Bank-Linked Subsidy Scheme

TS MFC provides concessional Subsidized Loans with Bank Linkage for Minorities for self employment and income generating ventures under Category –I & II

The financial assistance from the TSMFC by way of subsidy would be linked to the credit component of Banks.

Funding Pattern

Funding as per Slabs / Ranges
Category-I	Unit Cost: Upto Rs.1.00 lakh : Subsidy: 80%  maximum of Rs.80,000/- Balance: 20% (either Bank Loan or Candidate share)
Category-II	Unit Cost: From Rs.1.00 lakh above & upto Rs.2.00 lakhs Subsidy: 70% subject to maximum of Rs.1.40 lakh Balance: 30% (either Bank Loan or Candidate Share)

Eligibility Criteria

• Beneficiary should belong to minority community
• Age between 21 to 55 years
• Annual family income Rs.1,50,000/- in Rural areas & Rs.2,00,000/- Urban areas
• Aadhaar Card
• White Ration Card / Food Security Card

 

Under Bank-Linked Subsidy Scheme, so far (21,118) Minority beneficiaries in the State have been benefitted with 80% & 70% Subsidy, with Balance 20% & 30% is Bank Loan

BUDGET ALLOCATION - 2022-23

The Government have allocated Rs.25.47 crores for TS Minorities Finance Corporation for implementation of Economic Support Schemes of the Corporation during the year 2022-23.