The Tantya Mama Economic Welfare Scheme is an initiative launched by the Madhya Pradesh government to provide financial assistance to poor families belonging to the Scheduled Caste (SC) and Scheduled Tribe (ST) communities. The scheme was introduced in 2023 by Chief Minister Shri Shivraj Singh Chouhan.
About the Scheme
The scheme aims to address the financial limitations impoverished individuals face in starting their businesses. These individuals often lack access to adequate facilities and are forced to borrow at high interest rates, further worsening their financial situation. To address these issues, the Madhya Pradesh government has introduced the Madhya Pradesh Tantya Mama Economic Welfare Scheme.
Administered by the Tribal Affairs Department and Finance and Development Corporation of Madhya Pradesh, the scheme provides loans ranging from ₹10,000 to ₹100,000. Beneficiaries receive a 7% interest rate subsidy along with a bank loan guarantee valid for up to 5 years. To be eligible, applicants must be between the ages of 18 and 55. The scheme provides benefits to each beneficiary only once.
Benefits of the Scheme
- Financial Assistance: Eligible families receive a one-time financial assistance of ₹50,000 under the scheme.
- Housing Assistance: Eligible families receive loan assistance of up to ₹2 lakh for housing construction under the scheme.
- Education Assistance: SC and ST students receive loan assistance of up to ₹1 lakh for higher education under the scheme.
- Medical Assistance: SC and ST families suffering from serious illnesses receive free medical assistance under the scheme.
- Self-Employment Assistance: Under the scheme, a bank loan of ₹10,000/- to ₹1,00,000/- will be provided to the beneficiary.
- Interest Grant and Bank Loan Guarantee: A 7% interest grant and bank loan guarantee will also be provided to the beneficiary.
- Interest Subsidy: A 7% interest subsidy will be provided to the beneficiary for a maximum period of 5 years.
Eligibility
- Residency in Madhya Pradesh is mandatory under the scheme.
- The applicant’s family must belong to the SC or ST community.
- The family’s annual income must not exceed ₹1 lakh.
- The applicant’s family must not own a pucca house.
Required Documents
- Application Form
- Residence Certificate
- Caste Certificate
- Income Certificate
- Aadhaar Card of Family Members
- Bank Account Passbook
- Passport Size Photograph
Application Procedure
Eligible beneficiaries can avail the benefits of the Madhya Pradesh Tantya Mama Economic Welfare Scheme by applying online through an application form. The online application form for the Madhya Pradesh Tantya Mama Economic Welfare Scheme is available on all portals of Madhya Pradesh.
To apply, applicants must first register. To register, applicants must fill in the following details:
- Applicant’s Name
- Date of Birth
- Select Gender
- Select Caste
- Relative’s Name
- Mobile Number
- Email ID
After registration, applicants can log in using their registered mobile number and date of birth. Upon logging in, applicants must select the Madhya Pradesh Tantya Mama Economic Welfare Scheme from the list of schemes. Applicants must fill out the application form correctly and upload all required documents on the portal. The concerned authorities will verify the application form along with the documents. After verification, selected beneficiaries will be provided benefits under the scheme.
Note:
- The scheme is available only to residents of Madhya Pradesh state.
- The benefits and eligibility requirements of the scheme may be subject to change.
Additional Information:
- The scheme is implemented by the Tribal Affairs Department, Government of Madhya Pradesh.
- For more information about the scheme, you can contact the nearest Janpad Panchayat or Vikas Khand office.
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