Scheme Objective

Eligibility Criteria

Age18-50 Years
Education
QualificationCandidate passed commercial education [10+2 with village industry as a subject]
Technical
QualificationPreference will be given to the candidates trained by Industrial Training Institute/Ploytechnic. Educated unemployed youth whose age for Govt. service has expired. A candidate trained under TRYSEM and any other Govt. scheme. Traditional artisan Preferences will be given to such units which would be engaged in production of commodities to meet out the daily necessities of local cousumers
Category50% of the borrowers should be from SC/ST /O.B.C. category
APL/BPL1. Gramodyog units should be identified based upon the availability of raw materials locally for identified beneficiaries. 2. Women interested in self employment. 3. Who has registered himself in Employment Exchange of the concerned district

Project Outlay (Max.)
Loan Limit Under the scheme in first phase the eligible beneficiary will get interest subsidy for the loan upto Rs.10.00 lakhs for Term Loan/Working Capital. Self contribution of the Bank Loan for general category will be 10% and for SC/ST/Women/PH/OBC/Ex-serviceman
Margin Money
Selection Process The district Village Industry Officer will collect the applications through personal contest with various institutions/ entrepreneurs/different Govt. Deptts. or through press release. The applications will be collected on a format as prescribed by Bank as possible. If application forms are not available easily, then the Board may use individual entrepreneurs application form, later on the application may be obtained on bank?s form. The District Level Committee, headed by DM/CDO/SDM as constituted for other State Sponsored Schemes will identify the borrowers or by the committee as constituted by U.P. Khadi Village Industry Board. Before sanctioning loan, it is to be ensured that the borrowers have acquired training and should be the bonafide resident of the village & permanently residing there. He should have required margin money for establishment of unit.
Sanctioning/Recommending Authority Deptt.