State Schemes for MSMEs

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Scheme Name: Scheme for minority women for establishing income generation units

State: Jammu and Kashmir

Description of the Scheme: Women below poverty line having annual income of Rs.54,000 or less for urban areas and Rs.42,000 or less for rural areas (Concerned Tehsildar must attest income level).

Target group :

Sector of the Scheme:

Eligibility Criteria:

Women from the minority community who is in the age group of 18- 45 years can apply under the scheme.
- Applicants should be a permanent resident of the State of Jammu and Kashmir.
- Applicant shouldn't hold any liabilities or debts with any financial institutions/banks.
- The annual income of the family residing in the urban areas shouldn't exceed Rs.55,000, and for the families residing in rural areas, the annual income should be of or below Rs.40,000.
- Applicants should present the income level certificate attested by the respective Tahsildar.

Nature & Mode of Assistance:

Maximum loan limit: Rs.2.50 lakhs

GoI (Central share) - 85%; State share - 10%; Beneficiary's share - 5%

Rate of interest - 6%

Repayment - 20 easy quarterly installments in 5 years including the moratorium period of three months on the recovery of principal amount

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

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

How to apply: J&K Women Development Corporation

Whom to Contact:

Social Welfare Department

Special Secretary to the Government 0191 - 2579126, 2542759

swd-jk@nic.in

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