Under this scheme, financial assistance of 1.5 lakh rupees will be given to the middle class and poor people in which there will be 1 percent monthly interest. According to this scheme, the plan holders can take it to start any small scale industry or to eliminate any old debt. Its registration fee will also be Rs 4250.
The benefit of the scheme will be payable for the establishment of new industries/businesses etc. The eligibility of the scheme and the provision of financial assistance will be as follows –
* Age should be between 18 to 55 years as on the date of application.
* Should not be a defaulter / bad defaulter of any nationalized bank / financial institution / co-operative bank.
* Will be eligible for assistance under this scheme only once.