It is a scheme for Pass out trainees of ITIs/KVKs. To Promote self-employment and develop entrepreneurship skill in trainees.
The loan application given by the trainee is forwarded to the area bank manager of the trainee’s address and with ITI Principal’s recommendation. Later after passing of loan, subsidy bill is made by ITI and subsidy amount is given to bank manager who subsequently gives the subsidy amount in instalment to the trainee.
The Details of Subsidy is as under:
|Sr. No.||Loan Amount (Rs.)||Subsidy Amount (Rs.)|
|1||Up to 1,00,000/-||40% of Loan Amount|
|2||1,00,000/- to 3,00,000/-||Rs. 40,000/-|
|3||3,00,000/- to 5,00,000/-||Rs. 50,000/-|
|4||5,00,000/- to 8,00,000/-||Rs. 60,000/-|
Application Form and Details: Click Here