Sant Ravidas Self-Employment Scheme: Loans up to ₹50 Lakh for SC Youth, a Ray of Hope for Educated Unemployed

The Sant Ravidas Self-Employment Scheme, the government aims to empower educated unemployed youth and women from the Scheduled Caste (SC) community by promoting self-employment opportunities. For the financial year 2025–26, a target has been set to benefit 40 units under the scheme in the district.

Financial Assistance for Business Establishment:

SC youth and women who have passed at least Class 8 are eligible to apply for setting up their own business. Under the scheme, they can avail loans through banks ranging from ₹1 lakh to ₹50 lakh for industrial units, and ₹1 lakh to ₹25 lakh for service-based units.

Interest Subsidy Provision: An interest subsidy of 5% per annum will be provided on the approved loan amount for a maximum duration of 7 years. This initiative is aimed at financially empowering youth and helping them become self-reliant entrepreneurs.

Objective of the Scheme: The primary objective of the Sant Ravidas Self-Employment Scheme 2025 is to offer low-interest loans to SC individuals to help them establish new businesses. The scheme facilitates loans up to ₹50 lakh, thereby providing a strong foundation for self-reliance and financial growth among beneficiaries from the SC community.

Eligibility Criteria:

1. Applicant must be between 18 and 45 years of age.
2. Must be a permanent resident of the district.
3. Should not be a defaulter of any bank or government institution.
4. Minimum educational qualification should be Class 8 pass.
5. The annual family income should not exceed ₹12 lakh.
6. The applicant should not be a beneficiary of any other state or central government self-employment scheme.

Required Documents:

1. Residence and domicile certificate
2. Bank account details
3. Aadhaar card
4. Samagra ID
5. Caste certificate
6. Age proof
7. Educational qualification certificates
8. Income certificate
9. Project report or business plan
10. Passport-size photograph
11. Email ID and mobile number

Application Process: Interested applicants can apply online through the official portal samsat.mponline.gov.in. For further details, candidates may visit the Antyavasayi Cooperative Development Committee Office, Room No. 56, at the Collectorate Office, or contact Mobile No. 9691413912.