The Dr. Bhimrao Ambedkar Aarthik Kalyan Yojana is implemented by the Tribal Welfare and Scheduled Caste (SC) Department, Government of Madhya Pradesh. This scheme provides financial support in the form of interest subsidy to eligible Scheduled Caste individuals for setting up self-employment ventures in sectors such as manufacturing, services, and business. Loans are offered through Public Sector, Private Sector, and Regional Rural Banks registered under CGTMSE (Credit Guarantee Fund Trust for Micro and Small Enterprises).
Benefits
-
7% annual interest subsidy on loans
-
Subsidy duration: Up to 5 years
-
Project limit: ₹10,000 to ₹1,00,000
-
Includes 12-day online entrepreneurship development training
Eligibility
-
Applicant should be between 18 to 55 years
-
Should not be an income tax payer
-
Should not be a defaulter of any bank, NBFC, MFI, SFB, or PACS
-
Should not be a current beneficiary of any other central/state self-employment scheme
-
Family income consideration:
-
If unmarried: Includes self + dependent parents
-
If married: Includes self + spouse + dependent children
-
Application Process
Mode: Offline
-
Visit the Scheduled Caste Welfare Department office during working hours
-
Collect the prescribed application form from the authority
-
Fill in all mandatory fields, paste a passport-size photograph (signed if required)
-
Attach self-attested copies of all required documents
-
Submit the completed form to the authority within the prescribed deadline
-
Collect a receipt or acknowledgment with:
-
Submission date and time
-
Unique identification number (if available)
-
Documents Required
-
Aadhaar Card
-
Passport-size photograph
-
Proof of residence
-
Ration card (optional)
-
Bank account details (e.g., copy of passbook)
-
Caste certificate
-
Age certificate or birth certificate
-
Signature
-
Any other documents as required
Frequently Asked Questions
-
Q: Who is eligible for this scheme?
SC individuals aged 18–55 who are not taxpayers, defaulters, or existing beneficiaries -
Q: What is the subsidy amount?
7% interest subsidy on the loan amount for up to 5 years -
Q: Can the loan be used for any type of business?
Yes, any self-employment venture under industry, service, or business sector is allowed -
Q: Is training included in the scheme?
Yes, a 12-day online entrepreneurship development training is included