the problems of job shortage in the state will be eliminated. They shall be able to start their own business instead of roaming in search of jobs. They can also become employable employers.
  • Government Land for Rent – If a self-employed person wants land, he can take the help of the government for this. If it gets approval from the HP government and wants to take government land as rent, then the state government will charge only 1% of the actual rate of that land.
  • Reduction in Stamp Duty – To motivate the youth to participate more and more in the self-employment scheme, the government will also reduce the number of stamps to be filled by them. If you want to buy any land under this project, you will have to pay a stamp duty of up to 3% instead of 6%.
Subsidy Rate:
Category Subsidy Rate

Women 30%

Widow 35%

Other 25%

What are the Eligibility Criteria for Mukhyamantri Swavalamban Yojana, H.P.?
  • The candidate has to be a resident of Himachal Pradesh.
  • Applicant must be 18-45 years of age.
What are the Documents Needed for Mukhyamantri Swavalamban Yojana, H.P.?

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 Mukhyamantri Swavalamban Yojana, H.P.? 

Visit the following website to apply for the scheme:

Categories
Loan Schemes

Bihar Udyami Yojana

The Government of Bihar launched a new scheme named Udyami Yojana Bihar for the welfare of educated youth in the state. As a result, those educated yet unemployed young people who come from the SC/ST community will benefit from Udyamai Yojana. As a result of this scheme, Bihar’s youths will be provided with better job opportunities. The Scheme focuses on promoting the micro, small, and medium-scale (MSME) industries in the state. Similarly improving the employment ratio and providing better livelihood to the SC/ST youth through assistance in the form of incentives to set up new enterprises. 

What are the Benefits of Bihar Udyami Yojana?
  • This Udyami Yojana Bihar would include up to 5 lakhs of interest-free loans.
  • A concession of up to 50 per cent of the project cost would be granted.
  • Rs.25,000 for training and project monitoring will be provided by the government.
  • The scheme makes collateral security-free loans available.
  • It will give an incentive of up to Rs. 5 lakhs for 50 per cent of the project cost.
What are the Eligibility Criteria for Bihar Udyami Yojana?
  • The applicant should be a citizen of Bihar.
  • The applicant must belong to the SC/ST community.
  • Educational Qualification: The applicant must hold the intermediate, ITI, Polytechnic, or any other equivalent degree.
  • The age of the applicant must be 18 or above.
  • Entities such as proprietary businesses, partnership firms, or private limited companies should register as the company.
What are the Documents Required for the Bihar Udyami Yojana?
  • Photo of the applicant.
  • Application form.
  • Residence certificate of the applicant. 
  • Bank passbook details.
  • Project Report/Business Plan
  • Aadhar card.
  • Academic qualification certificate.
  • Birth certificate.
  • Income Certificate
  • Caste Certificate of the applicant
  • Ration card.

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. 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: 

 The following website should be visited to apply for the Bihar Udyami Yojana

Categories
Loan Schemes

Chief Minister Employment Generation Programme, CMEGP

Chief Ministers Employment Generation Programme (CMEGP)

Karnataka launched the Chief Ministers Self-Employment Generation Programme (CMEGP) to establish micro-enterprises in rural parts of the state. CMEGP – Govt of Karnataka, promotes self-employment among aspiring rural entrepreneurs by investing capital up to INR 10 lakhs through the District Industries Centre and Karnataka State Khadi and Village Industries Board. The core concept behind this scheme’s launch is to reduce unemployment and create jobs.

