A Subsidy loan Scheme for Schedule Castes, Safai Karamcharis Families, Other Backward Classes and Physically Disabled YOUNG PROFESSIONALS such as Doctors, Engineers, Pathologist, Advocates, Chartered Accountants, Physiotherapist, Pragmatist and Architect etc., has been announced by Government of India recently.
Schedule Caste Professional with annual income for Rural area Rs.40000/- & Annual Income for Urban areas Rs.55,000/- are eligible to start an Enterprise as below
| Unit Rate | upto Rs.30.00 lakhs |
| Loan Amount | upto 90% |
| Promoter’s Contribution | 2 to 10% |
| Subsidy | BPL Beneficiary Rs.10,000/- |
| Interest Rate | Depending on the Loan amount 6 to 10% per year |
| Repayment period | upto 10% years. |
Professional from Safai Karamcharis, scavengers are eligible to start an Enterprise as below
| Unit Rate | upto Rs.10.00 lakhs |
| Loan Amount | upto 90% |
| Promoter’s Contribution | upto 10% |
| Interest Rate | 6 % per year |
| Repayment period | upto 10% years. |
Backward Caste Professional with annual income for Rural area Rs.40000/- & Annual Income for Urban areas Rs.55,000/- are eligible to start an Enterprise as below
| Loan Amount | upto Rs.5.00 lakhs |
| Promoter’s Contribution | 5% |
| Interest Rate | 5 to 6% per year |
| Repayment period | upto 10% years. |
Professionals with disability more than 40% & annual income for Rural areas Rs.3 lakhs & disability more than 40% & annual income for Urban areas Rs.5 lakhs are eligible to start an Enterprise as below
| Loan Amount | upto Rs.25.00 lakhs |
| Promoter’s Contribution | 10% |
| Interest Rate | Depending on the loan amount 4 to 8% per year |
| Repayment period | upto 10% years. |