Back to Schemes
Business & Entrepreneurship

Direct Loans For Business Enterprise

Direct Loans For Business Enterprise Scheme is implemented by Karnataka Minorities Development Corporation Limited. Under this scheme, loans will be provided to eligible entrepreneurs to start or expand their businesses by mortgaging property (building or land).

Authority

State

Region

Karnataka

Status

Verified 2026

Updated

March 2026

What you get

Who can apply

Applicant should be a resident of Karnataka state; Applicant should belong to the minority community; Applicant should belong to a minority community; Applicant Age should be between 18 to 55 years; Business/Enterprise loan will be given to only one member of a family

Required Paperwork

  • Aadhaar Card
  • PAN Card
  • Income Certificate
  • Residence Proof (Domicile)

Common Questions

Who will get the benefits under this scheme?

People belonging to State Religious Minority Community will receive the Benefits under this scheme.

What are the benefits?

Under this scheme, a loan of Rs.20 Lakhs will be given At Low Interest Rates to persons belonging to minority communities for setting up their Businesses.

What is the rate of interest on the loan?

If The Applicant's Family Income Is Below Rs 8.00 Lakhs, It will be 4%. | if the applicant's family income is between Rs 8.00 lakhs-15 lakhs, It will be 6%.

Is there a guarantee needed for getting loan under this scheme?

Loans will be provided only on a mortgage of property (building/land) to the corporation. The value of the property should not be less than the loan amount.

What is the application procedure for this scheme?

The person can request loans by applying online through link https://kmdconline.karnataka.gov.in/Portal/home and then submitting the filled applications along with documents, or they can directly walk-in to the banks to provide them assistance for getting the loans under this scheme.

What are the required documents?

Copy of Aadhaar as residential proof, Caste Certificate Issued by the competent authority, Income Certificate Issued by the competent authority, Lease deed/Partition deed/Release deed/Gift deed/Rental agreement/Sale deed of the property, Project report/Profile of activities from CA(Chartered Accountant), | Quotations related to the project, License from respective authorities with respect to property proposed to be mortgaged, Building's Khata extract and Khata certificate or land's Mutation copy, Phodi/Partition deed with respect to revenue lands and phani-RTC, Encumbrance Certificate-(EC)/Form No.15, Up-to-date tax-paid receipts from the local bodies, Guidance value of the land from the competent authority, No objection from the family members to pledge the title deed with the family tree, In the case of a building, Valuation report by a registered valuer and Valuation Certificate, Self-Declaration Form

How to obtain Self-declaration form, caste certificate, and RTC?

All these documents can be obtained online. The links are as under: | The link for Self-Declaration Form - https://kmdconline.karnataka.gov.in/API/ProjectFiles/DocumentTypes/Self-Declaration-Applicant1.pdf | The link to get a Caste Certificate is - https://sevasindhu.karnataka.gov.in/Category/Caste%20Certificate.html | The link to get RTC is - https://landrecords.karnataka.gov.in/Service2/