Shram Shakti Scheme:- Karnataka government has unveiled Shram Shakti Scheme for the benefit of minority communities in the state.

Government will provide loans with low interest rate (4 to 5 per cent) and skill training for minority class members In scheme this, so they can start their own business.

The scheme was issued by the Chief Minister of Karnataka. The scheme was launched in July 2023. Minority group members will receive skills training from the government in several categories under the scheme.

Read below to view detailed information about the Employee Loan Scheme such as points, objectives, benefits, eligibility, required documentation, steps to apply for the scheme, award details, and more.

Karnataka Shrama Shakti Scheme(ಕರ್ನಾಟಕ ಶ್ರಮ ಶಕ್ತಿ ಯೋಜನೆ)

The Karnataka government has launched the Shrama Shakti Scheme to help minorities of the state to start their own businesses or pursue entrepreneurial careers and the Karnataka Minority Development Corporation Limited is the main department responsible for this project.

Candidates would get a financial loan of Rs. 50,000 under the Sharma Shakti Yojana, payable within 36 months. The loan amount includes an additional interest rate of 4%.

Additionally, candidates will receive instruction in the technical or artistic field. Candidates should be between 18 and 55 years of age and their annual financial assistance should not exceed Rs 3.50 lakh.

Applicants are not eligible for the scheme if any member of their family works for a central, state, or government agency.

Shrama Shakti Loan Scheme Details in Highlights(ಮುಖ್ಯಾಂಶಗಳಲ್ಲಿ ಶ್ರಮ ಶಕ್ತಿ ಸಾಲ ಯೋಜನೆಯ ವಿವರಗಳು)

Shrama Shakti Scheme Objective(ಶ್ರಮ ಶಕ್ತಿ ಯೋಜನೆಯ ಉದ್ದೇಶ)

The main objective of Shrama Shakti Scheme is to encourage unemployed youth in Karnataka to start their own companies or become entrepreneurs in order to develop their careers and create jobs for other youth.

They work, but they cannot support their families because of financial difficulties. The Government of Karnataka formed the Shrama Shakti Scheme to provide financial assistance to job seekers.

Under this scheme, eligible candidates will get a loan of Rs 50,000, to be repaid within 36 months. The remaining amount of Rs. If the candidate returns half of the grant, 25,000 will be accepted as back grant.

Benefits of Karnataka Shrama Shakti Scheme(ಕರ್ನಾಟಕ ಶ್ರಮ ಶಕ್ತಿ ಯೋಜನೆಯ ಪ್ರಯೋಜನಗಳು)

• The Karnataka government has launched the Sharma Shakti Project to help minorities in the state start their own companies or pursue entrepreneurial careers
• Candidates would get a financial loan of Rs. 50,000 under the Sharma Shakti scheme, payable in 36 months.
• Candidates will receive instruction in technical or artistic fields.
• An additional 4% interest rate will be applied to the entire loan.
• The remaining amount of Rs. If the candidate returns half of the grant, 25,000 will be accepted as back grant.

Eligibility Criteria for the Scheme(ಯೋಜನೆಗೆ ಅರ್ಹತೆಯ ಮಾನದಂಡಗಳು)

• The petitioner is permanently residing in the State of Karnataka
• Candidates should be between 18 and 55 years of age and their annual financial assistance should not exceed Rs 3.50 lakh
• The candidate must belong to a minority group, such as Buddhist, Muslim, Christian, Jain, Sikh, Parsi
• If any member of their family works for a central, state, or government agency, the person is not eligible for the scheme
• The applicant cannot have a history of KMDC loan default.
• No single family member of the participant or any other participant would have been beneficiaries of any other KMDCL scheme during the last five years (except Arivu Scheme).

Karnataka Shrama ShaktiRequired Documents(ಕರ್ನಾಟಕ ಶ್ರಮ ಶಕ್ತಿ ಅಗತ್ಯವಿರುವ ದಾಖಲೆಗಳು)

• Passport Size Photo
• Aadhaar Card
• Income Certificate
• Project Report
• Surety Self Declaration Form
• Self Declaration Form
• Bank Account Details
• Residence Proof of Karnataka
• Online Application Form
• Caste Certificate
• Minority Certificate

Steps to Apply for Karnataka Shrama Shakti Scheme(ಕರ್ನಾಟಕ ಶ್ರಮ ಶಕ್ತಿ ಯೋಜನೆಗೆ ಅರ್ಜಿ ಸಲ್ಲಿಸಲು ಕ್ರಮಗಳು)

• First of all, go to the official website of Karnataka Minorities Development Corporation Limited
• The homepage of the website will open on the screen

• Steps to Apply for Karnataka Shrama Shakti Scheme
• Now from the homepage, go to the schemes option and select Shrama Shakti Loan Scheme option.
• A new page will open on the screen.
• Read all the information carefully.
• After that, click on the e services option and under it click on the Online Application option.
• A new page will open on the screen.
• Now on this new page, click on the apply online option under the tab Loan / Subsidy for Minorities.
• Steps to Apply for Karnataka Shrama Shakti Scheme
• Click on the Application Form option
• The application form will open on the screen
• Enter your mobile number and click on the verify button to verify your mobile number
• Now, enter all the required details like Name, Date of Birth, Annual income, Community, etc
• Click on the submit button to submit the application form
• Now, print the application form
• After that, attach all the required documents to the form
• Finally, submit the form to the District Selection Panel.

Details of the Shrama Shakti Scheme Reward(ಶ್ರಮ ಶಕ್ತಿ ಯೋಜನೆಯ ಬಹುಮಾನದ ವಿವರಗಳು)

• Candidates would get a financial loan of Rs. 50,000 under Sharma Shakti Yojana, payable within 36 months.
• The remaining amount of Rs. If the candidate returns half of the grant, 25,000 will be accepted as back grant.
• An additional 4% interest rate will be applied to the entire loan.

FaQ

Karnataka Shrama Shakti Scheme 2023-24: Apply for Loan, Eligibility | ಕರ್ನಾಟಕ ಶ್ರಮ ಶಕ್ತಿ ಯೋಜನೆ @ kmdc.karnataka.gov.in if you are given by jagokisan.comwith the information then plz like and share so that other farmer brothers can also be helped