The Government of Karnataka has launched Karnataka CM Self Employment Scheme. Through this scheme, the government is going to provide interest subsidies on loans up to a maximum project cost of Rs 10 lakh. The maximum subsidy available for general category beneficiaries is 25% subject to the ceiling of a maximum of Rs 2.50 lakh. The maximum subsidy available for special category beneficiaries (SC/ST/OBC/MIN/PHC/ex-servicemen/women) is 35% subject to a ceiling of a maximum of Rs 3.50 lakh. The benefit of this scheme can be availed only if the loan is taken for manufacturing and service activities.
In order to take advantage of this scheme, the promoter’s contribution in the general category should be 10% of the project costs and the special category should be 5% of the project cost. The only unemployed youth of rural areas will be able to benefit from this scheme. Other than that the benefit of this scheme can be availed for new units only.
Key highlights pf Self employment Scheme
| Name Of The Scheme | Karnataka CM Self Employment Scheme |
| Launched By | Government Of Karnataka |
| Beneficiary | Citizens Of Karnataka |
| Objective | To Provide Interest Subsidy |
| Official Website | Click Here |
| Year | 2022 |
| State | Karnataka |
| Mode Of Application | Online/Offline |
Objective Of Karnataka CM Self Employment Scheme
The main objective of the Karnataka CM Self Employment Scheme is to provide interest subsidies on the loans up to a maximum ceiling of Rs 2.50 lakh for the general category and Rs 3.50 lakh for the special category. In order to take the benefit of this scheme, the maximum project cost should be Rs 10 lakh. This scheme is going to generate employment. Now the unemployed youth of the state will be able to get interest subsidies on the loans with the help of this scheme which will motivate them to take up self-employment. This scheme will also reduce the unemployment rate of the state. With the implementation of this scheme, the youths of the state will become self-dependent.
Eligibility Criteria
- Only one member of the family can be able to take benefit of this scheme
- One week entrepreneurship development training is compulsory (exempted if already undergone)
- The age of applicant must be between 21 years to 35 years for general category and 21 years to 45 years for special category like SC/ST/OBC/MIN/ex-servicemen/PHC/women
- There is no income limit under this scheme
- The benefit of this scheme can be availed for new activities only
- Only rural unemployment youths of Karnataka can be able to take benefit of this scheme
Required Documents
- Application with recent passport size photo
- Project report
- Age proof
- Educational qualification documents
- EDP Training Certificate if any
- Voter ID/ration card copy
- Rural certificate for unit proposed
- Permission from gram Panchayat
- List of machineries to be purchased
- Caste certificate for OBC/SC/ST/MIN
- Physically handicapped certificate
- Ex servicemen certificate
- I.E.M – 1
Procedure To Apply Online Under Karnataka CM Self Employment Scheme
- First of all go to the official website of Chief Minister self Employment generation programme
- The home page will open before you
- Only homepage you should click on apply online option.
- A new page will appear before you
- On this page you have to select agency and enter Aadhar number
- Now you have to click on proceed
- After that application form will display before you
- You have to enter your name, father’s name, caste, date of birth, mobile number, email id, address, pin code etc
- After that you have to upload all the required documents
- Now you have to click on save
- After that you have to take printout of the completed application form
- Now you have to submit this application form along with detailed project report and supporting documents to the respective office
- By following this procedure you can apply online under Karnataka CM self employment scheme
Features Of Karnataka CM Self Employment Scheme
- The Government of Karnataka has launched Karnataka CM Self Employment Scheme.
- Through this scheme the government is going to provide interest subsidy on loans up to a maximum project cost of Rs 10 lakh.
- The maximum subsidy available for general category beneficiaries is 25% subject to the ceiling of maximum Rs 2.50 lakh.
- The maximum subsidy available for special category beneficiaries is 35% subject to a ceiling of maximum of Rs 3.50 lakh.
- Benefit of this scheme can be availed only if the loan is taken for manufacturing and service activities.
- The promoter’s contribution in the general category should be 10% of the project costs and the special category should be 5% of the project cost.
- Unemployed youth of rural areas will be able to benefit from this scheme.
- The benefit of this scheme can be availed for new units only.
- Type of File : Circular.
- Language : Kannada/English
- Which Department : Education/
- Purpose of Information : Employee..
- Information Size : 852kb.
- Number of Pages : 08.
- Scanned Copy : Yes.
- Information Editable Text : No.
- Location : Karnataka
- Published Date : 2021
- Information Term : Short
- Download Link Available : Yes
- Copy Text : No
- Information Print Enable : Yes
- File Quality : High
- File size Reduced: No
- File Password : No
- Rate : Free of cost
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Important Links
| Application form | Download |
| Official Website | Go To Page |
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