The applicant belongs to Scheduled Tribes, Scheduled Castes, Minorities, Backward Classes, and permanent residents of Jharkhand.

The scheme offers a subsidy of 40% of the loan amount or up to ₹5,00,000, whichever is lower.

For loans up to ₹50,000, No guarantor is required and the loans above ₹50,000 A guarantor or collateral (movable/immovable property) is mandatory.

The loan is provided at a subsidized interest rate of 6%.

Yes, individuals from urban and rural areas can apply, provided they meet the eligibility criteria.

Environment-friendly businesses are eligible. However, businesses related to alcohol, drugs, or polythene manufacturing are not allowed.

After approval, the loan amount is directly transferred to the applicant's registered bank account.

The required documents include an Aadhaar card, Caste certificate, Income certificate, Bank passbook copy Business proposal, etc.

The applicant can apply by submitting an application form to the respective corporation (Tribal, SC, Backward Class, Minority) or the District Welfare Office.

No, the age limit is fixed at 18 to 50 years, and no relaxation is provided.

No, only unemployed individuals are eligible to apply for the scheme.