Back to Schemes
Banking,Financial Services and Insurance

Sant Ravi Das Swarojgaar Yojana

The Sant Ravi Das Swarojgaar Yojana under the Tribal Welfare and SC Department, Madhya Pradesh, provides funding for manufacturing units (₹1 lakh to ₹50 lakh) and service/retail trade projects (₹1 lakh to ₹25 lakh) for Scheduled Caste applicants.

Authority

State/ UT

Region

Madhya Pradesh

Status

Verified 2026

Updated

March 2026

What you get

- Scheduled Caste beneficiaries can receive a 5% annual interest subsidy on Term and Working Capital Loans for up to 7 years, including the moratorium period. | - The subsidy is provided on the condition of regular loan repayment as per the prescribed schedule.

Who can apply

If unmarried: The applicant and dependent parents.; If married: The applicant, spouse, and dependent children (no age bar for dependent, unmarried children).

Required Paperwork

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

Common Questions

What is the Sant Ravi Das Swarojgaar Yojana?

A scheme providing financial assistance and training to Scheduled Caste beneficiaries for self-employment projects.

Who is eligible for this scheme?

Scheduled Caste individuals aged 18-40 with a minimum educational qualification of 12th class.

What is the income limit for eligibility?

The family's annual income should not exceed [?]12 lakh.

Can I apply if I am a defaulter of any bank?

No, applicants must not be defaulters of any bank or financial institution.

Is there an age limit for applicants?

Yes, the applicant must be between 18 and 40 years old.

What is the financial assistance provided under the scheme?

Interest subsidy of 5% per annum on loans for up to 7 years, including the moratorium period.

Can I avail of the scheme if I am already benefiting from another self-employment scheme?

No, you cannot be a beneficiary of any other self-employment scheme of the state or central government.

What types of loans are covered under the scheme?

Term Loan and Working Capital Loan for manufacturing and service/retail trade projects.

What is the training provided under the scheme?

A 12-day entrepreneurship development training through an online module.

What documents are required to apply?

Documents such as Aadhaar, caste certificate, income certificate, and educational qualification are required for application.