Sarkari Yojana
Dr. Bhimrao Ambedkar Aarthik Kalyan Yojana
About Dr. Bhimrao Ambedkar Aarthik Kalyan Yojana
Run by the Tribal Welfare and Scheduled Caste (SC) Department of Madhya Pradesh, the Dr. Bhimrao Ambedkar Aarthik Kalyan Yojana backs new self-employment ventures of Scheduled Caste beneficiaries with a 7% yearly interest subsidy on loans for a period of up to 5 years. Projects of any self-employment type costing between ₹10,000 and ₹1 lakh are covered, with dedicated eligibility and assistance rules for SC applicants. Beneficiaries may also take a 12-day online entrepreneurship development training. Eligible projects span the industry (manufacturing), service and business sectors that qualify for CGTMSE bank loan guarantees, financed through Public Sector, Private Sector or Regional Rural Banks registered with CGTMSE as Member Lending Institutions (MLIs).
Scheme Overview
State Government
Individual
Scheme Details
Eligibility Requirements
To qualify for Dr. Bhimrao Ambedkar Aarthik Kalyan Yojana, applicants must satisfy the following conditions:
Applicants must be aged between 18 and 55…
Applicants must be aged between 18 and 55 years.
Applicants must not pay income tax
Applicants must not pay income tax.
Applicants must not have defaulted with any bank…
Applicants must not have defaulted with any bank or financial institution, including an MFI, NBFC, SFB, or PACS.
Applicants must not presently be benefiting from any…
Applicants must not presently be benefiting from any other state or central government self-employment scheme.
Family income is to be calculated using this…
Family income is to be calculated using this definition:
Unmarried applicants: the applicant plus dependent parents.
Married applicants: the applicant, spouse and dependent children (with no age limit for unmarried dependent children).
Benefits Provided
Dr. Bhimrao Ambedkar Aarthik Kalyan Yojana provides the following benefits to eligible applicants:
Loans carry an interest subsidy of 7% for…
Loans carry an interest subsidy of 7% for a maximum of 5 years.
Documents Required
Applicants should keep the following documents ready before starting the application:
The applicant's Aadhaar identity card
The applicant's Aadhaar identity card
A recent passport-size photo
A recent passport-size photo
A document proving residence
A document proving residence
Family ration card (optional)
Family ration card (optional)
Bank account particulars, such as a copy of…
Bank account particulars, such as a copy of the passbook
Caste certificate, where applicable
Caste certificate, where applicable
Proof of age
Proof of age
Birth certificate issued by the Registrar of Births
Birth certificate issued by the Registrar of Births
The applicant's signature
The applicant's signature
Other documents, as may be required
Other documents, as may be required
How to Apply
Offline Application
Applicants can apply for Dr. Bhimrao Ambedkar Aarthik Kalyan Yojana through the offline application process outlined below.
During working hours, go to the Scheduled Caste…
During working hours, go to the Scheduled Caste Welfare Department and ask the authority concerned for a printed copy of the prescribed application form.
Complete every mandatory field, affix a passport-sized photograph…
Complete every mandatory field, affix a passport-sized photograph (signed across if asked), and attach copies of the required documents, self-attesting them where needed.
Lodge the completed and signed form with its…
Lodge the completed and signed form with its documents with the authority, within the set time limit if there is one.
Ask for a receipt or acknowledgement from the…
Ask for a receipt or acknowledgement from the authority receiving your application, showing the date and time of submission and any unique identification number. NOTE: Be sure to apply within the prescribed period, if one has been fixed.
Official Application & Website
Verify the latest eligibility, dates and instructions before applying.