Karnataka CM Self Employment Scheme 2024: Apply Online, Eligibility, Benefits, Status

Karnataka CM Mr. Siddaramaiah has launched the Self Employment Scheme to decrease the unemployment rate and develop the nation. Under this scheme, the government has decided to provide subsidized loans to the citizens for their business purposes. Interested applicants can apply online from its official website which is  kmdconline.karnataka.gov.in. One can read the article carefully to know the complete details regarding the scheme and loan approval process.

Karnataka CM Self Employment Scheme 2024

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Everyone wants to have their own business and earn more money, to fulfill the dream of such people and who are financially poor the Karnatka Government has initiated the Self Employment Scheme. Through this scheme, the government will provide loans up to Rs 1 lakh at very low-interest rates. Applicants who have the desire to start their small-scale handicraft industry, service sector, dairy farming, fishing, etc. have a good chance to apply for the scheme.

Post For Karnataka CM Self Employment Scheme 2024
Launched By Karnatka Government
Mode Online
Beneficiaries ST/SC and poor community of the indian citizens.
Objective To promote applicants for self-employment and to decrease the unemployment rate.
Benefit To provide loans at affordable rates.
State Karnataka
Loan Amount Upto Rs 1 lakh
Other Website adijambava.karnataka.gov.in
Official website kmdconline.karnataka.gov.in

Once the application verification process is over the government will transfer the amount to their bank account and have to repay the loan in small installments. The government will regularly come for the inspections and in case your startup fails your loan will be waived by the government.

Self Employment Scheme Karnataka Apply Online

Citizens who belong to Karnatka can apply for the employment scheme from its official website which is   kmdconline.karnataka.gov.in. One can also be involved in the scheme offline mode by visiting the nearest bank branch and submitting the documents.

Applicants with the talent and willpower to buy the business must go for the scheme. The online application form is running, and every day many citizens apply for the scheme and get the benefits.

Benefits of CM Self Employment Scheme Karnataka

  • Applicants will get the loan at a subsidized or at a lower interest rate of 4%.
  • Citizens will get the amount of Rs.1.00 Lakh in which Rs.0.50 Lakh is subsidy and Rs.0.50 Lakh is loan.
  • Applicants will have to pay the interest rate of 4% and have to pay in 30 equal installments.

Karnataka CM Self Employment Scheme Eligibility Criteria

  • Applicants must be citizens of Karnataka.
  • One must belong to the scheduled caste madiga and its related community.
  • Applicants’ ages should be between 21 and above and 50 and below.

Steps To Apply Online For Karnataka CM Self Employment Scheme

To Apply Online For Karnataka CM Self Employment Scheme applicants can follow the steps listed below.

  1. Visit the scheme’s official website which is kmdconline.karnataka.gov.in.
  2. Now click on the Apply Online option.
  3. After that enter your mobile number for the verification process.
  4. Now an application form will open.
  5. Register yourself by entering all the necessary details.
  6. Upload the documents in the given format.
  7. Click on the submit button.
  8. Save the application form for your next use.

Documents Required For CM Self Employment Scheme

  • Applicants Aadhar Card
  • Domecile/Income/Cast Certificate.
  • Passport size photo
  • Bank Passbook
  • PAN Card
  • Mobile Number

Self Employment Direct Loan Scheme Status

  • Go to the official website of the scheme.
  • Now click on the Application Status.
  • After that enter your mobile number for the verification process.
  • Enter your login details.
  • After clicking on the login button the status will be displayed on the screen.

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