Are you interested in doing business? But the government is with you. The government provides up to Rs 4 lakh to people who are going to start a new scheme. Many people lost their jobs because of Kovid. In that case, the government has a plan to start it. The scheme will come into effect on August 12, 2020. The project was brought to the notice of the people by the Industries Department. Only start-ups in the nano industry can become a member of this scheme.
A maximum of Rs 4 lakh is given for a project. This scheme is available only for those starting below Rs 10 lakh. Also, it should be a one-man enterprise only. The applicant can divide the applicants into two categories viz. Women, Scheduled Castes Veterans and youths below 40 years of age can be included in the special category. These categories will get a grant of up to Rs 4 lakh.
People who are not in the special program will be included in the general category. They will get up to Rs 3 lakh. Special category should be 20% and general category should be 30%. 40% of the enterprise cost in the general category should be loan. Loans from financial institutions, co-operative banks and KFCs can be part of this scheme.
You must start the project within six months of applying for this plan. According to the Department of Industry, this will enable more ventures to be started. The scheme can be applied for only through the Taluk Industrial Office. In addition to identification documents, job registration, project report, invoices for machinery electrification, payment documents and loan repayment documents from financial institutions are required to be submitted. Proof of property and tax receipt should also be produced.