Self-Employment loan scheme for Minority Widows, Divorcees / Abandoned Women

Description
The scheme "Self-Employment loan scheme for Minority Widows, Divorcees / Abandoned Women" was introduced by the State Minority Welfare Department, Government of Kerala. The scheme aims to provide self-employment loans to women from minority communities. Through this scheme, government financial assistance with a 20% subsidy is provided to widows, divorced women, and abandoned women from minority communities. The scheme is implemented by the Kerala State Minority Development Finance Corporation.

Exclusions
• The following types of land are not accepted as collateral: Kuzhikanam, Verumpattom, Devaswam Verumpattom, pledged land, and agricultural fields (if patta is not received).
• Residential land less than 4 cents will not be accepted as collateral.

Benefits
• Financial assistance of up to ₹1,00,000/- as a government subsidy.
• Maximum loan amount of ₹5,00,000/-.
• The interest rate on the loan amount (excluding subsidy) is 6%.
• A 20% subsidy (maximum ₹1,00,000/-) is provided on the loan amount.
• For a loan amount of ₹1,00,000/-, the subsidy is ₹20,000/-.
• For a loan amount of ₹2,00,000/-, the subsidy is ₹40,000/-.
• For a loan amount of ₹3,00,000/-, the subsidy is ₹60,000/-.
• For a loan amount of ₹4,00,000/-, the subsidy is ₹80,000.
• For a loan amount of ₹5,00,000/-, the subsidy is ₹1,00,000/-.
• *At each stage of disbursement, photos and bills must be submitted.
• *Direct inspection will be conducted at each stage of disbursement.
• *An additional interest of 6% will be charged for misuse of funds.

Eligibility Criteria
1. - The applicant must belong to a minority community (Muslim, Christian, Buddhist, Sikh, Parsi, Jain).
2. - The applicant should be a widow, divorced woman, or abandoned woman.
3. - The applicant's age should be between 20 and 60 years.
4. - The applicant's family's annual income should not exceed ₹2,50,000/-.
5. > **Preference/Priority**
6. - Priority will be given to mothers of children below 18 years of age.
7. - Priority will be given to widows from families identified through the extreme poverty identification survey.
8. <br>

Application Process
Step 1: Step 1: Visit the official website of the Directorate of Minority Affairs and check on "News & Updates". Select the "Self-Employment loan scheme for Minority Widows, Divorcees / Abandoned Women" and obtain the application form.
Offline
Step 1: Visit the official website of the Directorate of Minority Affairs and check on "News & Updates". Select the "Self-Employment loan scheme for Minority Widows, Divorcees / Abandoned Women" and obtain the application form.

Step 2: Step 2: Attach the required copies of documents (Income Certificate, Caste/Age Certificate, Certificate proving applicant is a widow/divorced/abandoned woman) for primary verification.
Offline
Step 2: Attach the required copies of documents (Income Certificate, Caste/Age Certificate, Certificate proving applicant is a widow/divorced/abandoned woman) for primary verification.

Step 3: Step 3: Submit the filled application form, either directly or by post, to the respective Regional Office of the Kerala State Minority Development Finance Corporation in your district.
Offline
*Attend the interview, bringing all original documents mentioned in the "Documents Required - For Interview" section.
*If the loan is approved, submit the additional required documents as per the chosen guarantee type (officer guarantee or property guarantee).
*The loan will be sanctioned as per the Corporation's rules and government regulations

Required Documents
• Income Certificate from the Village/Tahsildar.
• Caste/Age Certificate (Copy of School Certificate).
• Certificate proving the applicant is a widow, divorced, or abandoned woman.
• Ration Card.
• Aadhaar Card.
• Caste/Age Certificate (Copy of School Certificate).
• Income Certificate.
• Certificate proving the applicant is a widow, divorced, or abandoned woman.
• Permanent Residency Certificate.
• Copies of the above documents (if not submitted previously).
• Salary Certificate of employees (working in government, quasi-government/public sector undertakings/panchayats/municipalities/universities/co-operative banks/aided schools/colleges).
• Non-objection certificate (for employees on deputation, from the parent department).
• Employment certificate (salary certificate) (only for those providing a guarantee).
• Original deed of the property.
• Adiadharam/Pattayam.
• Property tax receipt for the current financial year.
• Possession certificate (from village office).
• Non-attachment certificate (from village office).
• Property valuation certificate (from village office).
• Property location map.
• Location certificate (from village office).
• Kudikkadam certificate for 14 years (from sub-registrar office).
• Other required documents (if advised by the advocate).
• Latest Kudikkadam certificate (after signing the agreement, up to the agreement date).

Frequently Asked Questions
Q: What is this scheme for, and what kind of support does it offer?
A: This scheme is for widowed, divorced, and abandoned women to apply for a self-employment loan with a subsidy of up to one lakh rupees from KSMDFC. The scheme aims to help women from specific minority communities start their own businesses.
<br>

Q: Which communities are eligible to apply for this self-employment loan scheme?
A: This scheme is exclusively for women belonging to the Muslim, Christian, Buddhist, Sikh, Parsi, and Jain communities.
<br>

Q: What is the maximum subsidy amount I can receive on the loan?
A: The maximum subsidy available under this scheme is one lakh rupees.
<br>

Q: What personal details do I need to provide in the application form?
A: You need to provide your name, father&#39;s name, age, date of birth, address (house name, place, post office, village, panchayat/block/municipality, house number, ward number, PIN), telephone number, Aadhaar card number, and email.
<br>

Q: What information is required regarding my educational background and family income?
A: You need to provide your educational qualification and your family&#39;s annual income, with the amount written in figures.
<br>

Q: What information is required regarding my educational background and family income?
A: You need to provide your educational qualification and your family&#39;s annual income, with the amount written in figures.
<br>

Q: What details should I provide about the proposed project and the loan amount needed?
A: You should briefly describe the project, specify the total amount required, the amount you have in hand, and the loan amount you are requesting.
<br>

Q: Will the application form ask if I or my family members have previously taken a loan from KSMDFC?
A: Yes, the form asks if you or your family members have taken a loan from KSMDFC, and if so, to provide detailed information.
<br>

Q: Do I need to disclose if I have taken loans from other government or private institutions?
A: Yes, you need to indicate if you have taken loans from the government or other institutions, and provide detailed information if you have.
<br>

Q: What information is required if I or my parents own land?
A: If you or your mother/father owns land, you need to provide details such as the owner&#39;s name, type of land (nilam/purayidam), area, survey number, village, taluk, district, and other sources of income from it, like agriculture or employment.
<br>

Q: What kind of information is required about the guarantor's property?
A: If property is used as collateral, details such as the owner&#39;s name, type of land (nilam/purayidam), area, survey number, village, taluk, and other income sources from it, like agriculture or employment, are required.
<br>

Q: What original documents must I bring when I attend the interview?
A: You must bring your original Ration Card, Aadhaar Card, Caste/Age certificate (copy of school certificate), Income Certificate, Certificate proving you are a widow, divorced, or abandoned woman, and Permanent Residence Certificate.
<br>