Kapu Corporation Lone: Capu Corporation Loan on Subsidy- Application Policy, Eligibility, Full Details

Capu Corporation Lone: The Government of Andhra Pradesh provides loans through corporations on self -employment schemes and general medical shops. BC, EBC, Kapu, Brahmin, Kshatriya, Kamma, Reddy and Vaishiya are lending on subsidy. The application process has started to this extent. Eligible people can apply till the 22nd of this month. Through the Kapu Nigam, the Kapu social class has two ways to finance the economically deprived.

1. Chandrana Self -planned

Capu Welfare and Development Agency (APSKWDC) offers economically backward Kapu castes in the state as part of the “Financial Assistance Program- Chandrana Self Employment”. Those applying under this program to Rs. Provides financial assistance up to Rs. This aid can be used to establish new businesses or to expand existing businesses.

This program applies to economically weaker families in the Kapu community in Andhra Pradesh.
Those who want to establish an entertainment in Andhra Pradesh or those who want to expand the existing company can apply.
The proposed unit costs in 3 slabs.

Slab 1:

➤ The price of your unit is Rs. The applicant can get a loan from 1,00,000 banks.

Slab 2:

➤ The price of the unit is Rs. The bank can be borrowed up to Rs 1,50,000.

Slab 3:

The unit costs up to Rs 5,00,000, but 50%of its cost and maximum Rs. It is possible to get a loan of rupee.

Eligibility

The applicant should belong to the Kapu community. This means that Kapu, Balija, Telga and Lonely should be subtitled.
The applicant should live in Andhra Pradesh.
The applicant should belong to a family with white ration cards.
The applicant should have a company in AP or plan to establish.
When applying for this scheme, the applicant should be between 21 and 50 years.
The applicant should not get loans under any other government scheme/program.
In the last financial year, the beneficiaries of financial assistance from Kapu Nigam are not eligible.

Application process, desirable documents

Eligible candidates should register their application online on the format suggested on APSKWDC website. it Apply on the website.

1. White ration card belonging to the applicant’s family

2. Aadhaar card of applicant

3. Caste certificate

4. Birth date is proof

5. Passport Size Photo (up to 50 KB size)

2. Group MSME Program

Andhra Pradesh Kapu Welfare and Development Corporation (APSKWDC) has launched “Group MSME Program”. Under this program, the applicants who have been selected by the definite process, they have Rs. 1,000,000 (Rs 10 lakh) will provide financial assistance. 3 to 5 members can be formed and implemented to install new MSME enterprises.

1. The proposed project cost is at least Rs. 25,00,000 (Twenty -Five Lakh).

2. Corporation by Rs. 10,00,000 (Rs 10 lakh) subsidy.

3. In terms of margin money for the project, the beneficiary is at least Rs. There should be an investment of 5,00,000.

4. The remaining required balance can be obtained as a bank loan after subsidy and cooperation of beneficiaries. It is at least Rs. Equal to 10,00,000.

Eligibility

The proposed project group should have 3-5 members.
The group of applicants should be from the Kapu community, Kapu, Balija, Telga and Lonely subconscious.
All group members should live in Andhra Pradesh.
Each member of the group’s income limit is Rs. Only 8,00,000 should be.
This group should plan to set up a company.
Group members should be between 21 and 50 years to apply for the program.
Group members should not have defaulters for any bank or any financial institution.
No member of the group should help under any other government program for the same purpose.

Application process

Eligible members apply their application The register should be registered online on a fixed format on the website.

1. Income certificate

2. Aadhar card

3. Caste certificate

4. Birth date is proof

5. SSC pass certificate

6. PAN card

7. Passport Size Photo (up to 50 KB in JPEG format)

8. All members of the group are 6 months of bank statement.

9. Project report with financial elements

10. Each member is a self -affidavit that is not default for any bank or financial institution (must be verified by a government official).

11. Signs of all members about installing margin money

Applications have already started. Applications for BC and ECB communities have been declared as the last date for the 22nd of this month. However, the last date for Kapu loan applications has not been clarified yet.