Sarkari Yojana
Motivation of Unemployed Persons to Start Self-employed Enterprises
About Motivation of Unemployed Persons to Start Self-employed Enterprises
Self-employment among young people in manufacturing and service activities is promoted by the “Motivation of Unemployed Persons to Start Self-employed Enterprises” scheme of the District Industries Centre, Department of Industries and Commerce, UT of Puducherry, which was brought in to back the growing economy of the Union Territory of Puducherry.
Scheme Overview
State Government
Individual
Scheme Details
Eligibility Requirements
To qualify for Motivation of Unemployed Persons to Start Self-employed Enterprises, applicants must satisfy the following conditions:
Age requirements are those set by the banks'…
Age requirements are those set by the banks' current norms.
Applicants must have fluent reading and writing ability
Applicants must have fluent reading and writing ability.
At least 3 years of permanent residence in…
At least 3 years of permanent residence in the area is required.
Any service or industrial activity that is economically…
Any service or industrial activity that is economically viable qualifies.
Benefits Provided
Motivation of Unemployed Persons to Start Self-employed Enterprises provides the following benefits to eligible applicants:
Quantum of Loan Loans between ₹10,000 and ₹2,00,000 can be obtained. Subsidy
Projects of up to ₹10,000 get 50% of…
Projects of up to ₹10,000 get 50% of the project cost (preliminary and pre-operative expenses excluded).
Projects above ₹10,000 but below ₹2,00,000 get 25%…
Projects above ₹10,000 but below ₹2,00,000 get 25% of the project cost (preliminary and pre-operative expenses excluded), with a ceiling of ₹25,000. Interest The bank charges its normal rate of interest prevailing on the date. Disbursement Once the beneficiary completes the formalities that the banks set for the project, the loan is released.
Documents Required
Applicants should keep the following documents ready before starting the application:
The applicant's Aadhaar Card
The applicant's Aadhaar Card.
A photograph of the applicant
A photograph of the applicant.
A Residence-cum-Nativity Certificate from the competent authority
A Residence-cum-Nativity Certificate from the competent authority.
Proof of age
Proof of age.
Proof of residence
Proof of residence.
A proposal for the project
A proposal for the project.
How to Apply
Offline Application
Applicants can apply for Motivation of Unemployed Persons to Start Self-employed Enterprises through the offline application process outlined below.
Print out the prescribed format of the application…
Print out the prescribed format of the application form.
Complete all mandatory fields, fix a passport-sized photograph…
Complete all mandatory fields, fix a passport-sized photograph (signed across where needed), and attach copies of each mandatory document (self-attested where needed).
On a working day within office hours, go…
On a working day within office hours, go to the General Manager of the District Industries Centre (Thattanchavady, Puducherry - 605 009, 2248391, 2249392, 2248987, dic_pdy@bsnl.in) and hand the completed, signed form and documents to the authority concerned.
When the application arrives, it is entered in…
When the application arrives, it is entered in the application receipt register and the applicant is given a unique number, which identifies them in all later correspondence and also serves as acknowledgement of receipt. *Applications received are scrutinised, and applicants are called for interview once a quarter. Those who succeed have their applications sent on to the banks concerned for further action.
Official Application & Website
Verify the latest eligibility, dates and instructions before applying.