Shrama Shakthi Scheme

Under this scheme, religious minority community entrepreneurs will be trained in artistic and technical skills and provided a loan of ₹50,000/- with a 4% rate of interest, to be paid in 36 installments. If the beneficiary repays 50% of the loan within 36 months, the remaining 50% of the loan would be considered a back-end subsidy. If the beneficiary fails to repay the loan within 36 months, 50% of the backend subsidy will be considered as a loan. The beneficiaries will be selected by a Selection Panel. The Selection Panel which selects the beneficiary consists of - Concerned Deputy Commissioner of the District – Chairman - Chief Executive Officer of the Zilla Panchayat – Vice-Chairman - Lead Bank Manager of the concerned District – Member - Concerned District Regional Transport Officer – Member - District Officer of the concerned District, Department of Minority Welfare- Member - District Manager of KMDC in the concerned district - Member Secretary The following are the eligibility criteria for this scheme: - The age limit of the applicant should be between 18 and 55 years. - The applicant must be a permanent resident of the State. - Applicants must belong to State Religious Minority Community. - Family income from all sources should be within ₹3.50 lakh per annum. - An applicant or his/her family members should not have availed benefits under any other scheme (Excluding the Arivu Scheme) of the KMDCL in the last 5 years. - No member of the applicant's family should be an employee of the State/Central/ Government Public Sector Units. - The applicant shall not be a loan defaulter in KMDC. The application process has 2 parts, first it has to be done online and then the application further proceeds through offline channel. Step 01: First go to the official website, and fill out the application form. Step 02:Print the application form. Step 03:Submit this application form along with other relevant documents to the Selection Panel of your concerned district. Step 04: After the approval of the Selection Panel, Subsidy will be transferred to your bank account.