Outlook Money
The scheme provides financial assistance to youth from the SC, ST, backward castes, and minority communities for starting self-employment ventures.
It offers loans up to Rs 3 lakh to promote entrepreneurship and economic growth.
The maximum subsidies range from 60-80 per cent depending on the loan category.
loans of up to Rs 1 lakh with an 80 per cent subsidy are provided to the eligible candidates. The recipient will cover the remaining 20 either themselves or arrange it through a bank loan.
loans range from Rs 1 lakh to Rs 2 lakh, with a 70 per cent subsidy offered to the eligible candidates.
loans up to Rs 3 lakh are provided with a 60 per cent subsidy.