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Bank Linked Scheme

Subsidy Linked with Bank Loans for Income Generation Scheme:

The Scheme is implemented for Minorities to Setup viable Self employment activities.  The financial assistance from the
Telangana State Minorities Finance Corporation will be by way of subsidy which is linked to the credit component of Banks.

Funding as per Slabs:



  • Slab Modified as per G.O.Ms.No.41 Minorities Welfare (ESTT.II) Department Dated: 29-08-2018. The Subsidy pattern of the Self Employment/Economic Support Scheme to the Minorities beneficiaries has been modified from 2018-19 onwards and all the pending applications received in 2015-16 to OBMMS to be considered as fresh during the year 2018-19.

Eligibility Criteria:

  • Applicant should belong to Minority Community ( Muslims, Buddhists, Sikhs, Parsis & Jains)
  • Age between 21 to 55 years (Age Proof Certificate should be submitted)
  • Annual family Income upto Rs.1,50,000/- for Rural & Rs.2,00,000/- for Urban areas. Income Certificate issued by Tahsildar / MRO Districts from Meeseva to be submitted.
  • Aadhaar Card & Ration Card are Mandatory
  • One Passport Size Photo

Procedure:

  • Intrested candidates shall apply Online through tsobmms.cgg.gov.in.
  • After applying in the portal, the candidate should submit the application form along with enclosures to the concerned MPDO / DMWO & Municipal Commissioner.
  • After scrutiny by the DMWO the District level selecting committee shall select the eligible candidates.
  • The selected candidate shall submit the Bank consent to the DMWO.
  • After approval of the concerned District Collector subsidy is released from the Head Office (TSMFC) to the beneficiarie’s Non-Operative SB Account Number directly through proper channel.
  • The bank shall release the total unit cost (Subsidy + Loan) to the vendor.
  • The Corporation in co-ordination with Bank shall ground the unit.

Work Flow:

funding-pattern

GO's & GUIDELINES:

GO Ms.No.101 Social Welfare (SCP-I) Department, dt:31.12.2013

GO Ms.No.15 Minorities Welfare (Estt-II) Department, dt:12.03.2015

GO Rt.No.230 Minorities Welfare (Estt-I) Department, dt:30.12.2015

GO Ms.No.41 Minorities Welfare (Estt.II) Department, dt:29.08.2018

Guidelines - Circular Memo No.4320/Estt.II/A1/ 2017, dt:31.08.2018

Circular Memo No.784/TSMFC/LOANS/2018, dt:03.09.2018