Working Capital Loan Scheme

The objective of the scheme is to assist the person who belonging to backward Classes/Minorities to extend their existing business. Beneficiaries who once availed a self employment loan from the Corporation and repaid without dues can avail this loan

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 applicant must belong to any one of the notified Backward Classes/Minorities of the state
2. The annual family income of the applicant must be below Rs 40,000/- in rural area and below Rs 55,000/- in urban areas
3. The age of the 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 60 month is equated monthly installments .