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Loan Schemes

Swami Vivekananda Swanirbhar Karmasansthan Prakalpa

The West Bengal Swarojgar Corporation Ltd implements the Swami Vivekananda Swanirbhar Karmasansthan Prakalpa(SVSKP), a flagship scheme of the Department of Self Help Group & Self Employment (WBSCL).

The basic goal of the scheme is to increase access to credit for the growth of rural/urban enterprises. SVSKP yojana gives assistance to unemployed young people and groups of people. More emphasis has been placed on training, especially in trades where locally available raw materials could be used to produce. Making finer articles rather than being wasted due to ignorance, and in traditional crafts where there is ample potential.

What are the Benefits of  Swami Vivekananda Swanirbhar Karmasansthan Prakalpa(SVSKP) Yojana?
  • Generation of self-employment opportunities across the state. 
  • Promotion of enterprises in the remote and rural areas of West Bengal. 
  • Financing the funds to the educated unemployed youth of the state to promote self-dependence. 
  • Better utilisation of idle resources. 
  • Maximum Govt. subsidy of Rs. 1.5 lakh for individual 
  • West Bengal Swarojgar Corporation Ltd is providing 3.5 lakh for groups of five or more, which represents 30% of the project cost 
What is the Eligibility of SVSKP Yojana?
  • The applicant must be between 18-45 years of age. 
  • The monthly family income of the applicant should be less than Rs.15,000
  • This project is applicable to any type of small-scale industry, production unit, trading unit, or service point in rural or urban areas. It also includes any unit involving agriculture and animal resources.
  • Employees of the Central Government, State Government and any government-approved organization or his family cannot participate in this project.
  • Swami Vivekananda Swanirbhar Karmasansthan Prakalpa pays 5 per cent of the project cost to the applicant.
  • 30 per cent grant from the State Government (maximum of Rs. 1.5 lakhs in individual projects and maximum of Rs. 3.5 lakhs in joint ventures)
  • State-owned banks or financial institutions must pay the remaining 65 per cent or the remainder at current interest rates.
What are the Documents Required for SVSKP Yojana? 
  • Birth certificate
  • Employment Exchange Card / Unemployment Certificate from BDO
  • Caste Certificate
  • Colour Photograph
  • Project Report/Business Plan
  • Trade License
  • Educational Qualification 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. Our reports are accepted by all public and private sector banks working in India. Click to create your project report.

How to apply for Swami Vivekananda Swanirbhar Karmasansthan Prakalpa(SVSKP) Yojana? 

Visit the following link to download the application form for the SVSKP Scheme

Categories
Loan Schemes

Karma Sathi Prakalpa Scheme – West Bengal

The government of West Bengal introduces a scheme Karma Sathi Prakalpa. This scheme focuses on making West Bengal’s unemployed young people self-reliant. So, a target is set to make 1 lakh unemployed young people self-sufficient each year through the Karmasathi project (karma sathi prokalpo). The project provides loans of up to Rs 2 lakh via cooperative banks that operate by the State. Also, the subsidy opportunities associated with the loan and the opportunity to repay the loan in installments.

Objectives of Karma Sathi Prakalpa Scheme 2020
  • In the new scheme “Karma Sathi Prakalpa” one jobless youth who is not paid provides loans and grants. So they can become self-sufficient.
  • Also, to help young entrepreneurs of the State in setting up new manufacturing enterprises. And small companies including services and trading.
  • To build gainful self-employment opportunities in both rural and urban areas of the State.
What are the Eligibility criteria for the Karma Sathi Prakalpa Scheme?
  • Firstly, candidates must remain permanent residents of West Bengal.
  • Secondly, only permanent candidates of West Bengal are eligible for this scheme.
  • Educational Qualification for the scheme implies minimum Class VIII qualifying. Also, the preference provides intending business people who register with the Employment Bank.
  • The loan is by the state-owned co-operative bank to support “prospective entrepreneurs”. In the age group within 18-50 years. In setting up “new manufacturing enterprises and small businesses”
What are the Documents required to apply online?

The duly filled-in application form must be submitted along with the following duly signed documents.

  • Passport Size Photo
  • Adhaar Card
  • Project report -(Finline can help you with the project report)
  • Proof of address& ID
  • 10th or 12th Market Sheet
  • Certificate of education
  • Voting ID Card
  • Copy of SC / ST / OBC / Minority / Certificate issued separately, if applicable

For more details about this scheme visit govt website 

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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 will 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 project report. Click to create your report.