Details of the Scheme

This has been designed to provide an initial working capital loan of up to Rs.10,000/- for 1 year with a subsidized rate of interest, to the beneficiaries to start their businesses after the lockdown, with the option of renewal of the loan, the maximum amount going up to Rs.20,000/- the next year, considering factors like timely and early repayment of the same. It also aims at providing certain incentives like ‘cashback’ for using digital transaction methods. Also, the vendors would be able to avail of a 7% interest subsidy. The implementation of the scheme would be operational until March 2022.