BANK LOANS FOR BUSINESS START UP WITH 15 PERCENTAGE GOVERNMENT SUBSIDY IN KERALA
Yes. It is there. If you are going to start a new small-scale business, so you can apply for it.
BANK LOANS FOR BUSINESS START UP WITH 15 % GOVERNMENT SUBSIDY IN KERALA- How to apply?
No tension, if you left your current job and intending to start up a new business unit or either in manufacturing, trading or in the service industry. You can approach for bank loans, under Pradhanmantri Rozgar Yojana (PMRY).
What is Pradhanmantri Rozgar Prothsahan Yojana (PMRPY)?
Prime Minister's Rozgar Protsahan Yojana (PMRPY) is being implemented since 1993 and the scheme is designed to create sustainable self-employment opportunities for one million educated unemployed youth in the country. It is still available.
No Pay Slip Needed and No CIBIL Credit Rate
In PMRY, no need to submit earlier payslips and they will not check CIBIL Credit Score of you.
Age Limit
If you are at an age between 18 and 35, you can apply for this loan, in the general category. And for SC/ST//OBC/Physically disabled will get 10 years age relaxation.
Eligibility to apply for PMRPY bank loans
You must be an inhabitant of the current location for at least 3 years and passed 8th standard in any syllabus.
The maximum amount of bank loans under PMRPY
For Business - Rs.2.00 Lacs
For Service Industry - Rs.5.00 Lacs
For Partnership - Rs.10.00 Lacs
Interest Rate of bank loans under PMRPY
The interest rate may vary from time to time. Just check with your bank.
Subsidy of bank loans under PMRPY
It is fixed at 15% of the project cost or fixed as Rs.12,500.00 maximum.
Where to apply for this PMRPY bank loans?
If you are interested and intended to proceed, just go to your District Industries Centre. They are the people and they will guide you, provide you with proper training and other things if you're selected.
To know more these bank loans, just watch the shared Malayalam video, which is shared only for informative purposes and hence this site doesn't hold any responsibility or anything else.