Scheme Name: CM ST Entrepreneurship and Innovation (CMSTEI) Scheme

State: Telangana

Description of the Scheme:

The major objectives of the scheme are:

• To promote entrepreneurship culture among Scheduled Tribes, as a viable means of community-based economic growth.
• To nurture Tribal Entrepreneurs to expand their business and become employment providers through enterprise development.

Target group :

Sector of the Scheme:

Eligibility Criteria:

1. Candidate shall be a graduate of any stream belonging to ST
2. The prospective entrepreneur who is having innovative ideas.

Nature & Mode of Assistance:

• Entrepreneurial education and business management theory and practise imparted by eminent ISB faculties.
• Exposure to various business opportunities and on-ground experiential knowledge in varied sectors and domains by industry experts and site visits.
• Exposure to detailed understanding of the Detailed Project Report (DPR) by ISB faculty and the banking partners.
• Handholding support to prepare high-quality Detailed Project Report (DPR).
• Subsidy - 35% on the unit cost subject to maximum of Rs.50,00,000/- Lakhs.
• Additional 5% subsidy for the enterprises set up in scheduled area, i.e., 40%, on the unit cost, subject to maximum of Rs.50,00,000/- Lakhs.
• Additional 10% subsidy for Scheduled Tribe women entrepreneurs j.e., 45% on the unit cost, subject to maximum of Rs.50,00,000/- Lakhs.
• 10% of the unit cost shall be borne by the beneficiary as a Beneficiary Contribution.

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

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

How to apply:

Telangana State Scheduled Tribes Co-operative Finance
Corporation Limited (TRICOR)

Whom to Contact:

Managing Director, TRICOR