The West Bengal Government has launched a new scheme named as Karma Sathi Prakalpa for the unemployed youths of West Bengal. The main objective of this project is to help the unemployed youth to start their own business. The government will encourage youths with up to 2 lacs rupees for the startup business.
In the same way people can take up to 200000 rupees loan to start their own business. The loan interest will be very much comparatively lower with this scheme. Primarily the government has allotted 500 crore rupees for this project in West Bengal.
Previously, The government has named this project in the budget of the current year. Now it is going to be officially launched by the West Bengal Government.
Here are all the details about how to apply and get your startup money to start your business with this Karma Sathi Prakalpa.
Advantages of Karma Sathi Prakalpa
In every year mostly one lac unemployed youth are going to be benefited with this scheme. They all may get up to 2 lacs rupees to stand with their business.
This is really going to be a big advantage for all small and medium startup businesses.
Who can apply for Karma Sathi Prakalpa?
This project is made for the entire Bengal. Hence a permanent resident of West Bengal may get this benefit easily. Anyone who has registered their name in employment Bank may get more for preferences for this Karma Sathi Prakalpa scheme.
People must have to remember that only one candidate from a family will be eligible for this scheme.
To apply for this scheme the minimum age must have to be 18 and the maximum age should be 50. This is the age criteria to get the advantage of Karma Sathi Prakalpa.
The minimum educational qualification of the applicant should be 8th pass. Without having this qualification, people will not be able to get the advantage for their business.
Needful documents for Karma Sathi Prakalpa
What are the documents that are very much needed for this scheme, listed below:
- Identity card is required.
- Residential proof is required.
- Educational certificate is required.
- Age proof is required.
- Caste certificate is required if any.
- A report of business planning is required.
How much amount is required from the applicant to be eligible for this process?
The candidate must have the marginal percentage amount to be eligible with this scheme.
Up to the loan of 50000 rupees, the applicant must have to arrange 5 percent of the amount to get the advantage of this Karma Sathi Prakalpa scheme.
Up to the loan of 200000 rupees the applicant must have to arrange 10 percent of the amount to be eligible with the Karma Sathi Prakalpa scheme.
In the beginning the 15% of the project amount will be given as subsidy to all small and medium business startup owners. Rest amount will be given with a very low interest through State cooperative Bank.
How to apply for Karma Sathi Prakalpa
The applicant has to apply for the particular scheme. If the application gets accepted by the issuing authority then the subsidy amount and the loan amount will be transferred to the candidate’s bank account.
The amount will be given in 2 phases. After getting the amount in phase 1, the applicant must have to submit the spending details to the issuing authority to get the amount for phase 2.
How to submit the documents for Karma Sathi Prakalpa?
This process is already launched in offline mode. Also it may start online very soon.
- In the case of a village area the candidate must submit the documents to the BDO.
- In the case of town area the candidate must have to submit the documents to the SDO.
- The candidate of Kolkata must have to submit the documents to the Kolkata municipal corporation.
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To apply for the Karma Sathi Prakalpa, you need to download Karma Sathi Prakalpa Application Form.
These are very needful information you need to keep in mind while applying for the Karma Sathi Prakalpa for your business.