Karnataka Kayaka Yojana 2024:Is Karnataka Kayaka Yojana Right For You? Check Eligibility

Karnataka Kayaka Yojana 2024-:Karnataka Kayaka Yojana was launched by the state of Karnataka to promote and facilitate the growth of Self-Help Groups (SHGs). The state government will provide loans from cooperative banks to these groups through the Kayaka Scheme. You can apply online for a no-interest loan through this program by following the instructions to complete the Kayaka Yojana application form. For more information, click here. We will discuss the benefits and important aspects of this scheme for women who are eligible.

Karnataka Kayaka Yojana 2024

Karnataka’s Chief Minister has created a program for women’s self help groups (SHGs). The loan rates are either subsidized or interest is zero. State government can provide loans to SHGs up to 10 lakhs rupees. The Karnataka Kayaka Yojana announced by the chief minister in the 2018-19 state budget aims to increase the number of employment opportunities available to women. The state has implemented several social and people security programs to encourage entrepreneurship and talent development.

Karnataka Kayaka Yojana Objectives

The goal of the program is to provide financial assistance to women and self-help group members, create opportunities for self employment, strengthen SHGs and have a positive impact on them. These organizations will focus on increasing women’s autonomy. SHG members will be able to improve their financial situation. The SHG members will have no trouble getting bank loan.

Kayaka Yojana Benefits

  • The government provides support to women and SHGs in their quest for self-employment. This means more employment opportunities.
  • As a result, the members of SHGs can improve their financial situation. The SHGs will receive financial assistance.
  • The scheme makes it easy for women to apply for loans. The program’s main benefit is that it offers a loan to applicants at no interest.
  • If the loan amount is less than Rs. No interest is charged on loans less than Rs. If the amount is between Rs. If the amount is between Rs. If the amount is more than Rs.
  • The state government has made available a list of cooperative banks that the applicant can choose from.
  • The maximum amount of the loan is between 1 and 10 lakh Indian rupees.
  • The State Government of Karnataka will purchase the final product that SHG members have produced. As a result, the successful applicants will be able to access a steady stream of income.

Karnataka Kayaka Yojana Eligibility

To register in the Yojana, applicants must meet certain requirements.

  • This program is open to those who have made Karnataka home.
  • This plan was designed for participants in Self-Help Groups.
  • All SHGs in Karnataka that have been approved as candidates are eligible to participate.
  • The household income of the candidate must be less than Rs. Total income per month must be less than Rs. They cannot be registered if they earn more than 20,000 per month.

Required Documents

Below are the documents for Scheme

  • Certificate of residence of the applicant
  • ID Proof such as aadhar card etc.
  • Bank Account Information
  • Certificate of Membership for Self-Help Groups
  • Income Certificate
  • Candidate Photograph

Karnataka Kayaka Yojana Applying Procedure

  • In order to take part in the program, the administration has stated that all interested candidates and self help groups must register on the website.
  • They will not be allowed to access the digital registration form if they don’t have it.
  • Once the online application form is available, applicants will need to complete all the steps to apply for a loan.
  • The state administration has not provided any more details about the actual system of enrollment.
  • We will update this post with the latest information when they become available.
  • Once the initial registration is complete, the applicant will receive the loan amount in their own bank account.

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