The Dr. Bhimrao Ambedkar Aarthik Kalyan Yojana is a self-employment promotion scheme by the Tribal Welfare and Scheduled Caste Department of Madhya Pradesh. This scheme aims to financially empower members of the Scheduled Caste (SC) community through interest-subsidized loans for launching businesses in manufacturing, service, or trade sectors. It includes provisions for training, bank loan support, and a 7% annual interest subsidy for up to five years.
Key Highlights of MP Aarthik Kalyan Yojana
• Scheme Name: Dr. Bhimrao Ambedkar Aarthik Kalyan Yojana
• Launched by: Scheduled Caste Welfare Department, Government of Madhya Pradesh
• Target Beneficiaries: Scheduled Caste individuals
• Loan Limit: ₹10,000 to ₹1,00,000
• Subsidy: 7% annual interest subsidy for up to 5 years
• Training: 12-day online Entrepreneurship Development Program (EDP)
• Application Mode: Offline
• Loan Type: Bank loans under CGTMSE through MLIs (Public/Private Sector or RRBs)
Benefits of the Scheme
• 7% annual interest subsidy for a maximum period of 5 years
• Financial support for projects between ₹10,000 and ₹1,00,000
• Assistance available for projects in manufacturing, services, and business sectors
• Loans supported through CGTMSE loan guarantees
• 12-day online entrepreneurship training provided for beneficiaries
Eligibility Criteria
• Age: 18 to 55 years
• Must belong to the Scheduled Caste (SC) category
• Should not be an income tax payer
• Must not be a defaulter with any bank or financial institution (MFI, NBFC, PACS, SFB, etc.)
• Must not be a current beneficiary under any other Central/State self-employment scheme
• Family Income Calculation:
• If unmarried: Includes income of applicant + dependent parents
• If married: Includes income of applicant + spouse + dependent children (irrespective of age if unmarried)
How to Apply – Offline Process
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Visit the Scheduled Caste Welfare Department during office hours
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Collect the prescribed application form from the concerned officer
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Fill in all required details, paste a passport-sized photo, and attach self-attested documents
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Submit the form along with documents to the department before the deadline
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Obtain a receipt or acknowledgement for the submission (with date/time/ID number if applicable)
Necessary Documents for Application
• Aadhaar Card
• Passport-size Photograph
• Proof of Residence (Electricity Bill, Voter ID, etc.)
• Ration Card (optional)
• Caste Certificate (Scheduled Caste)
• Age Proof (Birth Certificate/10th Certificate)
• Signature Specimen
• Bank Account Details (Copy of passbook)
• Any additional document as required by authorities
Frequently Asked Questions (FAQs)
Q: Who is eligible for the scheme?
Only Scheduled Caste individuals aged 18–55 who meet the income and employment criteria.
Q: What is the income eligibility?
Applicants should not be income tax payers and must fall within the specified family income criteria.
Q: Can married individuals apply?
Yes, both unmarried and married individuals are eligible with corresponding family income definitions.
Q: What types of projects are supported?
Any self-employment venture in industry (manufacturing), service, or business sectors.
Q: What is the project funding limit?
Loan amounts between ₹10,000 and ₹1,00,000 are eligible.
Q: What is the subsidy offered?
A 7% annual interest subsidy for a period of up to 5 years.
Q: Can someone who is part of another government scheme apply?
No, the applicant should not be a beneficiary of any other self-employment scheme.
Q: Are there specific banks that provide loans under this scheme?
Yes, loans are provided through Public Sector Banks, Private Sector Banks, and Regional Rural Banks (RRBs) registered under CGTMSE.
Q: Is collateral required?
No, loans are guaranteed under CGTMSE, so collateral is not mandatory.
Q: Is training provided?
Yes, a 12-day online entrepreneurship training is included as part of the scheme.
References & Important Links
• Official Guidelines – Scheduled Caste Welfare Department, Madhya Pradesh
• CGTMSE Member Lending Institutions List
• Entrepreneurship Development Training Modules
