Karnataka Sharma Shakti Scheme

The Karnataka government has introduced the Shrama Shakti Scheme 2023 to benefit the state’s minority community. Sharma Shakti Yojana is primarily under the jurisdiction of Karnataka Minorities Development Corporation Limited. The scheme would provide the candidates with monetary loans of Rs. 50,000 at an interest of 4%, which they would have to repay in 36 months. It will help the minority community of Karnataka to start their businesses or pursue professions in entrepreneurship.

Objectives of this Loan Scheme

The Sharma Shakti Scheme aims to help unemployed youth in Karnataka progress their careers and create jobs for other youth by encouraging them to start their businesses or become entrepreneurs. Eligible applicants will get a 50,000 rupee loan under this initiative, which they will have to pay back in 36 months. If half of the financing is returned by the candidate, the remaining amount of Rs. 25,000 will be considered the back-end subsidy.

Benefits of the Sharma Shakti Loan Scheme

– The Karnataka Sharma Shakti Yojana help the state’s minority community start their businesses or pursue entrepreneurial careers. – This scheme would provide the candidates with Rs. 50,000 loans at a 4% interest rate, which you should return within 36 months. – Candidates will be taught technical or artistic skills. – If the applicant returns half of the financing, the remaining amount of Rs. 25,000 will be recognized as the back-end subsidy.

Eligibility Criteria for the Scheme

– The candidate must live permanently in the state of Karnataka. – The candidate should be between the ages of 18 and 55. – Their annual financial assistance should not be more than Rs. 3.50 lakh. – The candidate cannot have a history of loan defaults from KMDC. – If any family members are employed by the Central, State, or Government Sector Unit, the individual is not eligible for the program.

Apply for Karnataka Shrama Shakti Scheme

– Visit the official website of Karnataka Minorities Development Corporation Limited. – On the homepage, select the “Shrama Shakti Loan Scheme” option under the “Scheme” section. - After reading information, click on the “E-Services” option. – Next, click on the “Online Application” option. – Click on the “Application Form” option, enter your mobile number and click on the “Verify” button.

Apply for Karnataka Shrama Shakti Scheme

– Now, enter all the required details in the application form.Name Date of Birth Annual income Community – Click on the “Submit” option, and take a printout of it. – Then, attach all the required documents with the form, and submit it to the “District Selection Panel.”

Required Documents for the Scheme

– Passport Size Photo – Aadhaar Card – Income Certificate – Project Report – Surety Self Declaration Form – Self Declaration Form – Bank Account Details – Residence Proof of Karnataka – Online Application Form – Caste Certificate – Minority Certificate


Contact Number 080-22860999 & 080-22861226 Email ID kmdc.ho.info@gmail.com

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