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.
SSS Karnata Summary
| Name of the scheme | Shrama Shakthi Scheme |
| Starting date of Scheme | |
| Scheme Started by | Karnataka Government |
| Objective | To assist the state’s minority population in launching their own companies or pursuing entrepreneurial careers. |
| Beneficiary | State Religious Minority Community. |
| Benefit of the scheme | Under this scheme, a loan of ₹50,000 will be given to persons belonging to religious minority communities and entrepreneurs will be trained in artistic and technical skills. |
| Application Process | online |
Eligibility criteria for the scheme
The applicant should be:
- Permanent resident of State Religious Minority Community
- Age between 18 and 55 years
- Family income from all sources should be within Rs. 3.50 lakh per annum.
Documents required for the Scheme
- Aadhaar Card
- Caste and Income certificate
- photo
- Project report of the business
- Bank Passbook
- Self-Declaration Form
How to apply for Shrama Shakthi Scheme
Eligible citizen may apply online for Shrama Shakthi Scheme by given link below.
| Apply Online | Click Here |
| Detailed Information | Click Here |
| Official Website | Click Here |
