Chief Minister Shivraj Singh Chouhan had announced three new schemes namely Sant Ravidas Swarozgar Yojana, Bhimrao Ambedkar Economic Welfare Scheme and Mukhya Mantri Anusuchit Jati Vishesh Pariyojana Vitta Poshan Yojana to provide more opportunities for self-employment to the Scheduled Castes in the state on the last Ambedkar Jayanti. In just 13 days, the state government has implemented the announcement of Chief Minister Chouhan and got it approved by the Cabinet.
Under the scheme, projects ranging from Rs one lakh to R 50 lakh for manufacturing activities and Rs one lakh to Rs 25 lakh for service/business will be approved. Interest subsidy will be given on the loan at the rate of 5 percent per annum. The Corporation will bear the Bank Loan Guarantee Fee at the prevailing rate for a maximum period of 7 years. The annual income of the family for this scheme should not exceed Rs.12 lakhs. Training facility will be made available to the interested candidates. Rs 209 crore 40 lakh are likely to be spent in the scheme in 5 years.
Under the scheme, projects ranging from Rs 10,000 to Rs 1 lakh will be sanctioned for all types of self-employment activities. Interest subsidy will be given on the loan at the rate of 7 percent per annum. In addition, the corporation will bear the bank loan guarantee fee at the prevailing rate for a maximum period of 5 years.
Under the scheme, projects up to a maximum of Rs 2 crore can be approved on the proposals received from various line departments/corporations/district collectors. Based on the recommendation of the committee constituted under the chairmanship of the Chief Secretary, the said amount will be given as a grant. In the scheme, it will be mandatory for at least three-fourth beneficiaries to be from the Scheduled Caste category.
MP State Co-operative Scheduled Castes Finance and Development Corporation is the nodal agency for the implementation of all three schemes.