The government actively promotes the economic empowerment of marginalized communities by providing concessional credit for income-generating activities. Under various schemes,beneficiaries are required to contribute a small margin money fraction-typically 10% of the total project cost-while the State Channelizing agencies (SCAs) Channelizing agencies(CAs) provide the remaining 90% as a concessional loan. For example, if an entrepreneur wishes to establish a ?10,00,00 enterprise, they must posses
• Background The government actively promotes the economic empowerment of marginalized communities by providing concessional credit for income-generating activities.
Under various schemes,beneficiaries are required to contribute a small margin money fraction-typically 10% of the total project cost-while the State Channelizing agencies (SCAs) Channelizing... For example, if an entrepreneur wishes to establish a ?10,00,00 enterprise, they must posses
• Background The government actively promotes the economic empowerment of marginalized communities by providing concessional credit for income-generating activities. Under various schemes,beneficiaries are required to contribute a small margin money fraction-typically 10% of the total project cost-while the State Channelizing agencies (SCAs) Channelizing agencies(CAs) provide the remaining 90% as a concessional loan. For example, if an entrepreneur wishes to establish a ?10,00,00 enterprise, they must possess ?1,00,00 as their 10% contribution, making them eligible for a ?9,00,00 loan. These loans are categorized into specific tiers: ? Micro Finance Scheme: For small units with a project cost up to ?1.40 lakh. The funding agency provides up to 90% (maximum ?1.25 lakh) at a concessional int