The Sant Ravi Das Swarojgaar Yojana, launched under the Tribal Welfare and Scheduled Caste Department of Madhya Pradesh, provides financial assistance for establishing manufacturing units (ranging from ₹1 lakh to ₹50 lakh) and service/retail trade projects (ranging from ₹1 lakh to ₹25 lakh) exclusively for Scheduled Caste applicants. In addition to the loan facility, beneficiaries can enjoy a 5% annual interest subsidy on Term and Working Capital Loans for up to 7 years, which includes the moratorium period. The scheme also offers a 12-day entrepreneurship development training through an online module to further equip the beneficiaries with the necessary business skills.
Benefits
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Interest Subsidy:
Scheduled Caste beneficiaries receive a 5% annual interest subsidy on both Term and Working Capital Loans for a period of up to 7 years, including the moratorium period, provided regular repayment is maintained as per the prescribed schedule. -
Entrepreneurship Training:
Beneficiaries have access to a 12-day online entrepreneurship development training module to help enhance their business skills and operational efficiency.
Eligibility
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Residency:
The applicant must be a resident of Madhya Pradesh. -
Age Requirement:
The applicant must be between 18 and 40 years of age. -
Caste Category:
Only individuals belonging to the Scheduled Caste category are eligible. -
Educational Qualification:
The applicant must have passed at least the 12th standard. -
Income Limit:
The annual family income of the applicant should not exceed ₹12.00 lakhs. -
Non-defaulter:
The applicant should not be a defaulter with any bank or financial institution, including MFIs, NBFCs, SFBs, or PACS. -
Scheme Exclusivity:
The applicant must not be receiving benefits from any other self-employment scheme provided by either the state or central government. -
Family Definition:
- If unmarried: The applicant and dependent parents.
- If married: The applicant, spouse, and dependent children (with no age limit on dependents).
Application Process
Offline
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Obtain the Application Form:
Visit the Scheduled Caste Welfare Department Office during office hours and request the hard copy of the prescribed application form. -
Fill the Form:
Complete all mandatory fields on the form, attach a passport-sized photograph (signed across if required), and include copies of all required documents (self-attested if necessary). -
Submit the Application:
Submit the duly filled and signed application form along with all mandatory documents to the concerned authority within the prescribed period, if any. -
Obtain Acknowledgement:
Request a receipt or acknowledgment from the authority at the time of submission. The receipt should include details such as the date, time of submission, and a unique identification number (if applicable).
Documents Required
- Aadhaar Card.
- Proof of identity and residence.
- Caste Certificate.
- Income Certificate.
- Educational Qualification Certificate.
- Bank Account Details.
- Project Proposal.
- Loan Sanction Letter.
- Recent Photographs.
Frequently Asked Questions
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What is the Sant Ravi Das Swarojgaar Yojana?
It is a scheme that provides financial assistance for setting up manufacturing or service/retail trade projects along with a 5% annual interest subsidy for Scheduled Caste beneficiaries. -
Who is eligible for this scheme?
Residents of Madhya Pradesh aged between 18 and 40 years belonging to the Scheduled Caste category, with a minimum educational qualification of 12th class and an annual family income not exceeding ₹12.00 lakhs, are eligible. -
What is the income limit for eligibility?
The applicant’s annual family income should not exceed ₹12.00 lakhs. -
Can I apply if I am a defaulter of any bank?
No, applicants should not be defaulters with any bank or financial institution. -
Is there an age limit for applicants?
Yes, eligible applicants must be between 18 and 40 years of age. -
What is the financial assistance provided under the scheme?
The scheme offers funding for manufacturing units from ₹1 lakh to ₹50 lakh and for service/retail trade projects from ₹1 lakh to ₹25 lakh. -
Can I avail of the scheme if I am already benefiting from another self-employment scheme?
No, applicants currently benefiting from any other state or central government self-employment scheme are not eligible. -
What types of loans are covered under the scheme?
Both Term Loans and Working Capital Loans are covered under the scheme, with a 5% annual interest subsidy offered on them. -
What is the training provided under the scheme?
Beneficiaries can avail a 12-day entrepreneurship development training through an online module. -
What documents are required to apply?
The required documents include Aadhaar Card, proof of identity and residence, caste certificate, income certificate, educational qualification certificate, bank account details, project proposal, loan sanction letter, and recent photographs.