Madhya Pradesh Sant Ravidas Swarojgar Yojana

Scheme Introduction: A Brief Overview

The Madhya Pradesh Sant Ravidas Swarojgar Yojana is a self-employment promotion scheme launched by the Government of Madhya Pradesh for Scheduled Caste (SC) youth, aspiring entrepreneurs, and individuals seeking self-employment opportunities. Under the scheme, eligible beneficiaries can obtain bank loan assistance to establish new manufacturing units, service enterprises, or business ventures. In addition to loan support, the Government provides a 5% interest subsidy on eligible loans and also offers entrepreneurship development training to help beneficiaries successfully manage their businesses.

Under the scheme, eligible applicants can obtain bank loan assistance ranging from ₹1 lakh to ₹50 lakh for establishing new self-employment ventures. Applicants planning to establish a manufacturing unit can avail financial assistance of up to ₹50 lakh, while shop, trade, and service-based businesses can obtain loan assistance for projects with a cost of up to ₹25 lakh. Beneficiaries who repay their loan instalments regularly are also eligible for a 5% annual interest subsidy for a maximum period of seven years, including the moratorium period. Applicants looking to start a small business with a project cost below ₹1 lakh may consider applying under the Madhya Pradesh Dr Bhimrao Ambedkar Arthik Kalyan Yojana, which provides loan assistance ranging from ₹10,000 to ₹1 lakh for eligible beneficiaries.

To avail the benefits of the scheme, the applicant must be a permanent resident of Madhya Pradesh and belong to the Scheduled Caste (SC) category. The applicant should be between 18 and 40 years of age, have passed at least Class 8th, and have an annual family income not exceeding ₹12 lakh. The scheme is available only for establishing a new industry, service unit, or business venture within Madhya Pradesh. Applicants who are bank defaulters or are already receiving benefits under another self-employment scheme of the Central or State Government are not eligible to apply.

Applications for Madhya Pradesh Sant Ravidas Swarojgar Yojana can be submitted online through the SAMAST Portal of the Government of Madhya Pradesh. After submission, the concerned department and participating bank verify the application, project details, and supporting documents. Eligible applicants are provided loan assistance along with interest subsidy and other benefits available under the scheme.

Scheme Benefits

• The scheme helps eligible Scheduled Caste (SC) entrepreneurs obtain financial assistance for starting a new self-employment venture.
• Bank loans are provided for establishing new manufacturing units, service enterprises, or business activities.
• Beneficiaries receive an interest subsidy of 5% per annum on eligible term loans and working capital loans.
• The interest subsidy benefit is available for a maximum period of 7 years, including the moratorium period.
• Only beneficiaries who repay their loan instalments regularly can continue to receive the interest subsidy benefit.
• The State Government bears the CGTMSE Guarantee Fee for eligible projects covered under the scheme.
• Beneficiaries are also provided with Entrepreneurship Development Training (EDP) to help them successfully establish and manage their businesses.
• The scheme aims to promote entrepreneurship and create sustainable self-employment opportunities for Scheduled Caste youth in Madhya Pradesh.

Loan Assistance Details

The final loan amount will be determined based on the project cost, bank appraisal, and the provisions of the scheme.

Eligibility Requirements

• The applicant must be a permanent resident of Madhya Pradesh.
• The applicant must belong to the Scheduled Caste (SC) category.
• The applicant must be between 18 and 40 years of age.
• The applicant must have passed at least Class 8th (earlier it was Class 12th).
• The annual family income should not exceed ₹12 lakh.
• The applicant should not be a defaulter of any bank, financial institution, MFI, NBFC, Small Finance Bank, or any other lending institution.
• The applicant should not be a beneficiary of any other self-employment scheme operated by the Central Government or State Government.
• Only applicants proposing to establish a new manufacturing unit, service enterprise, or business venture are eligible under the scheme.
• The proposed industry, business, or service unit must be established within Madhya Pradesh.
• An applicant can avail assistance under the scheme only once.

Required Documents

• Aadhaar Card.
• Domicile Certificate (proof of being a resident of Madhya Pradesh).
• Scheduled Caste (SC) Caste Certificate.
• Samagra ID.
• Income Certificate.
• Proof of Age (Birth Certificate, School Certificate, or any other valid document).
• Educational Qualification Certificate (as per the prevailing scheme guidelines).
• Recent Passport-Size Photograph.
• PAN Card.
• Copy of Bank Passbook.
• Mobile Number and Email ID.
• Project Report for the proposed business/enterprise.
• Any other documents required by the bank or the concerned department.

Steps to Apply

Applications for Sant Ravidas Swarojgar Yojana can be submitted online through the SAMAST (Single Window System for Bank-Financed Schemes) Portal of the Government of Madhya Pradesh.

• Visit the official SAMAST Portal and click on the "Apply Now" option.
• Create a new applicant profile by selecting the "Create New Profile" option.
• Complete the registration process by providing the required personal information.
• Log in to the portal using the registered mobile number and date of birth.
• Choose Sant Ravidas Swarojgar Yojana from the list of available schemes.
• Enter the required personal, educational, income, and business-related details in the application form.
• Upload scanned copies of all required documents.
• Verify the information entered and submit the application online.
• The concerned department and the participating bank will examine the application and supporting documents.
• Applications found eligible during verification will be processed for loan sanction and other formalities.
• After approval, beneficiaries can avail loan assistance, interest subsidy, and other benefits available under the scheme.

Relevant Links

• Madhya Pradesh Sant Ravidas Swarojgar Yojana Online Application Form
• Madhya Pradesh Sant Ravidas Swarojgar Yojana Registration
• Madhya Pradesh Sant Ravidas Swarojgar Yojana Login
• Madhya Pradesh Sant Ravidas Swarojgar Yojana Application Status
• Madhya Pradesh Scheduled Caste Development Portal
• Madhya Pradesh Cooperative Department Portal
• Madhya Pradesh Sant Ravidas Swarojgar Yojana Guidelines

Contact Information

• Scheduled Caste Welfare Department Helpline Number: 0755-2551265
• Scheduled Caste Welfare Department Email Helpdesk: [email protected]