Telangana Minority 1 Lakh Scheme 2023 :- Chief Minister KCR stated that our government is committed to putting all sorts of programs into place in every area such as education and employment opportunities. We have just introduced a new program called the Telangana Minority 1 Lakh Scheme, which helps the state’s minorities by giving them a 1 lakh rupee cash aid. You are qualified to get financial help under the Telangana 1 Lakh Scheme if you are a member of one of the state’s minority communities. Read the article to get every information regarding this scheme such as benefits, eligibility criteria, overview, required documents, objective and applying procedure.
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Telangana Minority 1 Lakh Scheme 2023
Telangana’s Chief Minister has presented a new program to the state’s minority populations in anticipation of the next assembly elections. The Minority Scheme 2023 has been introduced for the communities of minorities by Telangana State Chief Minister Chandrasekhar Rao. On 23 July 2023, the Chief Minister announced the commencement of this scheme. The government would offer Rs. 1 lakh in financial aid to Telangana State’s minority group members under this scheme. The government won’t charge an interest rate on this subsidy.
TSMFC Telangana Minority Loan Scheme
The CM has ordered that minority communities receive Rs 1 lakh with a 100% subsidy. The Telangana State Minorities Welfare Department has established this program. Chandrasekhar Rao stated that the Telangana Government will introduce a number of programmes to help the minority population become self-sufficient and alleviate their poverty during the unveiling of this program.
Overview of Telangana Minority 1 Lakh Scheme 2023
| Name of the Scheme | Telangana Minority 1 Lakh Scheme 2023 |
| Launched By | State Government of Telangana |
| Beneficiary | Minority Communities |
| Objective | To Provide Financial help |
| Application Mode | Online |
| Official Website | Click Here |
Objective of Telangana Minority 1 Lakh Scheme 2023
The major goal of this program is to offer discounted loans to members of the minority community so they may start their own businesses, create jobs for others and improve their level of living and make them prosperous economically. You have two financing options under this arrangement.
Benefits of Telangana Minority 1 Lakh Scheme 2023
The benefits of this scheme are listed below:
- This program’s primary goal is to eliminate poverty in minority populations.
- Minority group members can launch their own firms and build a robust economy under this scheme.
- Under this scheme, recipients are not required to refund their subsidy amount.
- The minority would receive a cash subsidy of Rs 1 lakh under this program so they may pursue any business degree and advance economically.
- This amount will only be given to one family member under this scheme.
Eligibility Criteria
The eligibility criteria of this scheme are listed below:
- The Residents of Telangana may only apply for this scheme.
- People from minority populations are eligible to apply for this program.
- The applying urban applicant’s yearly income must be less than RS 2 lakh.
- The rural applicant’s yearly income must be less than Rs. 1.5 lakh.
- The applicant’s age should fall between 21 and 55 years old.
Required Documents
The required documents of this scheme are listed below:
- Passport size Photograph
- Aadhaar Card
- Income Certificate
- Caste Certificate
- Birth Certificate
- Bank Account Details
- Mobile Number
Applying Procedure of Telangana Minority 1 Lakh Scheme 2023
You would need to wait a little while if you want to apply for the Telangana Minority 1 Lakh Scheme since the government hasn’t yet made the website public. We’ll keep you guys informed as soon as they open an official website.
Loan Amount
The candidates will be liable to get the following loans in this scheme. Make sure to take the subsidy according to the unit cost by checking the details from the table given below:
| Scheme Category I: | Unit Cost: 1 Lakh Rupees- Subsidy: 100000 Rupees |
| Scheme Category II: | Unit Cost: 2 Lakh Rupees- Subsidy: 140000 Rupees |