STATELOAN

Karma Sathi Prakalpa

🏛️ Department of Self Help Group & Self Employment • West Bengal Govt

💸 Direct Scheme Benefits

Bank loan on soft terms with a State subsidy component for a new small venture.

About the Scheme

Karma Sathi Prakalpa helps unemployed youth in West Bengal set up a small income-generating venture, through a bank loan on soft terms with a State Government subsidy component. Applications are made through the district administration, which forwards selected proposals to banks. It sits alongside Gatidhara, which is aimed specifically at commercial transport, and Bhabishyat Credit Card, which funds larger projects. 🔗 Official Resources: • Karma Sathi Portal: https://employmentbankwb.gov.in

📄 Documents Required

✓
Bank Passbook CopyFirst page showing account number and IFSC details
✓
Project Report / Business PlanOutline of the proposed enterprise with cost, capacity and expected turnover
✓
Aadhaar CardUnique identification document
✓
Residential CertificateProof of domicile/residency in West Bengal
✓
Academic MarksheetMarksheet of previous qualifying examination

🚀 How to Apply

Step 1:Prepare a Venture Plan

Decide the activity and write a simple plan showing the cost and expected income.

Step 2:Apply Through the District

Apply online or at the district or block office, which processes Karma Sathi applications.

Step 3:Selection and Bank Referral

Selected proposals are forwarded to a bank, which appraises and sanctions the loan.

Step 4:Start the Venture

Use the sanctioned amount for the stated purpose and repay as scheduled to keep the subsidy benefit.

🙋 Frequently Asked Questions (FAQs)

How is this different from Gatidhara?

Gatidhara funds commercial transport vehicles specifically; Karma Sathi covers small ventures more generally.

Is the whole amount a grant?

No. It is a bank loan with a State subsidy component; the loan portion must be repaid.