State Schemes for MSMEs

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Scheme Name: Micro Credit Scheme

State: Karnataka

Description of the Scheme: Provide small financial assistance to skilled/unskilled persons belonging to backward classes who are below the poverty line. Activities like fruit, vegetable and flower vending, tea stall, etc., will be assisted.

Target group :

Sector of the Scheme:

Eligibility Criteria:

Nature & Mode of Assistance: Subsidy: Maximum Rs 5,000.
Loan amount: Maximum Rs.10,000.
Interest rate: Self-help associations are required to return the loan amount to corporation with an interest rate of 4% per
annum. Self-help groups can save on service charges by taking an additional 1% interest.

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

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

How to apply:

Whom to Contact:

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