Government Sponsored Schemes

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Government Sponsored Schemes
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Government Sponsored Schemes

• For the upliftment of the downtrodden in society,
  the Government of India has implemented
  financial assistance in the form of subsidized
  loans.
• The individuals/ group of individuals who are
  eligible for these schemes are selected by
  various channelizing agencies and banks provide
  loans to these candidates sponsored by these
  agencies.

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General guidelines

• One family, One Subsidy For these Government
  sponsored schemes, only one candidate/family
  member from a family is eligible for the subsidy.
• The candidate/ family member should not be a
  Government or a quasi government employee.
• Certificate from concerned authorities is
  required for differently abled candidates.
• These schemes are backed by interest/ capital
  subsidy from the sponsoring agencies.
• No interest will be applied for subsidy amount
  and corresponding loan amount in case of backend
  subsidy.

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Prime Minister's Employment Generation Programme
(PMEGP)

• Objective
• To generate opportunities by setting new
  self-employment ventures/ projects / micro
  enterprises.
• To provide continuous and sustainable employment
  to unemployed youth in rural and urban areas.
• To increase the earning capacity of skilled
  workers/artisans.
• Eligibility Criteria
• Any individual above 18 years of age.
• No income ceiling to set up projects mentioned
  under this scheme.
• Educational qualification Min 8th standard pass
  for projects costing Rs.10 lakhs and above in
  manufacturing sector and above Rs. 5 lakh in
  business /service sector.
• Financial assistance under this scheme is
  available only for new projects (existing units/
  units already availed this subsidy not eligible).

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Deen Dayal Antyodaya Yojana National Rural
Livelihood Mission (DAY-NRLM)

• NRLM
• DAY-NRLM was launched by replacing the existing
  Swarnajayanti Gram Swarojgar Yojana (SGSY) scheme
  w.e.f 1st April 2013.
• The aim of this mission is to eliminate poverty
  by building strong institutions of the poor,
  particularly women and enabling these
  institutions to access a range of financial and
  livelihood services.
• In this mission, women SHGs will be promoted on
  the basis of affinity unlike common activity as
  it was in the SGSY scheme.
• Under this scheme, compliant women SHGs are
  eligible for interest subvention.
• Subvention will be available in two ways across
  the country
• Category I Districts In 250 identified NRLM
  intensive Districts, banks lend an aggregate loan
  amount up to 3.00lakh _at_7.00 p.a to all women
  SHGs. On prompt payment these SHGs will get
  additional interest subvention of 3.00, making
  the effective rate of interest to 4.00.
• Category II Districts Interest subvention will
  be there till the extent of difference between
  the lending rates of the Bank and 7.00 for loan
  up to Rs. 3.00 lakh by the State Rural Livelihood
  Mission for all NRLM compliant prompt repaying
  women SHGs.

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Deendayal Antyodaya Yojana- National Urban
Livelihood Mission (DAY-NULM)

• NULM
• This scheme was launched by replacing the
  existing Swarna Jayanti Shahari Rozgar Yojana
  (SJSRY) scheme w.e.f. 24th September 2013.
• The main Objective of this scheme is to reduce
  poverty and vulnerability of the poor households
  in urban area by providing them access to
  gainful self-employment and skilled wage
  employment opportunities.
• At least one member (preferably a woman) from
  each urban poor household should be brought under
  the SHG network in a time-bound manner.
• Salient features
• For beneficiaries, there is no minimum
  educational qualification required.
• For loans up to Rs.10.00 lakhs, no collateral
  required
• Repayment is within time period - 5 to 7 years
  after initial moratorium of 6-18 months.
• Additional 3.00 interest subvention is available
  for prompt repaying women SHGs.
• Maximum project cost covered under this scheme is
  Rs. 2.00 lakhs for individual micro enterprise
  and Rs. 10.00 lakhs for Group micro enterprise.

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Self Employment Scheme for Rehabilitation for
Manual Scavengers (SRMS)

• Manual scavenger are those persons who are
  engaged/employed for manually cleaning, carrying,
  disposing of, or otherwise handling human excreta
  in any manner.
• Maximum Project Cost allotted is Rs. 10.00 lakhs
  and it is Rs.15 lakh in case of sanitation
  related projects like Vacuum loader, Suction
  Machine with vehicle, Garbage disposal vehicle,
  Pay Use toilets etc.
• Interest 4 to 6 p.a under interest subvention
  scheme.
• Repayment Within 5 to 7 years including
  moratorium.

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Differential Rate of Interest (DRI) Scheme

• Under this scheme need based financial assistance
  is offered to all those who intend to take up any
  productive activity.
• Eligibility Criteria Family income not exceeding
• Rs.24,000/- p.a in metropolitan/ urban/
  semi-urban areas
• Rs.18,000/- p.a. in rural areas.
• Loan Limit
• Rs.15000 for any productive activity
• Rs. 20000/- for housing loan.
• Interest 4 p.a
• Repayment Within 5 years for term loan.

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VIJAYA BANK

• Vijaya Bank is a PAN India Institution, serving
  diverse sectors of the society
• The Bank offers a bouquet of innovative and
  attractive products and services to its
  customers. It has also incorporated a host of
  latest Digital Banking products, to provide the
  best services to its customers.
• Digital Banking services are
• VPAYQWIK
• Mobile Banking
• Net Banking
• Vijaya UPI
• Twitter banking and many more
• For details, visit https//www.vijayabank.com

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THANK-YOU