Mysore/Mysuru: The Karnataka Minority Development Corporation (KMDC) Ltd. has invited online applications from eligible persons belonging to Minority communities such as Muslim, Sikh, Christian, Jain, Buddhist, Anglo Indian and Parsi, for availing loans and subsidies under various welfare schemes for the year 2020-21.

Under the self-employment scheme, the beneficiaries can avail loan up to Rs. 1 lakh, with 50 percent subsidy. Small and Micro farmers can avail loans up to Rs. 2 lakh under Ganga Kalyana Scheme for digging of borewells.

Occupational workers can avail loans of Rs. 25,000 and Rs. 50,000 for pursuing their vocation under Sharmashakti Scheme.

Under the Micro Credit Scheme for Self Help Groups (SHGs), members of SHGs can avail loan of Rs. 10,000 with Rs. 5,000 as subsidy. Under the Animal Husbandry Promotion Scheme, women from rural areas can avail loan of Rs. 40,000 for cattle, sheep rearing, poultry farming etc.

Under the Minorities Welfare Scheme, the beneficiaries can avail loan up to Rs. 1 lakh, with Rs. 50,000 as subsidy.

Also, Rs. 4.5 lakh to Rs. 7 lakh  will be extended as loan to the beneficiaries for purchase of Taxis/ Goods Vehicles in association with Banks, with a maximum subsidy of Rs. 75,000.

Under the House Construction Loan Scheme, the beneficiaries will be extended loan up to Rs. 1 lakh with rate of Interest at 4 percent.

Under the Automobile Service Loan Scheme, the beneficiaries will be extended loans ranging from Rs. 2 lakh to Rs. 5 lakh, with a maximum subsidy of Rs. 1.25 lakh.

Under the Micro Lending Scheme, only poor women in the age group of 25 to 50 years from Minority communities having BPL cards, who are facing a lot of hardship due to loss of income on account of COVID-19 crisis, can avail a working capital of Rs. 10,000 along with subsidy for running small businesses.

The applicants for all the above loan and subsidy  schemes should be aged between 18 and 45-55 years, with annual income not exceeding Rs. 81,000 for applicants from rural areas and Rs. 1,03,000 for applicants from urban areas. 

The last date to apply online is Dec. 10. The applications can be filed on KMDC website: www.kmdc.kar.nic.in/loan/login.aspx and a printout of the filled-in application, along with other relevant documents, must be submitted at the office of the District Manager, Karnataka Minorities Development Corporation, First Floor, Maulana Azad Bhavan, next to Shobha Garden, Mysuru-Bengaluru Main Road, Subhashnagar, Mysuru, before Dec. 21.  

For details, contact Ph: 0821-2430080 or log on: https://kmdc micro.karnataka.gov.in/