KMDC Sharma Shakti Loan Online Application Apply Online 2023

KMDC Sharma Shakti Loan Online Application

50,000 to start a small business. Loan and Subsidy | KMDC Sharma Shakti Loan Online Application.

Hello friends.. Need to get loans and grants to start or develop a small business? Read the information about the government subsidy (KMDC Sharma Shakti Loan Online Application) in this article and apply for the eligible beneficiaries.

Minority traditional artisans are given loans and subsidies under Shram Shakti Loan Scheme to start or develop their business. Information about this is as requested.

KMDC Sharma Shakti Loan Online Application

Scheme NameShram Shakti Loan Scheme
SubsidyRs. 4 at an interest rate of Rs.
Loan facility up to Rs. 50,000/-
Applicant Age18 to 55 years
Name of CorporationKarnataka Minority Development
Corporation Pvt
KMDC Sharma Shakti Loan Online Application

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Details of KMDC Sharma Shakti Loan Scheme:

Under the Shrama Shakti Loan Scheme, the minority class artisans are trained to develop their artistic and technical skills to carry on the same trade or to start or develop a small business by the Corporation. 50,000 at an interest rate of 4 Rs. Loan facility will be provided up to

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KMDC Sharma Shakti Loan Online Application

In this, percent If the beneficiary repays 50% of the loan in 36 months, the remaining % 50% of the amount is considered as ‘Backend Subsidy’. If the beneficiary fails to repay the loan within 36 months, % 50 percent backend subsidy is also considered as loan.

KMDC Sharma Shakti Loan Scheme Eligibility:

  • Applicants must belong to a religious minority community as defined in a government order.
  • Applicant must be a permanent resident of Karnataka.
  • Applicants should be between 18 to 55 years of age.
  • Annual family income is Rs 3,50,000. should be less than (Annual income from all sources)
  • No member of the applicant’s family should be a Central or State Government employee.
  • Applicant or his or her family members should not have availed loan facilities under any other scheme (other than awareness scheme) of Government or Corporation in last 05 years.

KMDC Sharma Shakti Loan Scheme Documents:

  • Project report
  • Caste Certificate issued by competent authority
  • Income Certificate issued by Competent Authority
  • Copy of Aadhaar Card (Proof of Residence)
  • Copy of Bank Pass Book
  • Self declaration letter
  • 2 recent passport size photographs of the beneficiary

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Selection Committee:

  • Honorable MLAs of respective Vidhan Sabha constituencies – Speakers
  • Members of the Legislative Council permanently residing in the Taluk – Co-Chairpersons
  • Taluk Tahsildars concerned – Members
  • Executive Taluk Panchayat-Members
  • District Lead Bank Manager -Members
  • District Joint Director, Commerce and Industry-Member
  • District Deputy Director, Women and Child Welfare Department-Members
  • District Manager, Karnataka Minorities Development Corporation- Member Secretary

How to apply?

Eligible candidates can apply online along with required documents, application link is given below.

Sharma Shakti Loan Scheme Online Application Link:

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Important Dates:

  • Last Date of Application Submission: 25-09-2023

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