Incentive Scheme for Sericulture Reelers is aimed at improving the financial condition of minority communities involved in silk reeling and spinning. The corporation will provide loans to support working capital and basic infrastructure for silk spinners.
Incentive Scheme for Sericulture Reelers - Introduction
The Incentive Scheme for Sericulture Reelers was launched by the Minorities Welfare Department, Government of Karnataka, and is implemented by the Karnataka Minorities Development Corporation. The scheme aims to improve the financial condition of minority communities involved in silk reeling and spinning by providing financial assistance through loans and subsidies. This support is intended to enhance working capital, improve basic infrastructure, and promote better productivity and economic stability.
Benefits
Financial Assistance:
- Silk reeling/spinning workers can receive a loan of up to ₹2,00,000/-, with 50% of the loan amount being provided as a subsidy.
Eligibility
- The applicant should belong to the religious minority category of the state.
- The applicant should be a permanent resident of the state.
- The applicant’s age should be between 18 and 55 years.
- The family income from all sources should not exceed ₹6,00,000.
- No member of the applicant’s family should be a State or Central Government employee.
- The applicant or his family members should not have availed any loan or subsidy facility from the Corporation in the last five years, except the Arivu Education Loan and Foreign Education Loan Scheme.
- The applicant should not be a sustainer of the corporation.
Application Process
- Applicant needs to visit the Karnataka Minorities Development Corporation official website.
- Click Apply Online and enter "Mobile Number" and click "Submit".
- Enter "Aadhaar Number", fill in the "Captcha", and select "Next".
- Applicant will receive an OTP on his/her Aadhaar-linked mobile number.
- Enter "OTP" and select "Continue". After that allow the official notice.
- After verifying the Aadhaar again, fill in the "OTP" and submit.
- Select the scheme "Sikhligar’s Community Development Scheme" and fill in the basic details: father’s name, gender, qualification details.
- Select "Next", fill in the address details, and again select "Next".
- Upload the required documents: passport-size photo, educational documents, income certificate, etc.
- Click "Proceed", select "Submit Application", and obtain an Application ID.