The Karnataka Government has Started Many Government Schemes to Promote Entrepreneurship in the State. The Government aims to Provide Initial Financial Assistance to Eligible Persons to Start Their Businesses. Today we will discuss the Karnataka Swavalambi Sarathi Scheme, under which Financial Assistance is being Provided to Eligible Persons to Become an Entrepreneur. Read this Article to Know more about the Swavalambi Sarathi Scheme Apply Online, Online Application, and Eligibility Criteria.
Karnataka Swavalambi Sarathi Scheme 2024
The Government of Karnataka is dedicated to providing a stage for entrepreneurs of the state to start their income by supporting them with financial assistance From the state’s fund. Under the Karnataka Swavalambi Sarathi Scheme, loans from the Banks for the purchase of Passenger Auto Rickshaw / Goods Vehicle / Taxi will be provided a subsidy of 50% of the value of the vehicle or a maximum subsidy of Rs. 3.00 Lakhs.
Swavalambi Sarathi Scheme Guidelines
- This Scheme is implemented by the corporation in collaboration with nationalized / Scheduled banks.
- Those beneficiaries who are sanctioned/approved for loans from the Banks for the purchase of Passenger Autorickshaws / Goods Vehicle / Taxi will be provided a subsidy of 50% of the value of the vehicle or a maximum subsidy of Rs. 3.00 Lakhs.
- Women will be given priority.
- The vehicle purchased under this scheme should not be sold to others during the tenure of the loan.
- The beneficiary should submit information to the KMDC District Office about the road tax and insurance along with supporting documents.
- If any insurance payment is claimed, the insurance payment details should be shared to the corporation.
- The beneficiary should contribute 10% of the cost of the vehicle.
- The vehicle subsidized through KMDC shall be displayed on the vehicle as “Subsidised by KMDC”.
- The District Manager should certify the “photo of the beneficiary along with the subsidized vehicle” in the file.
- Permits are mandatory for passenger auto rickshaws in urban areas.
Key Highlights
| Scheme Name | Swavalambi Sarathi Scheme |
| State | Karnataka |
| Launched By | KMDCL |
| Category | Karnataka Government Schemes |
| Beneficiaries | Minorities |
| Benefits | 50% of Vehicle |
| Application Mode | Online |
| Official Website | Click Here |
Karnataka Swavalambi Sarathi Scheme Eligibility Criteria
- Applicants must belong to the State Religious Minority Community.
- The applicant must be a permanent resident of the State.
- The age limit of the applicant should be between 18 and 55 years.
- Family income from all sources should be within Rs. 6.00 lakh per annum.
- No member of the applicant’s family should be an employee of the State/Central/ Government Public Sector Units.
- Applicants must possess a relevant driving Licence issued by the Regional Transport Authority.
- Applicant or his/her family members should have not availed of any vehicle loan under any scheme of the State Government.
- The applicant shall not be a loan defaulter in KMDC.A
Swavalambi Sarathi Scheme Documents Required
- Online application
- Beneficiary’s latest 2 passport photographs
- Caste Certificate
- Income certificate
- Bank Passbook
- Aadhaar card copy
- Driving License copy
- An Affidavit from the beneficiary towards non-availment of loan facility under any scheme of the State Government for the purchase of the vehicle by the beneficiary and his/her family members.
- An affidavit towards non-transfer (alienation) of the vehicle obtained under this scheme during the loan period.
- Visit the Official Website of the Karnataka Minorities Development Corporation.
- Click on the Apply Online Button Given on the Homepage.
- Now Enter Your active Mobile Number and Click on the Submit Button.
- Enter Your Details Like Name, Mobile Number, And Address.
- Upload the Required Documents to the Portal.
- Click on the Submit Button to Complete Your Swavalambi Sarathi Scheme Application Form.
- A Confirmation Message with Registration IF will be Delivered to Your Registered Mobile Number.
Karnataka Swavalambi Sarathi Scheme Track Status
- Visit the Official Website of the Karnataka Minorities Development Corporation Limited.
- You Can Track Your Application Status by Mobile Number or Registration Number.
- Enter Your Date of Birth.
- Click on the Track Status Button to check the Status of Your Application.