Karnataka Kayaka Yojana 2023 Karnataka Kayaka Yojana is a recently launched initiative by the Karnataka state government, aimed at boosting the growth of self-help groups (SHGs) across the state. This program offers interest-free loans to these groups through cooperative sector banks. Here, we delve into the scheme’s key details, eligibility criteria, benefits, and application procedure.
The primary objectives of the program are:
Under this scheme:
Eligibility criteria for the scheme include:
Required documents for the scheme:
Karnataka Kayaka Yojana is a state initiative that offers interest-free loans to women and self-help groups to promote self-employment and strengthen the financial well-being of its participants.
Permanent residents of Karnataka who are members of candidate-approved Self Help Groups (SHGs) with a household monthly income below Rs. 20,000 are eligible to apply.
Participants gain access to interest-free loans, support for self-employment, improved financial situations, and a reliable income stream from the state government’s purchase of their products.
Interested candidates and SHGs need to register on the official website of the scheme. Once registered, the online application form will be made available.
Loans range from one to ten lakh Indian rupees. Loans up to Rs. 5 lakhs are interest-free, while those between Rs. 5 lakhs and Rs. 10 lakhs carry a 4% interest rate.
The scheme was launched in January 2021 by the Karnataka State Government, inaugurated by Chief Minister HD Kumaraswamy.
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