Interest-Free, Collateral-Free Loans: The scheme provides interest-free loans up to ₹5 lakh without any collateral, making it easier for young entrepreneurs to start their own businesses. Successful repayment can make them eligible for a second loan of up to ₹7.5 lakh with a 50% interest subsidy for three years.
Support for Marginalized Groups: Special benefits are offered to SC/ST, OBC, and differently-abled applicants through higher margin money subsidies and lower personal contribution requirements, especially in underdeveloped regions like Bundelkhand and Purvanchal.
Skill-Based Priority and Mentorship: Applicants trained under schemes like ODOP or the Skill Development Mission are given preference. The scheme also provides mentorship, digital support, and credit guarantee coverage to help businesses succeed.
Eligibility Criteria
Age : 18+
Education qualification : 8th standard or Above.
Required Documents
Aadhaar card
Bank Passbook (Photo)
Cast certificate (If Applicable)
Niwas Praman Patra
PAN Card
Apply for Entrepreneurship Empowerment Program
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