Details

The scheme “Self-Employment loan scheme for Minority Widows, Divorcees / Abandoned Women” was introduced by the State Minority Welfare Department, Government of Kerala. The scheme aims to provide self-employment loans to women from minority communities. Through this scheme, government financial assistance with a 20% subsidy is provided to widows, divorced women, and abandoned women from minority communities. The scheme is implemented by the Kerala State Minority Development Finance Corporation.

Benefits

Financial assistance of up to ₹1,00,000/- as a government subsidy.

Maximum loan amount of ₹5,00,000/-.

The interest rate on the loan amount (excluding subsidy) is 6%.

Conditions/Criteria Associated with Benefits:

A 20% subsidy (maximum ₹1,00,000/-) is provided on the loan amount.

For a loan amount of ₹1,00,000/-, the subsidy is ₹20,000/-.

For a loan amount of ₹2,00,000/-, the subsidy is ₹40,000/-.

For a loan amount of ₹3,00,000/-, the subsidy is ₹60,000/-.

For a loan amount of ₹4,00,000/-, the subsidy is ₹80,000.

For a loan amount of ₹5,00,000/-, the subsidy is ₹1,00,000/-.

*At each stage of disbursement, photos and bills must be submitted.

*Direct inspection will be conducted at each stage of disbursement.

*An additional interest of 6% will be charged for misuse of funds.

Eligibility

The applicant must belong to a minority community (Muslim, Christian, Buddhist, Sikh, Parsi, Jain).

The applicant should be a widow, divorced woman, or abandoned woman.

The applicant’s age should be between 20 and 60 years.

The applicant’s family’s annual income should not exceed ₹2,50,000/-.

Preference/Priority

Priority will be given to mothers of children below 18 years of age.

Priority will be given to widows from families identified through the extreme poverty identification survey.

Exclusion

The following types of land are not accepted as collateral: Kuzhikanam, Verumpattom, Devaswam Verumpattom, pledged land, and agricultural fields (if patta is not received).

Residential land less than 4 cents will not be accepted as collateral.

Application Process

Offline

Step 1: Visit the official website of the Directorate of Minority Affairs and check on “News & Updates”. Select the “Self-Employment loan scheme for Minority Widows, Divorcees / Abandoned Women” and obtain the application form.

Alternatively, you can also visit the official website of KSMDFC and go to the “Application Form” section and select the “Application Form for Widows’ Loan Subsidy”. Take a printout and fill out the application form.

Step 2: Attach the required copies of documents (Income Certificate, Caste/Age Certificate, Certificate proving applicant is a widow/divorced/abandoned woman) for primary verification.

Step 3: Submit the filled application form, either directly or by post, to the respective Regional Office of the Kerala State Minority Development Finance Corporation in your district.

*Attend the interview, bringing all original documents mentioned in the “Documents Required – For Interview” section.

*If the loan is approved, submit the additional required documents as per the chosen guarantee type (officer guarantee or property guarantee).

*The loan will be sanctioned as per the Corporation’s rules and government regulations

Documents Required

1. For Initial Application (Copies to be submitted with the application):

Income Certificate from the Village/Tahsildar.

Caste/Age Certificate (Copy of School Certificate).

Certificate proving the applicant is a widow, divorced, or abandoned woman.

2. For Interview (Originals to be presented):

Ration Card.

Aadhaar Card.

Caste/Age Certificate (Copy of School Certificate).

Income Certificate.

Certificate proving the applicant is a widow, divorced, or abandoned woman.

Permanent Residency Certificate.

Copies of the above documents (if not submitted previously).

Documents required after the loan amount is decided during the interview:

1. For Officer Guarantee (if applicable):

Salary Certificate of employees (working in government, quasi-government/public sector undertakings/panchayats/municipalities/universities/co-operative banks/aided schools/colleges).

Non-objection certificate (for employees on deputation, from the parent department).

Employment certificate (salary certificate) (only for those providing a guarantee).

2. For property guarantee (if applicable):

Original deed of the property.

Adiadharam/Pattayam.

Property tax receipt for the current financial year.

Possession certificate (from village office).

Non-attachment certificate (from village office).

Property valuation certificate (from village office).

Property location map.

Location certificate (from village office).

Kudikkadam certificate for 14 years (from sub-registrar office).

Other required documents (if advised by the advocate).

Latest Kudikkadam certificate (after signing the agreement, up to the agreement date).