Overview of the Yojana
The Anna Bhau Sathe Loan Yojana, also known as Annabhau Sathe Vikas Mahamandal Yojana, is a government initiative in Maharashtra. This scheme provides financial aid to help people from the Matang community and other marginalized groups to start small businesses and become self-reliant.
Key Benefits of the Scheme
- Direct Loan Scheme: Offers loans to individuals to start their own businesses.
- Term Loan Scheme: Provides loans up to ₹5 lakh for business ventures, to be repaid within 5 years.
- Microfinance (MCF): Offers small loans up to ₹50,000 for starting small-scale industries.
- Women Empowerment: Special loans are available for women through the Mahila Samruddhi Yojana.
Eligibility Criteria
- Applicant must be a resident of Maharashtra.
- Must belong to the Matang community or one of its 12 sub-castes.
- Age limit: 18 to 50 years.
- Annual family income should not exceed ₹3 lakh.
- The applicant should not have benefited from any other government schemes.
How to Apply
Eligible candidates can apply online through the official Lokshahir Anna Bhau Sathe Development Corporation website or visit their local municipal office for assistance. The following documents are required:
| Required Documents | Details |
|---|---|
| Caste certificate | Issued by a competent authority |
| Income certificate | Should show an income less than ₹3 lakh per year |
| Aadhaar card | Identity proof |
| Business plan | Details about the business and location proof |
Vocational Training
As part of the scheme, vocational training is provided to individuals. Training programs include computer skills, tailoring, driving, and beauty parlors. The government helps by covering the costs of these training programs.
Conclusion
The Anna Bhau Sathe Loan Scheme is a valuable initiative for marginalized communities in Maharashtra. By offering financial support and vocational training, it enables individuals to become self-reliant and pursue entrepreneurship. This scheme is a step towards breaking the cycle of poverty and empowering those who need it most.
