The Karnataka State Government has launched a new scheme for its residents. The Karnataka Kayaka Mitra Yojana is the name of the initiative. Mr. H.D. Kumaraswamy, the chief minister of the state of Karnataka, launched this initiative. This main goal is to boost skill development in the state of Karnataka through SHGs Self Help Groups. To learn more about the Karnataka Kayaka Scheme objective, benefits, as well as its eligibility requirements and registration process.
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Karnataka Kayaka Yojana 2024
A scheme called the Karnataka Kayaka Yojana seeks to enhance entrepreneurship while also empowering women and enhancing their skill sets. Through the Kayaka Yojana programme, the state government offers monetary support to the women. She has several possibilities regarding how to invest the borrowed funds. The state government begins to purchase a range of products created by women’s organisations as part of the kayaka yojana initiative. Because of this, the Karnataka government has been hosting training camps to help the women by instructing them on how to market and manufacture goods. The government also makes certain that the marketing facility will be accessible for all prepared commodities produced by women.
Overview Karnataka Kayaka Yojana 2024
| Name of Yojana | Karnataka Kayaka 2024 |
| Launched By | State Government of Karnataka |
| Beneficiaries | Members of Self Help Groups |
| Objective | To provide resources for women and self-help groups |
| Application Mode | Online |
| Website | https://sahakara.kar.gov.in/ |
Objective for Karnataka Kayaka Yojana
The main objective of the scheme is to assist and empower women and self-help organisations. Financial support is given through the Yojana, which also enhances the likelihood that their financial situation will improve. The Yojana seeks to empower women and give them jobs.
Benefits for Karnataka Kayaka Yojana 2024
The Benefits for this scheme is given below:
- The encouragement of women’s self-help organisations is the primary objective of the Karnataka government. These teams will aim to boost women’s power.
- SHG participants will be in a better position financially.
- Self-help groups typically have trouble getting bank finance. The execution of this strategy will end this issue for good. Under this effort, cooperative banks will provide applicants with straightforward credit.
- According to a statement from the state administration, self-help organisations would be able to access the cash through regional cooperative banks.
- The main advantage of this scheme is that applicants won’t have to worry about high bank interest rates. Applicants who are authorised for loans under Rs. 5 lakh won’t have to pay interest, according to a state declaration. However, debtors who accepted credit between Rs. 5 lakh and Rs. 10 lakh would be assessed bank interest at 4%.
- According to the draught of the plan, self-help organisations would be eligible to apply for loan amounts as low as Rs. 1 lakh. The maximum credit amount is Rs. 10 lakhs.
- The self-help group member’s items will be bought by the state government. The female candidates will have a steady source of income as a result.
- This yojana will be able to directly assist up to 3000 self-help groups.
Eligibility Criteria
- Prior to submitting an application, the applicant must be qualified.
- Any Karnataka resident who intends to remain there permanently may apply for this scheme.
- Members of self-help groups may submit applications for the scheme.
- The applicant must make less than Rs. 20,000 each month in their household income.
- All Karnataka State SHGs that have received a candidate’s approval are eligible for this Yojana.
Required Documents
The documents needed for this scheme is given below:
- The applicant Passport Size Photograph
- Certificate of Membership in Self-Help Groups
- Proof of a personal government ID
- Signature
- Bank Account details
- Identity Card
- Residential Certificate
- Income Certificate
Registration Procedure for Karnataka Kayaka Yojana 2024
- All interested parties and self-help organisations must register on the program’s official website, according to the state administration. Without it, they won’t be able to access the digital registration form.
- Candidates must follow the instructions after the web form opens in order to apply for the loan.
- Regarding the actual enrollment strategy, the state government has not offered any new information. As soon as these are made available, we will provide the pertinent details on this page.
- After completing the first registration procedure, applicants will get the loan amount in their individual bank accounts.