Shramashakthi Loan Scheme
A programme by Karnataka Minorities Development Corporation (KMDC) (Karnataka Minorities Development Corporation)
Skill training and a loan at 4% interest, repayable in 36 instalments, for religious-minority entrepreneurs; half the loan can become a subsidy if repaid on time.
At a glance
| Best for | Religious-minority entrepreneurs who want skill training with a small loan |
|---|---|
| Duration | 36 instalments |
About Shramashakthi Loan Scheme
Shramashakthi combines skill training with a small loan for religious-minority entrepreneurs. Trainees learn artistic and technical skills, then take a loan to develop a traditional skill, continue a business or start a small one. The loan carries 4% interest and is repaid in 36 instalments. If half is repaid within 36 months, the other half is treated as a back-end subsidy. The corporation's 2025-26 report lists 888 beneficiaries under the name Shramashakthi Scheme.
What you get
- Training in artistic and technical skills
- A loan at 4% interest, repayable in 36 instalments
- A back-end subsidy on the other half, if half the loan is repaid within 36 months
Who can apply
- Entrepreneurs from the religious minority community
- Families within the income limit the scheme page sets
How selection works: The MLA of the applicant's assembly constituency chairs the body that decides.
How to apply: Applications are made online.
Where to apply
Other KMDC programmes
- Arivu Education Loan SchemeAn education loan for religious-minority students admitted through CET or NEET to listed professional and science courses, repayable with a 2% per annum service charge.
- Foreign Education Loan SchemeA loan for minority students doing a graduate or postgraduate degree at a recognised university abroad, secured on a mortgage of property.
- Swawalambi Sarathi SchemeA subsidy towards the cost of a taxi, goods vehicle or passenger autorickshaw, for applicants whose bank loan for the vehicle has been sanctioned.
- Direct Business Loan SchemeA loan for eligible minority entrepreneurs to start or expand a business, secured on a mortgage of property, with interest of 4% or 6% depending on family income.
- Ganga Kalyana SchemeA fully subsidised scheme providing bore wells, pumps and electrification to minorities and small farmers in rural areas.
Everything about Karnataka Minorities Development Corporation (KMDC)