Suvarna Sree Loan Scheme

The Objectives of the Scheme is to assist the person who belonging to other Backward Classes Minorities to meet their various needs like purchase of land, two wheeler consumer Durables, computer ,Machineries ,House maintenance ,of Implementing bio gas plant ,Garbage plant etc

Quantum of Loan
This Scheme is an own fund scheme of the corporation .Maximum loan amount available under the Scheme is Rs 50,000/-(Rupees fifty thousand only)per beneficiary

Eligibility
1. The application must belong to any one of the notified backward class/Minorities of the state.
2. The annual Family income of the application must be below Rs 40,000/- I rural areas And below Rs 55,000/-in urban areas.
3. The age of t he applicant should be between 18 and 55 years.

Rate of interest and repayment
The rate of interest is 8%.The entire loan amount shall be repaid to KSBCDC within a period of not exceeding 72 months in equated monthly installment .