Madhya Pradesh Tantya Mama Economic Welfare Scheme

Scheme Introduction: A Brief Overview

The Tantya Mama Economic Welfare Scheme is a self-employment scheme launched by the Madhya Pradesh Tribal Finance and Development Corporation to encourage entrepreneurship and improve the economic condition of the Scheduled Tribe (ST) community in the state. Many aspiring tribal entrepreneurs face difficulties in starting a business due to limited access to affordable finance.

To address this challenge, the scheme provides bank loans ranging from ₹10,000 to ₹1 lakh for establishing new enterprises in the manufacturing, service, and trading sectors. In addition to financial assistance, the government offers an interest subsidy of 7% per annum on the outstanding loan amount for up to five years (including the moratorium period), provided the beneficiary repays the loan regularly. The scheme is available only to eligible ST residents of Madhya Pradesh and aims to make institutional credit more affordable while promoting sustainable self-employment. By supporting small business ventures and reducing the cost of borrowing, the scheme seeks to create livelihood opportunities, encourage financial independence, and contribute to the overall socio-economic development of tribal communities across the state.

Entrepreneurs seeking additional government support can also explore the Madhya Pradesh Pichhda Varg Tatha Alpsankhyak Udyam Yojana, Swarojgar Yojana, and Mukhyamantri Vimukt Ghumantu aur Ardh Ghumantu Swarojgar Yojana, which offer financial assistance for self-employment and business development.

Objectives

The scheme aims to:

• Promote self-employment among Scheduled Tribe beneficiaries.
• Encourage the establishment of new business ventures.
• Improve the economic condition of tribal families.
• Increase access to affordable institutional credit.
• Reduce the interest burden through government support.
• Generate sustainable livelihood opportunities in Madhya Pradesh.

Scheme Benefits

Eligible beneficiaries receive the following benefits under the scheme:

• Bank loan ranging from ₹10,000 to ₹1 lakh for self-employment projects.
• 7% annual interest subsidy on the outstanding Term Loan and Working Capital Loan.
• Interest subsidy is available for up to 5 years, including the moratorium period.
• Financial support is available for businesses in the manufacturing, service, and trading sectors.
• Encourages tribal entrepreneurs to establish new income-generating enterprises.

Financial Assistance

Eligibility Requirements

• Must be a permanent resident of Madhya Pradesh.
• Must belong to the Scheduled Tribe (ST) category.
• A valid Scheduled Tribe Certificate issued by the competent authority is mandatory.
• Applicant's age should be between 18 and 55 years on the date of application.
• Must not be a defaulter of any nationalized bank, financial institution, or cooperative bank.
• Applicants already receiving assistance under any other government self-employment scheme are not eligible.
• Assistance under this scheme can be availed only once.
• The proposed business must be established within Madhya Pradesh.

Eligible Business Activities

Financial assistance is available for enterprises in:

• Manufacturing sector
• Service sector
• Trading/Business sector

Required Documents

• Duly filled application form
• Aadhaar Card
• Permanent Residence Certificate
• Scheduled Tribe (ST) Certificate
• Age Proof
• Passport-size photographs
• Bank Account Details
• PAN Card (if applicable)
• Business/Project Proposal
• Income Certificate (if required)
• Any other documents prescribed by the implementing authority

Steps to Apply

• Apply through SAMAST portal
  • To apply for the Madhya Pradesh Tantya Mama Economic Welfare Scheme, applicants must first register on the Samast Ploortal.
• Step 1: Register on the Samast Portal
• Visit the Samast Portal and create your account by providing the following details:
  • Full Name
  • Date of Birth
  • Gender
  • Caste
  • Parent's/Guardian's Name
  • Mobile Number
  • Email ID
• Step 2: Log in to Your Account
  • Once your registration is complete, log in to the portal using your registered mobile number and date of birth.
• Step 3: Select the Scheme
  • After logging in, go to the list of available schemes and select Madhya Pradesh Tantya Mama Economic Welfare Scheme.
• Step 4: Fill Out the Application Form
  • Enter all the required information carefully in the online application form.
• Step 5: Upload the Required Documents
  • Upload all the necessary documents in the prescribed format on the portal.
• Step 6: Submit the Application
  • Review the information entered and submit your application online.
• Step 7: Verification of Application
  • The concerned authorities will verify your application and the uploaded documents.
• Step 8: Approval and Benefit
  • If your application is found eligible after verification, you will be selected under the scheme and the benefits will be provided as per the scheme guidelines.

Loan Processing Through Bank

• The bank evaluates the project proposal and applicant's eligibility.
• Upon approval, the bank sanctions the loan.
• The government provides 7% interest subsidy on the outstanding loan amount.
• Interest subsidy is released only if the borrower repays the loan regularly.

Post-Application Process

After submission:

• Documents are verified by the concerned department.
• Eligible applications are recommended to the financing bank.
• The bank conducts financial appraisal.
• Approved loans are disbursed.
• Interest subsidy is provided as per the scheme guidelines.

Beneficiary Selection Process

Beneficiaries are selected based on:

• Fulfilment of eligibility criteria.
• Verification of Scheduled Tribe status.
• Successful document verification.
• Approval of the proposed project.
• Loan sanction by the financing bank.

Important Conditions

• The business must be established within Madhya Pradesh.
• Only Scheduled Tribe beneficiaries are eligible.
• The applicant must not be a loan defaulter.
• Regular repayment of the loan is mandatory to receive the interest subsidy.
• Applicants already benefiting from another government self-employment scheme cannot avail this scheme.
• Assistance is available only once during the beneficiary's lifetime.

Relevant Links

• Official website of Tribal Affairs Department
• SAMAST Portal
• Guidelines of the Madhya Pradesh Tantya Mama Economic Welfare Scheme

Contact Information

Tribal Affairs Department, Government of Madhya Pradesh

• Madhya Pradesh Tantya Mama Economic Welfare Scheme Helpline Number: 7000230230
• Tribal Affairs Department Helpline Number: 07552762594
• Email: [email protected]