Scheme Name: Self-Employment Scheme - MPSC/JC

State: Kerala

Description of the Scheme:

Multi-Purpose Service Centres/Job Clubs (MPSC/JC) scheme

MPSC/JC is a group oriented self-employment scheme for development of enterprises in unorganised sector. This contemplates establishment of MPSC under duly constituted groups of qualified and registered unemployed persons, in unorganised sector.

In JC there should be 2 to 5 members and one among them will be team leader. Other members will be partners. A partnership agreement is to be signed by them. They are individually, collectively and equally responsible for satisfying conditions stipulated by the financial institutions in respect of providing security/guarantee, for the successful implementation of the project and for repayment of the loan amount.

Target group :

Sector of the Scheme:

Eligibility Criteria:

Nature & Mode of Assistance: Bank loan up to Rs.10 lakhs is given for starting self-employment group ventures of 2 to 5 members, out of which 25% subject to maximum of Rs.2 lakhs is re-imbursed as Government subsidy through Employment Department. Scheme is incorporated with Credit Guarantee Scheme.

"Financial Information (Subsidy, low interest rate, etc.)":

"Other Assistance (Procurement of machinery, Technology /Marketing, International Cooperation, etc.)":

How to apply: Application forms are available free of cost from Employment Exchange where candidate is registered and submit along with detailed project report and income certificate from village officer.

Whom to Contact: