SSS

Under the Shrama Shakthi Loan scheme, religious minority community entrepreneurs will be trained in artistic and technical skills and will be provided a loan of ₹50,000/- with a 4% rate of interest, to be paid in 36 installments.

Under this scheme, religious minority community entrepreneurs will be trained in artistic and technical skills and provided a loan of ₹50,000/- with a 4% rate of interest, to be paid in 36 installments.

If the beneficiary repays 50% of the loan within 36 months, the remaining 50% of the loan would be considered a back-end subsidy.

If the beneficiary fails to repay the loan within 36 months, 50% of the backend subsidy will be considered as a loan.

The beneficiaries will be selected by a Selection Panel.

The Selection Panel which selects the beneficiary consists of

• Concerned Deputy Commissioner of the District – Chairman
• Chief Executive Officer of the Zilla Panchayat – Vice-Chairman
• Lead Bank Manager of the concerned District – Member
• Concerned District Regional Transport Officer – Member
• District Officer of the concerned District, Department of Minority Welfare- Member
• District Manager of KMDC in the concerned district - Member Secretary

The following are the eligibility criteria for this scheme:

• The age limit of the applicant should be between 18 and 55 years.
• The applicant must be a permanent resident of the State.
• Applicants must belong to State Religious Minority Community.
• Family income from all sources should be within ₹3.50 lakh per annum.
• An applicant or his/her family members should not have availed benefits under any other scheme (Excluding the Arivu Scheme) of the KMDCL in the last 5 years.
• No member of the applicant's family should be an employee of the State/Central/ Government Public Sector Units.
• The applicant shall not be a loan defaulter in KMDC.

The application process has 2 parts, first it has to be done online and then the application further proceeds through offline channel.

Step 01: First go to the official website, and fill out the application form.

Step 02:Print the application form.

Step 03:Submit this application form along with other relevant documents to the Selection Panel of your concerned district.

Step 04: After the approval of the Selection Panel, Subsidy will be transferred to your bank account.

• The age limit of the applicant should be between 18 and 55 years.
• The applicant must be a permanent resident of the State.
• Applicants must belong to State Religious Minority Community.
• Family income from all sources should be within Rs. 3.50 lakh per annum.
• An applicant or his/her family members should not have availed benefits under any other scheme (Excluding the Arivu Scheme) of the KMDCL in the last 5 years.