DBAAKY
What this is
The scheme "Dr. Bhimrao Ambedkar Aarthik Kalyan Yojana" under the Tribal Welfare and Scheduled Caste Department, Madhya Pradesh, offers a 7% annual interest subsidy on loans for Scheduled Caste beneficiaries, up to 5 years, subject to regular repayment.
In detail
The Dr. Bhimrao Ambedkar Aarthik Kalyan Yojana, under the Tribal Welfare and Scheduled Caste (SC) Department of Madhya Pradesh, provides a 7% annual interest subsidy on loans for Scheduled Caste beneficiaries for up to 5 years to support new self-employment ventures. The project limit ranges from ₹10,000 to ₹1 lakh for all types of self-employment, with specific eligibility and financial assistance provisions for SC applicants. Beneficiaries can avail of a 12-day online entrepreneurship development training under the scheme. The scheme covers projects in the industry (manufacturing), service, and business sectors eligible for bank loan guarantees under CGTMSE, through Public Sector, Private Sector, or Regional Rural Banks registered as Member Lending Institutions (MLIs) with CGTMSE.
Who qualifies
- The applicant should be between 18 and 55 years of age.
- The applicant should not be an income tax payer.
- The applicant should not be a defaulter of any bank or financial institution, such as MFI, NBFC, SFB, or PACS.
- The applicant should not currently be a beneficiary of any other self-employment scheme from the state or central government.
- The applicant's family income should meet the following definition:
- If unmarried: Includes the applicant and dependent parents.
- If married: Includes the applicant, spouse, and dependent children (no age limit for dependent, unmarried children).
What you get
7% interest subsidy on loans for up to 5 years.
not about the scheme.
Provenance
| schemeName | Dr. Bhimrao Ambedkar Aarthik Kalyan Yojana | myScheme · 2026-09-02 |
| schemeOpenDate | ... | not published at source |
| schemeCloseDate | ... | not published at source |
| nodalMinistryName | ... | myScheme · 2026-09-02 |
| dbtScheme | True | myScheme · 2026-09-02 |
| achievement data | ... | no source publishes this for any central scheme |