The Karnataka Minority Development Corporation (KMDC) 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 Government schemes for the year 2022-23.
Under the Direct Loan Scheme, the beneficiaries who wish to start their own business or any agriculture related business can avail loans from Rs. 5 lakh to Rs. 20 lakh with 4 to 6 percent interest. Loans can be availed by pledging documents of any land or building the beneficiaries own. The price of the property they own should not be less than the loan amount. Under the Ganga Kalyana Scheme, to avail loan, the beneficiaries must own at least 1.2 hectare to 5 hectare farmland. A borewell worth Rs. 2.25 lakh will be sinked along with installation of pumpset and electricity free of cost for all the Small and Micro-farmers.