Personal Interest Subsidy Scheme
in Uttarakhand
Last updated:
Personal Interest Subsidy Scheme in Uttarakhand
Personal Interest Subsidy Scheme is a government scheme available to eligible residents of Uttarakhand.
Apply for Personal Interest Subsidy Scheme in Uttarakhand
Scheme Overview
The scheme aims to support rural entrepreneurs in setting up industries using local resources. Through this scheme, interest subsidy on bank-financed projects up to ₹5,00,000 is provided.
Eligibility Criteria
The applicant should be between 18 and 45 years of age.
The applicant should be a permanent resident of Uttarakhand.
The applicant should be an educated unemployed youth who is no longer eligible for government service due to the age limit. Or, the applicant should be trained by an Industrial Training Institute (ITI) or a Polytechnic.
The applicant should be a woman interested in self-employment.
The applicant should have passed Vocational Education (10+2 level) with Village Industries as a subject.
The applicant should establish the project in a rural area.
Benefits
The project is financed up to a maximum cost of ₹5,00,000 through bank support.
The entrepreneur is required to bear 4% interest on the bank-financed amount.
The Government bears up to 10% of the differential interest amount over and above what the entrepreneur pays.
Required Documents
| # | Document |
|---|---|
| 1 | Passport Size Photo |
| 2 | Permanent Residence Certificate |
| 3 | Photo Identity Proof |
| 4 | Address Proof |
| 5 | Caste Certificate |
| 6 | Project Report |
| 7 | Certificate Issued by Village Head (as per prescribed format) |
| 8 | Consent Letter from the Concerned Bank Branch |
| 9 | Educational or Technical Qualification Certificates |
| 10 | Affidavit on ₹20 Non-Judicial Stamp Paper |
How to Apply in Uttarakhand
Step 1: Visit the Official Website:
Offline Go to the official website of the Uttarakhand State Khadi and Village Industries Board.
Step 2: Navigate to the Scheme Page:
Offline From the homepage, click on the “Schemes” section in the menu and select “Personal Interest Subsidy Scheme”.
Step 3: Download the Forms:
Offline Download the following forms from the scheme page: Application Form: Download Application Form (PDF) Claim Form: Download Claim Form (PDF)
Step 4: Fill and Submit the Forms
Offline Fill in the required details in the Application Form and attach all necessary documents. Submit the completed form along with documents to your District Village Industries Office.
Common questions in Uttarakhand
Who can apply for Personal Interest Subsidy Scheme in Uttarakhand?
Eligible residents of Uttarakhand who meet the scheme’s overall criteria can apply for Personal Interest Subsidy Scheme. Refer to the eligibility section above for the complete checklist.
What documents are required for Personal Interest Subsidy Scheme in Uttarakhand?
Applicants in Uttarakhand typically need identity proof (Aadhaar), state residency proof, bank account details, and any scheme-specific documents listed in the documents section.
Frequently Asked Questions
The scheme is called "व्यक्तिगत ब्याज उपादान योजना" (Personal Interest Subsidy Scheme) and is operated under the district plan by the Government of Uttarakhand.