Sant Ravi Das Swarojgaar Yojana — Up to ₹50L for SC Founders in MP — Frequently Asked Questions

The amount depends on what you are building. A manufacturing unit — either a new one or an expansion of an existing one — can be sized at a project cost of ₹1 lakh to ₹50 lakh. Service and retail trade ventures are supported from ₹1 lakh to ₹25 lakh. On top of the project funding, the scheme pays 5% of the annual interest on your Term Loan and Working Capital Loan.

Approved beneficiaries receive a 5% annual interest subsidy on both Term Loans and Working Capital Loans. It stays available for up to 7 years, and any moratorium period falls inside that 7-year window. The one condition is regular repayment — if the loan instalments are not maintained, the benefit is not guaranteed.

The scheme is meant for Scheduled Caste residents of Madhya Pradesh. An applicant has to be between 18 and 40 years old, have passed at least class 12, and come from a family whose yearly income is not more than ₹12.00 lakh. They must also be free of any default with a bank or financial institution — including MFIs, NBFCs, small finance banks and PACS — and must not already be receiving support under another state or central self-employment scheme.

Support is divided into two broad categories. The first is manufacturing, where proposals can go up to ₹50 lakh. The second covers service and retail trade ventures, which are supported up to ₹25 lakh. In both cases the project cost can start from as little as ₹1 lakh.

No. The scheme runs on a rolling basis, so applications are accepted through the year rather than against one annual cut-off. That said, submissions are expected within any prescribed period laid down by the department, so it is worth confirming the current position at the office when you collect your form.

The process is offline. Visit the Scheduled Caste Welfare Department Office in Madhya Pradesh during working hours and ask the concerned authority for the prescribed hard-copy application form. Fill in every mandatory field, paste a passport-sized photograph, and attach self-attested copies of the necessary documents. Submit the signed form and attachments to the designated authority, and ask for a receipt or acknowledgement — ensure it carries the date and time of submission and a unique identification number if one applies. The scheme notification is published at https://govtpressmp.nic.in/pdf/extra/2022-05-13-Ex-249.pdf.

No. This is a subsidy scheme, not an equity investment. The support arrives as an interest subsidy tied to your loans rather than as a shareholding, so the department does not take a stake in the venture.

The application has to be complete in all mandatory fields, with a passport-sized photograph affixed and self-attested copies of the required documents attached. Since the department verifies age, Madhya Pradesh residency, Scheduled Caste status, class 12 qualification and family income during screening, keep the records supporting each of those conditions ready, and confirm the exact document list with the department office when you apply.

Yes. Beneficiaries take part in a 12-day training module on entrepreneurship development, delivered online. It is designed to build business and operational skills alongside the financial assistance.

No. An applicant who is currently a beneficiary of any other state or central self-employment scheme is not eligible for the Sant Ravi Das Swarojgaar Yojana. You would need to be free of that other scheme's benefits to qualify.

No. DPIIT (Startup India) recognition is not listed as a mandatory requirement for Sant Ravi Das Swarojgaar Yojana — Up to ₹50L for SC Founders in MP, though having it can strengthen your application and unlock other benefits.

Sant Ravi Das Swarojgaar Yojana — Up to ₹50L for SC Founders in MP is offered by Tribal Welfare and Scheduled Caste Welfare Department, Government of Madhya Pradesh, a government body. It is provided as non-dilutive funding.

Apply directly through the official application link on this page. Review the eligibility criteria and prepare your startup documents before you begin.