The Central Government and State Governments have introduced a number of schemes to lower the unemployment rate. The government offers low-interest loans and a range of skill development programs through these schemes. The Karnataka CM Self Employment Scheme has also been introduced by the Karnataka government. The government will subsidize loans for manufacturing and service related enterprises through this scheme. In this article you get every necessary information regarding this scheme such as benefits, objective, eligibility criteria, required documents, registration, login and status
Karnataka CM Self Employment Scheme 2024
The Karnataka Chief Minister Self-Employment Scheme has been introduced by the Karnataka government. The government would subsidize interest on loans under this program, with the cap on project costs at Rs 10 lakh. General category clients can get up to a maximum of Rs 2.50 lakh in subsidies, or 25% of the total. Subject to a limit of Rs 3.50 lakh the highest subsidy available for beneficiaries belonging to special categories (SC/ST/OBC/MIN/PHC/ex-servicemen/women) is 35%.
Only if the loan is used for manufacturing and service-related operations is the benefit of this scheme applicable. A 10% general category contribution and a 5% special category contribution are required from the promoter in order to be eligible for this plan. This scheme will only help unemployed young people living in rural regions. Apart from that only newly constructed apartments are eligible for this scheme’s benefits.
Karnataka Swawalambi Sarathi Scheme
Overview of Karnataka CM Self Employment Scheme 2024
Objective of Karnataka CM Self Employment Scheme 2024
The primary goal of the scheme is to inform general category citizens about the availability of loan subsidies up to Rs 2.50 lakh and other citizen categories up to Rs 3.50 lakh. The cost of building the most work has been set at Rs 10 lakh in order to qualify for this project. The residents will also be able to access work opportunities through this scheme. Under this scheme, young people without jobs in the state of Karnataka can apply for loans to begin any kind of work.
Udyogini Scheme for Women Entrepreneurs
Benefits of Karnataka CM Self Employment Scheme
The benefits of this scheme is given below:
- This scheme has been introduced by the Karnataka government.
- The government would subsidize interest on loans under this scheme with a secure on project costs of Rs 10 lakh.
- Beneficiaries in the general category are eligible for a maximum subsidy of 25% up to a maximum of Rs 2.50 lakh.
- Beneficiaries of special categories are eligible for a maximum subsidy of 35% up to a maximum of Rs 3.50 lakh.
- This scheme’s benefits are only available if the loan is used for manufacturing and service related purposes.
- 10% of the project expenses should go into the promoter’s general category contribution and 5% of the project costs should go toward the special category.
Eligibility Criteria
The eligibility criteria of this scheme is given below:
- This scheme is only available to one family member at any given moment.
- It is required to complete one week of training in entrepreneurial development (unless already completed).
- For the general category, the applicant’s age must be between 21 and 35 years old, and for special categories such as SC, ST, OBC, MIN, ex-servicemen, PHC and women it must be between 21 and 45 years old.
- It has no income limits.
- This scheme’s benefit is only available for new activities.
- Only jobless youngsters in Karnataka’s rural areas are eligible to apply for this scheme.
Required Documents
The required documents of this scheme is given below:
- Passport Size Photograph
- Aadhaar Card
- Date of birth
- Project Report
- Ration Card
- Voter ID
- Permission from gram panchayat
- Caste Certificate
- Physically Handicapped Certificate
- Educational Qualification
- List of Machinery to be purchased
- EDP training Certificate
- Ex-servicemen Certificate
- IEM-1
Applying Procedure of Karnataka CM Self Employment Scheme
- First you have to visit the Official Website of the CM Self Employment Generation Program.
- The homepage will appear on your screen.
- Click on the apply online option.
- A new page will appear on your screen.
- You have to select an agency and enter your Aadhaar Number.
- Click on the proceed.
- The application form will appear on your screen.
- Enter your name, father name, caste, date of birth, mobile number, email id, address, pin code, etc.
- You have to upload all the necessary documents.
- Click on the save.
- You can take a print out of it.
- You need to send in this application form, a thorough project report and all necessary supporting documents to the appropriate office.
Apply Offline
- First you have to visit the Official Website of the CM Self Employment Generation Program.
- The homepage will appear on your screen.
- Click on the downloads option.
- You have to click on the CMEGP Application form option.
- The application form will appear on your screen.
- You have to download this application form.
- You can take a print out of it.
- Fill all the necessary details in the form.
- You have to attach all the necessary documents.
- You have to submit this form to the respective office.
Login Procedure
- First you have to visit the Official Website of the CM Self Employment Generation Program.
- The homepage will appear on your screen.
- Click on the login option.
- A new page will appear on your screen.
- Enter your username, password, captcha code.
- Click on the login button.
Application Status
- First you have to visit the Official Website of the CM Self Employment Generation Program.
- The homepage will appear on your screen.
- Click on the application status option.
- Enter your application ID and captcha code.
- Click on the view.
- The application status will appear on your screen.
FAQ’s
Interest subsidies on loans up to a maximum project cost of Rs 10 lakh would be provided by the government. Beneficiaries in the general category are eligible for a maximum subsidy of 25% up to a maximum of Rs 2.50 lakh.
People who belong to religious minority populations would receive a subsidy of up to Rs. 1 lakh or 33% of the unit cost under this scheme.
The details are already given in this article.
https://cmegp.kar.nic.in/