KMDC Direct Loans for Business Enterprise — Up to ₹20L — Eligibility Criteria

Eligibility for this scheme is defined by your household and community profile rather than by the nature of your business idea. An applicant has to satisfy all of the following conditions.

• Domicile: you must be a resident of Karnataka.
• Community: you must belong to one of the State's Religious Minority Communities — Muslim, Christian, Sikh, Buddhist or Jain.
• Age: you must be between 18 and 55 years old.
• One beneficiary per family: the business/enterprise loan is given to only a single member of a family.
• Family income: the household income ceiling is ₹15 lakh per annum, and the exact interest slab you fall into is decided by your income level.

There is no separate DPIIT or MSME registration requirement mentioned for this scheme — the test is residency, community, age, family income and the ability to offer acceptable security.

KMDC Direct Loans for Business Enterprise — Up to ₹20L is open to startups at the idea, product and revenue stage. The programme is targeted at startups registered in Karnataka. Applicants should be registered as private limited, llp and opc.