Self-Employment loan scheme for Minority Widows, Divorcees / Abandoned Women
in Kerala
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Self-Employment loan scheme for Minority Widows, Divorcees / Abandoned Women in Kerala
Self-Employment loan scheme for Minority Widows, Divorcees / Abandoned Women is a government scheme available to eligible residents of Kerala.
Apply for Self-Employment loan scheme for Minority Widows, Divorcees / Abandoned Women in Kerala
Scheme Overview
The scheme aims to provide self-employment loans to women from minority communities. Financial assistance with a 20% subsidy is provided to widows, divorced women, and abandoned women from minority communities. The scheme is implemented by the KSMDFC.
Eligibility Criteria
- The applicant must belong to a minority community (Muslim, Christian, Buddhist, Sikh, Parsi, Jain).
- The applicant should be a widow, divorced woman, or abandoned woman.
- The applicant's age should be between 20 and 60 years.
- The applicant's family's annual income should not exceed ₹2,50,000/-.
> **Preference/Priority**
- Priority will be given to mothers of children below 18 years of age.
- Priority will be given to widows from families identified through the extreme poverty identification survey.
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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.
Required Documents
| # | Document |
|---|---|
| 1 | Income Certificate from the Village/Tahsildar. |
| 2 | Caste/Age Certificate (Copy of School Certificate). |
| 3 | Certificate proving the applicant is a widow, divorced, or abandoned woman. |
| 4 | Ration Card. |
| 5 | Aadhaar Card. |
| 6 | Caste/Age Certificate (Copy of School Certificate). |
| 7 | Income Certificate. |
| 8 | Certificate proving the applicant is a widow, divorced, or abandoned woman. |
| 9 | Permanent Residency Certificate. |
| 10 | Copies of the above documents (if not submitted previously). |
| 11 | Salary Certificate of employees (working in government, quasi-government/public sector undertakings/panchayats/municipalities/universities/co-operative banks/aided schools/colleges). |
| 12 | Non-objection certificate (for employees on deputation, from the parent department). |
| 13 | Employment certificate (salary certificate) (only for those providing a guarantee). |
| 14 | Original deed of the property. |
| 15 | Adiadharam/Pattayam. |
| 16 | Property tax receipt for the current financial year. |
| 17 | Possession certificate (from village office). |
| 18 | Non-attachment certificate (from village office). |
| 19 | Property valuation certificate (from village office). |
| 20 | Property location map. |
| 21 | Location certificate (from village office). |
| 22 | Kudikkadam certificate for 14 years (from sub-registrar office). |
| 23 | Other required documents (if advised by the advocate). |
| 24 | Latest Kudikkadam certificate (after signing the agreement, up to the agreement date). |
How to Apply in Kerala
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: 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: 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
Common questions in Kerala
Who can apply for Self-Employment loan scheme for Minority Widows, Divorcees / Abandoned Women in Kerala?
Eligible residents of Kerala who meet the scheme’s overall criteria can apply for Self-Employment loan scheme for Minority Widows, Divorcees / Abandoned Women. Refer to the eligibility section above for the complete checklist.
What documents are required for Self-Employment loan scheme for Minority Widows, Divorcees / Abandoned Women in Kerala?
Applicants in Kerala typically need identity proof (Aadhaar), state residency proof, bank account details, and any scheme-specific documents listed in the documents section.
Frequently Asked Questions
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>