Information about the Scheme:

The Sant Ravi Das Swarojgaar Yojana under the Tribal Welfare and SC Department, Madhya Pradesh, provides funding for manufacturing units (₹1 lakh to ₹50 lakh) and service/retail trade projects (₹1 lakh to ₹25 lakh) for Scheduled Caste applicants. Scheduled Caste beneficiaries can receive a 5% annual interest subsidy on Term and Working Capital Loans for up to 7 years, including the moratorium period. Beneficiaries can also avail a 12-day entrepreneurship development training through an online training module.

Benefits:

Scheduled Caste beneficiaries can receive a 5% annual interest subsidy on Term and Working Capital Loans for up to 7 years, including the moratorium period.
The subsidy is provided on the condition of regular loan repayment as per the prescribed schedule.

Eligibility Criteria for Availing the Benefits:

1. Age: 18 to 40 years.
2. Educational Qualification: 12th pass.
3. Additional Criteria:
   The applicant should be a resident of Madhya Pradesh.
   The applicant should be belong to Scheduled Caste category.
   The applicant's annual family income should not exceed ₹12.00 lakhs.
   The applicant should not be a defaulter of any bank or financial institution, including MFI, NBFC, SFB, or PACS.
   The applicant should not currently be a beneficiary of any other self-employment scheme of the state or central government.
   Family Definition:
   • If unmarried: The applicant and dependent parents.
   • If married: The applicant, spouse, and dependent children (no age bar for dependent, unmarried children).

Exclusions:

1. The applicant should not be a defaulter of any bank or financial institution, including MFI, NBFC, SFB, or PACS.
2. The applicant should not currently be a beneficiary of any other self-employment scheme from the state or central government.

Procedure to Avail the Benefits of the Scheme:

Offline

1. Step 1: The interested applicant should visit (during office hours) the Scheduled Caste Welfare Department Office , and request the hard copy of the prescribed format of the application form from the concerned authority.
2. Step 2: In the application form, fill in all the mandatory fields, paste the passport-sized photograph (signed across, if required), and attach copies of all the mandatory documents (self-attest, if required).
3. Step 3: Submit the duly filled and signed application form along with the documents, within the prescribed period (if any), to the authority.
4. Step 4: Request a receipt or acknowledgement from the concerned authority to whom the application has been submitted. Ensure that the receipt contains essential details such as the date and time of submission, and a unique identification number (if applicable).
5. NOTE: Ensure that the application is submitted within the prescribed period, if any.

Documents Required:

1. Aadhaar Card
2. Proof of identity and residence.
3. Caste Certificate
4. Income Certificate
5. Educational Qualification Certificate
6. Bank Account Details
7. Project Proposal
8. Loan Sanction Letter
9. Photographs

Source: https://www.myscheme.gov.in/schemes/srdsy