Vocational Incentive Scheme

 

Vocational Incentive Scheme – Karnataka Minorities Development Corporation (KMDC)

The Vocational Incentive Scheme helps minority entrepreneurs in Karnataka start small businesses by providing financial support up to ₹1.00 lakh, where 50% is a loan and 50% is a subsidy.

Key Features

• Total assistance: ₹1.00 lakh (₹50,000 loan + ₹50,000 subsidy)

• Aimed at promoting self-employment among religious minority communities.

• Preference given to women applicants.

Eligibility

• Must belong to a religious minority community (Muslim, Christian, Jain, Buddhist, Sikh, or Parsi).

• Permanent resident of Karnataka.

• Age: 18–55 years.

• Family income: Up to ₹6.00 lakhs per year.

• No State/Central government employee in the family.

• Should not have availed any previous KMDC loan/subsidy (except Arivu and Edeshi Education Loan).

Eligible Activities

Financial aid can be used for small businesses such as:

• Fruit, vegetable, poultry, or fish vending

• Coconut water, sugarcane juice, or soft drink stalls

• Bakery, laundry, salon, beauty parlour

• Mechanic or puncture shops, vehicle repair services

• Electrical/electronic repair, motor rewinding

• Traditional crafts like Bidri ware, silk reeling, toy making

To apply click here