Karnataka Kayaka Yojana Loan Scheme Online Application Form, Eligibility & Benefits

Karnataka Kayaka Yojana Loan Scheme Online Application Form, Eligibility & Benefits: To encourage skill development in the State, the State government of Karnataka has launched a scheme. This scheme is launched under the name of Karnataka Kayaka Yojana. Scheme was launched by the State Chief Minister H.D Kumaraswamy. Schemes focus on encouraging sick development in the State through SHGs (Self Help Groups). Under this scheme, the State government is offering loans up to Rs 10 Lakh to SNGs of cooperative sector banks.

Those people who are interested in the scheme and want to take its benefit have to apply online for this scheme. To apply online, people need to fill out the scheme application form. This article details how you can apply for this scheme? What are scheme eligibility criteria? Scheme key features, application form, objective and applying process etc, are been provided in this article.

Karnataka Kayaka Yojana Loan Scheme Online


Under this scheme, beneficiaries will get a loan at 0% interest rate. This scheme was first launched in the year 2018. It is still running in the year 2020. The application process for the scheme has now been started. Thus, those who want to apply for this scheme need to hurry to take benefit of Karnataka Kayaka Yojana 2023. The state government will buy products made by women's associations in this scheme.


Karnataka Kayaka Yojana 2023

Kayaka Loan Scheme State government will provide necessary training to women's associations. So that they can prepare various quality products.. Then the state government will market these products under this scheme. The state government will purchase the products prepared by the women's associations. Other than this, the State government of Karnataka will also make sure that the prepared products get marketing facilities.

In this scheme, the Karnataka government offers loans up to Rs 10 lakh. The loan amount of up to Rs 5 lakh will be provided at 0% interest rate. Loan amounts between Rs 5 Lakh to Rs 10 Lakh will be given at just 4% interest rate. Under this scheme, about 3,000 SHGs will get a loan of Rs 10 Lakh. During the launch of this scheme, CM handed loans to about 1,000 SHGs which were identified in districts.

Under this scheme, all the self Help Groups can apply for a loan at a very low or 0 interest rate. The loan will be provided through the cooperative banks. To get the loan, applicants can apply online by filling out the scheme application form. This scheme was announced on the 20th of December 2018. The project started in January 2020. The scheme's announcement is in the State budget for the 2018-19 financial year. In this scheme, a total of around 3,000 Self Help Groups will get the benefit.

The application process for this scheme has already been started. Thus, every interested and eligible applicant can now fill out the scheme application form online. The scheme aims to promote self employment in the State. As unemployment is a big issue in State as well as in the whole Country. This scheme also aims to empower women in the State and create job opportunities. This scheme is one of the many running social security schemes.


Scheme Highlights

Scheme Name Kayaka Yojana
State Name Karnataka
Scheme Launched By State CM H.D Kumaraswamy
Scheme announced On 5th of July 2019
Launched On January 2019
Scheme Beneficiaries SHGs (Self Help Groups)
Scheme Objective To Empower Women & Provide Job Opportunities
Benefit of Scheme Loan Up to Rs 10 Lakh
Interest Rate 0 % Up to Rs 5 Lah Loan and 4% for loans Between Rs 5 lakh to Rs 10 lakh

The state government is offering financial assistance through loans in this scheme. The loan interest rates are very low. Even at Zero per cent for a below Rs 5 lakh loan. Eligible applicants can use this loan to get self employment. This scheme is encouraging entrepreneurs and skill development in the State. The scheme will help in developing trade and financial stability in the State. The loan amount can be used by SHGs to provide training to people. This will improve the number of skilled labour in the State.

In this scheme, the government will also set up training camps for people. People will develop various skills from these training camps. Products prepared by the SHGs will be purchased by the government. The state government will also make sure to market the products properly. Other than this, the State government has also launched Jyothi Sanjeevini Scheme for its employee. In which government employees will get medical benefits. The Jyothi Sanjeevini Scheme Hospital List has also been released by the government.


The objective of the Karnataka Kayaka Yojana Loan Scheme

1) Karnataka Kayaka Yojana aims to empower Self Help Groups (SHGs) and Women in the State.
2) This scheme will provide financial assistance to the SHGs.
3) Scheme aims to provide self employment and empowerment opportunities to State women.
4) To encourage skill development in the State.
5) Scheme also aims to promote finances and trade in State.
6) Also, to promote entrepreneurship in women.

Key Features of the Kayaka Yojana Loan Scheme

1) SHGs Development – This scheme focuses on developing Self Help Groups of the State. The money in this scheme will be used to provide skill development training to the people involved in SHGs. Also, to encourage entrepreneurship in SHGs.
2) Offering Loan – This scheme offers loans to SHGs from cooperative banks of the State. The loans will be available quickly and can be used in the development of skills of SHGs.
3) Amount of Loan – Under this scheme, up to Rs 10 lakh amount of loan is available for SHGs. They can apply for loans from Rs 1 lakh to Rs 10 lakh.
4) Interest Rate – The loan amount given in this scheme is been provided at a very low interest rate. Those who apply for loans up to Rs 5 lakh will get it at 0% interest rate. Loan amounts above Rs 5 lakh will be available at a 4% interest rate.
5) Implementation – This scheme will be implemented in different phases. In its first phase, five major cities of the State will be selected.
6) Number of Scheme Beneficiaries – During its first phase total of 3,000 SHGs will benefit from this scheme.


Eligibility Criteria of Karnataka Kayaka Yojana Loan Scheme

1) This scheme is only meant for permanent residents of the Karnataka State.
2) Scheme is meant for registered SHGs (Self Help Groups).
3) Women authorised SHGs of the State are eligible for this scheme.

Karnataka Kayaka Yojana Online Application Form pdf

The candidate can apply for the Karnataka Kayaka Yojana through a website. The website has yet to be made public by the state government. Soon, there will be a public website for the scheme. So that anyone interested in the scheme can apply for it. When the website goes live, we'll let you know right away. 

1) The official website has yet to be released by the State government. 
2) People can visit the nearest cooperative bank for enquiry about the scheme application form. 
3) Once you fill out the application form, you will get eligible for a loan amount up to Rs 10 lakh.


Karnataka Kayaka Yojana Loan Scheme 2023

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