What you get
7% interest subsidy on loans for up to 5 years.
Who can apply
Required Paperwork
- Aadhaar Card
- PAN Card
- Income Certificate
- Residence Proof (Domicile)
Common Questions
Who is eligible for the scheme?
Applicants aged 18-55 years from the Scheduled Caste category who meet the income and other criteria.
What is the income limit for eligibility?
The applicant should not be an income tax payer.
Can married individuals apply for the scheme?
Yes, provided their family income includes the applicant, spouse, and dependent children.
What types of projects are covered?
Projects in manufacturing, service, and business sectors eligible for CGTMSE loan guarantees.
What is the maximum project funding limit?
The funding ranges from [?]10,000 to [?]1 lakh.
What is the interest subsidy offered?
A 7% annual interest subsidy for up to 5 years, including the moratorium period.
Can beneficiaries of other government schemes apply?
No, applicants currently benefiting from other self-employment schemes are not eligible.
What banks are eligible for loans under this scheme?
Loans can be availed through Public, Private Sector, or Regional Rural Banks registered with CGTMSE.
Do applicants need to provide collateral for loans?
No, loans under CGTMSE are eligible for a credit guarantee.
Is training provided under the scheme?
Yes, a 12-day online entrepreneurship development training is available for beneficiaries.