Targets of Chief Ministers Self-Employment Generation Programme (CMEGP):
  • To create opportunities for jobs in Karnataka
  • Providing and encouraging self-employment in Karnataka
  • To inspire the Rural Youth of the state to set up micro, small and medium enterprises.
  • To provide training and financial assistance to the new entrepreneurs of the state.
What are the Benefits of Chief Ministers Self-Employment Generation Programme (CMEGP)
  • The maximum project cost loan allowed under the CM Self Employment Scheme (CMEGP) is Rs.10.00 lakhs per unit.
  • Entrepreneur Development (EDP) training under the CM Self Employment Scheme is provided by the Karnataka government. The Centre for Entrepreneurship Development of Karnataka (CEDOK) and Rural Development & Self Employment Training will complete the EDP training (RUDSET).
Project Criteria:
  • The project must be based in rural areas of the state.
  • The unit must be new with a ‘Negative List’.
  • 10% of the project cost as own contribution must be paid by the general category entrepreneur, and 5% of the project cost must be paid by the SC/ST/OBC/Minorities/Women, Ex-servicemen, and Physically Disabled category entrepreneur.
What are the Eligibility Criteria for the Chief Minister’s Self-Employment Generation Programme (CMEGP)?
  • The applicant must be a permanent resident of Karnataka
  • The applicant can set up only one unit under the scheme
  • The age limit for the entrepreneur belonging to the General category is 21 to 35 years and for (SC / ST / OBC / Minorities/Women, Ex-servicemen, Physically handicapped), 21 to 45 years.
What are the Documents needed for CMEGP?
  • Project Report/Business Plan
  • Passport-size photograph of the applicant
  • Academic qualifications of the applicant
  • Birth Certificate
  • Voter ID/Ration Card
  • EDP training certificate
  • The rural certificate for the proposed unit
  • Ex-servicemen certificate, if applicable
  • Approval from Gram Panchayat
  • Caste Certificate in case of SC, ST, OBC.
  • Physically handicapped certificate, if applicable
  • List of equipment to be purchased.

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 public and private sector banks working in India accept our reports. Click to create your project report.

How to apply: 

The following website should be visited to apply for the CM Self Employment Scheme (CMEGP)

Categories
Loan Schemes

Unemployed Youth Employment Generation Programme (UYEGP)

The Unemployed Youth Employment Generation Programme (UYEGP) scheme

The Unemployed Youth Employment Generation Programme (UYEGP) scheme to alleviate the unemployment problems of socially and economically weaker segments of society, particularly among educated and unemployed people, to become self-employed by setting up Manufacturing / Service / Business enterprises.

Eligibility for The Unemployed Youth Employment Generation Programme :
  1. The applicant should be at least an 8th
  2. Age Limit: 18 to 45 Years
  3. 18 to 35 Years (Other Community Men)
  4. Family Annual Income: Should not exceed Rs.1,50,000/-
  5. Residence: Should be a resident of a minimum of 3 years in the same area
Scheme Highlights
  1. For the General Category of entrepreneurs, the Promoter contributes 10% of the project cost, while for the Special Category, the Promoter contributes 5%.
  2. Subsidy@25% of project cost (not exceeding Rs. 1.25 lakhs).
  3. 7 days of EDP training is mandatory for the selected beneficiaries. The District Task Force Committee will conduct interviews to select beneficiaries at least once every fortnight.
What are the Benefits of the Unemployed Youth Employment Generation Programme?

The Unemployed Youth Employment Generation Programme helps eligible youth avail of loans for the following industry

  1. Manufacturing up to 10 lakhs
  2. Service industry – up to 2 lakhs
  3. Trading – up to 1 lakh
What are the Documents needed for the Unemployed Youth Employment Generation Programme?
  1. Transfer certificate/ Record Sheet issued by School/College. (Two Copies)
  2. Ration Car. (Two Copies)
  3. In the case of applicants who don’t possess a valid Ration Card, a Nativity certificate from the Thasildhar / Aadhar card xerox / Election voters identity card xerox. (Two Copies)
  4. Project Report/Business Plan
  5. Valid Quotations (Original & Duplicate ) with GST number
  6. Community Certificate(Two Copies)
  7. Ex-Serviceman /Differently abled /Transgenders should apply with a valid certificate (Two copies ) ➢ Affidavit – A format enclosed herewith for reference to the candidate which should be typed in an Rs.20/- Non-Judicial Stamp Paper duly Certified and Signed by the Notary Public and then submitted along with a copy of Rental/Lease Agreement to the bank while sanctioning of the loan.

You should enclose the aforementioned documents with the District Industries Centre.

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 Unemployed Youth Employment Generation Programme?

The given website should be visited to apply for the UYEGP Scheme: