loan Schemes Madiwala Machideva Development Corporation invites applications for various projects loan Scheme Apply Online:

Welcome to Karnataka Help, today we are going to give information about various schemes (Karnataka Madivala Machideva Development Loan Scheme) offered by “Karnataka Madivala Machideva Development Loan Scheme”, many people are not aware about this scheme. So we hope this information will help you.

Karnataka Madivala Machideva Development Loan Scheme

Online applications are invited from those who want to avail the facility in the following schemes being implemented in the year 2023-24.

  • Self Employment Direct Loan Scheme
  • Ganga Welfare Scheme
  • Cognizant-Education Direct Loan Scheme (New) A loan scheme for higher studies in foreign universities.
  • Self-sufficient Sarathi Yojana.
  • Self Employment Loan Scheme
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Self Employment Direct Loan Scheme:

Unit Cost Rs. 1 lakh / Rs. 2 lakh
Rs. 20,000/-/Rs. 30,000/-
Loan amount Rs. 80,000/- / Rs. 1,70,000/-
Ganga Kalyan Irrigation Scheme:

Unit Cost Rs. 4.75 lakh / Rs. 3.75 lakhs
A grant of Rs. 4.25 lakh / Rs. 3.25 lakh
Loan amount Rs. 50,000/- / Rs. 75,000/- paid to ESCOM

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Arivu Education Loan Scheme:

1.00 lakh per annum for the study of 28 courses in professional courses like engineering, medicine, dentistry etc. for the duration of the course to a maximum of Rs. 4.00 lakh to Rs. 5.00 lakh at an interest rate of 2% per annum for the students of all abilities from backward classes who study through CET. Loan will be sanctioned. The annual income of the candidate and his family should be within the limit of Rs.3.50 lakhs. loan Schemes

Educational Loan Scheme: For Fresh Students:

An annual maximum of Rs. 1 lakh
Annual interest per cent. 2 percent
Must have been admitted through Karnataka Examination Authority / NEET Exam

Higher Education Loans in Abroad Universities:

An annual maximum of Rs. 10 lakh
Interest Rate : Zero (0%)
QS World Ranking – Within 500
Self-sufficient Sarathi Yojana:

50% of unit cost / maximum Rs. 3 lakhs subsidy.
To buy a four wheeler (yellow board)
Age limit should be between 21 to 45 years
Self Employment Loan Scheme (in collaboration with commercial banks):

Unit Cost : 20% / Maximum Rs. 1 lakh subsidy,
The remaining amount is a bank share loan.
Purpose: Economic activities/enterprises engaged in agricultural/non-agricultural activities, trading, transport and machinery.
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Last Date of loan online Application

Last Date to Apply Last Date: 03 November 2023

Eligible beneficiaries should visit the nearest civic centers of Village-One, Karnataka-One and Bangalore-One to apply for the schemes and apply with the following documents.

Important Links:

Official website:
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