Young entrepreneurs, with manufacturing cost less than INR 15 lakh can get financial support to set up their business.
Objective
To assist marginalised youths to be become entrepreneurs.
Key Benefits
Subsidy provided for 25% of project cost, subject to a maximum of INR 3.75 Lakh
Eligibility Criteria
Applicants must be of age between 18-45 in general and for special (Women/Minorities/ BC/MBC/SC/ST/Ex-servicemen/Transgenders/Differently abled), age relaxation upto 55 years
Minimum 8 th Pass
Family income should not exceed Rs.8.00 lakh
Only Trading/Business projects with maximum Project costs Rs.15.00 lakh respectively
Promoter’s contribution 10% for General and 5% for Special Category
Loan assistance from Commercial Banks
Individual Based Capital Subsidy @ 25% of the Project cost (Maximum Rs.3.75 lakh)