Devaraj Arasu Loan Scheme:- In order to improve the financial status of backward classes Both Central and State Government implements various kind of scheme. Through this scheme, financial assistance is provided to the beneficiaries. Recently Government of Karnataka has also launched a scheme called the Devaraj Arasu Loan Scheme. Through this lone will be provided for the setting up self-employment opportunities. This article will cover complete information regarding the Devaraj Arasu Loan Scheme 2023. Read the article below for more information about this scheme.
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Devaraj Arasu Loan Scheme 2023
The Government of Karnataka has launched this Loan Scheme. Through this scheme, the Government is going to provide financial assistance of up to Rs. 50,000 per beneficiary for Self-employment activities under business, service agriculture, and allied activities. The Government is going to provide 10% or a maximum of Rs. 10000 subsidy. Beneficiaries are only required to pay the remaining loan amount at 45 interests per annum. With the implementation of this scheme now a citizen of the state will not be required to depend on anyone for financing their business. For those individuals who are living in rural areas, the annual income should not exceed Rs. 98000 for those citizens who are living in urban areas the annual family income should not exceed Rs. 120000.
Devaraj Arasu Loan Scheme Overview
| Name of the scheme | Devaraj Arasu Loan Scheme |
| Launched by | Government of Karnataka |
| Start scheme Date | 2 October |
| Beneficiaries | Citizen of state |
| Objective | To provide loan |
| Year | 2023 |
| State | Karnataka |
| Mode of application | Online |
| Official Website | https://dbcdc.karnataka.gov.in/ |
Devaraj Arasu Loan Scheme 2023 Objective
The main objective of this Loan Scheme is to provide loans to the citizens backward class who want to set up their business activities. Under the scheme loan amount up to Rs 50000 will be provided to the beneficiaries at the nominal interest rate. The Government will also provide subsidies on the loans with the implementation of this scheme citizen of the state will not be required to depend on anyone for financing their Business. As the Govt. of Karnataka is going to provide them with financial assistance this scheme will improve the standard of living of the benefices and the employment ratio of the state will also be decreased.
Benefit of Devaraj Arasu Loan Scheme
- The scheme has been launched by the government of Karnataka.
- Through the scheme, loans will be provided to eligible beneficiaries
- The amount of this loan will be up to Rs. 50000
- The Govt. will also provide subsidy on the loan
- The amount of subsidy will be up to Rs. 10000
- Beneficiaries have to pay a nominal amount of interest at 4% per annum
- With the implementation of this Phone beneficiaries are not required to depend on anyone to finance their business
- The Govt. of Karnataka is going to provide them with financial support
Karnataka Vehicle Subsidy Scheme
List of Devaraj Arasu Loan Scheme
- NBCFDC Scheme (Term loan, Education Loan, Mahila Samriddhi Micro Finance Scheme For Women, Micro Finance, Small Loan For Individuals)
- Karnataka Savitha Samaja
- Karnataka Madiwala Machideva
- Karnataka self Employment Scheme
- Karnataka Madivala Machideva Gangakalyana Scheme
- Madivala Machideva Arivu
- Chaitanya Subsidy Cum Soft Loan
- D Devaraj Urs Individuals Loan Scheme
- Micro Credit Scheme
- Assistance to Traditional Artisans and Occupational Groups
- Ganga Kalyana Irrigation Scheme
- Arivu Education Loan Scheme
- Interest-Free Loan For Higher Education In Foreign University
Eligibility Criteria
- Applicant Must be a Permanent resident of Karnataka
- The age of Applicant should be between 18 to 55 years
- The annual family income of the applicant living in rural areas to not exceed Rs 98000 and in urban areas should not exceed Rs 1,20,000.
Swami Vivekananda Yuvashakti Yojana
Requirement Documents
- Aadhar Card
- Income Certificate
- Resident Proof
- Proof of Age
- Mobile Number
- Email Id
- Passport size Photograph
Devaraj Arasu Loan Scheme 2023 for Application Process
- Firstly, visit the Official Website
- The Home Page will appear on your screen
- On the home page, you are required to click on the Devaraj Arasu Loan Scheme
- You will be redirected to a new page
- On this Page, you have to enter all the required details
- After that, you have to upload all required documents
- Now you have to click on Submit
- By following this procedure you can apply under the scheme.
Contact Details-
- In order to check the contact details beneficiaries are required to Click Here
FAQs
The Government of Karnataka has launched this Loan Scheme
This Scheme financial assistance will be provided to the Beneficiaries
Financial assistance up to Rs. 50000 will be provided through this scheme. This financial assistance will be directly credited into the bank account of the beneficiaries
Yes, there is an age limit to get the benefit of this scheme. The age of beneficiary should be between 18 to 55 years
The Govt. will provide subsidies up to Rs 10000 under the scheme. the beneficiary interest on the remaining amount at 4% per annum.