Manner of execution of subsidy programmes
. Information on the nature of subsidy, eligibility criteria for accessing subsidy and designation of officer competent to grant subsidy under various programmes/schemes
| Name of programme/activity | Nature/scale of Subsidy | Eligibility criteria for grant of subsidy | Designation of officer for grant of subsidy |
|---|---|---|---|
| Economic Support Programme for Unemployed Youths-( Subsidy for self employment through Development Corporations/Bank Loan) | a) Maximum of Rs. 1.50 lakh Subsidy for purchase of Taxi vehicles of value up to Rs.4.5 lakhs.
b) 25% subsidy to start business/Trade of unit cost Rs. 6.50 lakhs. |
a) Should be a Resident in BBMP limits.
b) Should belong to SC/ST or BCM category. c) Income limit for SC/ST Rs. 22,000 and BCM- Rs. 1.00 lakh d) Age- 18 years and above |
Zonal Additional/Joint Commissioner |
| Economic Support to Dr. B.R.Ambedkar Development Corporation for Micro Credit Scheme. | Subsidy of Rs.10,000/- to be released by BBMP | a) Should be a Resident in BBMP limits.
b) Should belong to SC/ST or BCM category. c) Income limit for SC/ST Rs. 22,000 and BCM- Rs. 1.00 lakh d) Age- 18 years and above |
Zonal Additional/Joint Commissioner |
Describe the manner of execution of the subsidy programme
| Name of programme/activity | Application procedure | Sanction procedure | Disbursement procedure |
|---|---|---|---|
| Economic Support Programme for Unemployed Youths-( Subsidy for self employment through Development Corporations/Bank Loan) | Public notification in daily news calling papers for applications from eligible candidates the applications are issued at zonal officers and some are to be submitted with relevant documented are zonal office. | As per guidelines & Rules and regulations | As per guidelines & Rules and regulations |
| Economic Support to Dr. B.R.Ambedkar Development Corporation for Micro Credit Scheme. | Public notification in daily news calling papers for applications from eligible candidates the applications are issued at zonal officers and some are to be submitted with relevant documented are zonal office. | As per guidelines & Rules and regulations | As per guidelines & Rules and regulations |
Manner of execution of subsidy programmes SJSRY Scheme
| Name of programme/activity | Nature/scale of Subsidy | Eligibility criteria for grant of subsidy | Designation of officer for grant of subsidy |
|---|---|---|---|
| Urban self employment programme | Subsidy would be provided at the rate of 25% of the project cost subject to a ceiling of Rs. 50,000/- per beneficiary. | The programme shall target the urban poor, defined as those leaving below the urban poverty line, as defined from time to time. | Concerned Additional/Joint Commissioners of the Zone. |
| UWSP A) Loan & Subsidy | For setting up group enterprises, the UWSP group shall be entitled to a subsidy of Rs. 300,000/- or 35% of the cost of project or Rs.60,000/- per Member of the Group, whichever is less. The remaining amount will be mobilized as Bank Loan and Margin Money | Urban poor women living below the poverty line, in any city/town. Preferably, the senior and better-performing urban women self help groups having credit management abilities and having skills in the proposed activity may be accorded thrust. | Concerned Additional/Joint Commissioners of the Zone. |
| Revolving fund | The SHG/T&CS shall also be entitled to a lumpsum grant of Rs.20,000/- as Revolving Fund at the rate of Rs.2000/- maximum per member. This Revolving Fund shall be available to a simple SelfHelp Group / Thrift & Credit Society also, | A Self-Help Group / Thrift and Credit Society under UWSP shall be entitled for payment of revolving fund not earlier than one year after its formation. In other words, only such a body, in existence and functioning for at least one year, shall be eligible for payment of the revolving fund. The decision whether a group has been in existence and functioning for more than one year shall be taken on the basis of examination of the records of the group as regards the number of meetings held, the collections made from members towards group savings, the regularity of collection, the role of the group in capacity building or training of its members etc. The registration of the groups will be encouraged. | - |
Describe the manner of execution of the subsidy programme
| Name of programme/activity | Application procedure | Sanction procedure | Disbursement procedure |
|---|---|---|---|
| Urban self employment programme | The Community Affairs Officer/Community Organizer will organise the community at the ward level and constitute NHGs, NHcs and CDSs. The applicant is to send application form through concerned C.D.Society. The C.D. Society will forward the application Zonal Additional/Joint Commissioner in BBMP area and onward transmission to concerned banks. | 95% of the project cost would be made available by Banks (25% Subsidy amount and 70% of the project cost as Loan sanctioned by bank at the rate of interest applicable to such priority sector lending fixed by the Reserve Bank of India, from time to time). The interest will be charged only on the loan amount. | As per concerned bank procedure following RBI Guidelines/Instructions. |
| UWSP A) Loan & Subsidy | Same as above | Loan (excluding the subsidy amount and margin money, if any, from the project cost) would be sanctioned by the banks at rates of interest applicable to such priority sector loans fixed by the Reserve Bank of India from time to time. The interest will be charged only on the loan amount. | As per concerned bank procedure following RBI Guidelines/Instructions. |
| Revolving fund | A Self-Help Group / Thrift and Credit Society under UWSP shall be entitled for payment of revolving fund not earlier than one year after its formation. In other words, only such a body, in existence and functioning for at least one year, shall be eligible for payment of the revolving fund. The decision whether a group has been in existence and functioning for more than one year shall be taken on the basis of examination of the records of the group as regards the number of meetings held, the collections made from members towards group savings, the regularity of collection, the role of the group in capacity building or training of its members etc. | UWSP group sets itself up as a Self-Help Group (SHG) / Thrift & Credit Society (T&CS), mobilizing savings and credit in addition to its other entrepreneurial activities, the SHG/T&CS shall also be entitled to a lumpsum grant of Rs. 20,000/- as Revolving Fund at the rate of Rs.2000/- maximum per member. This Revolving Fund shall be available to a simple Self-Help Group / Thrift & Credit Society also | As per S.J.S.R.Y. Scheme Guidelins |