Karnataka Kayaka Yojana 2024: Application Form, Benefits, Eligibility

The Karnataka Kayak Scheme is an innovative scheme launched in Karnataka with the objective of promoting and facilitating the development of Self Help Groups (SHGs) across the State.

Through the Kayak Scheme, the state government would provide loans to these units from cooperative banks. People can apply online for this program and get an interest-free loan by completing the necessary steps in the Kayak Program online application form and get more information here.

In this post, we will share the important information and benefits of the scheme that eligible women will get if they enroll under it.

Karnataka Kayaka Yojana Details

Name of the Scheme	Karnataka Kayaka Yojana
Launched Date	January 2021
Launch by	Karnataka State Govt.
Inaugurated By	Karnataka CM HD Kumaraswamy
Apply	Online
Loan Amount	Not Mentioned
Interest Rate	Up to 5 Lakhs – 0%, Above 10 Lakhs – 4%

Karnataka Kayaka Yojana Eligibility

1. Those who have made Karnataka their permanent home are eligible to submit an application for this program.
2. The plan was intended for the participants of the Self Help Groups.
3. This Yojana is open to participation from all candidate-approved SHGs located within the state of Karnataka.
4. It is required that the candidate’s household brings in less than Rs. 20,000 per month in total income. If they have more than twenty thousand then they can’t be registered under the scheme

Kayaka Yojana Benefits

• Women and SHGs receive support from the government in their search for self-employment. Which means more job opportunities.
• SHG members can improve their economic status by participating in the scheme. Financial assistance will be available.
• Under the scheme, women can easily access loans. The main advantage of the scheme is the fact that the applicant will be given interest-free loan.
• If the applicant charges less than Rs. 5 lakhs, no interest is charged on the loan. If the amount is between Rs. 5 lakh and Rs. 10 lakhs, then they have to pay 4% interest.
• The applicant is eligible for a loan from one of the cooperative banks, which has been made publicly available by the state government.
• The maximum loan amount is between INR 1 lakh and 1 lakh.
• The Karnataka state government is going to procure the finished goods produced by the SHG members. For this reason, successful applicants will receive a reliable income.

Yojana Documents

• Certificate of residency of the applicant.
• ID Proof such as aadhar card etc.
• Bank Account Information.
• Membership Certificate for Self-Help Groups
• Income Certificate.
• Candidate’s Photograph

Karnataka Kayaka Yojana Applying Procedure

1. The administration of the state has previously said that any interested candidates and self-help groups would be required to register on the official website for the program in order to participate. 
2. If they do not have this, then they will not be able to get their hands on the digital registration form.
3. Applicants will be required to complete the necessary steps in order to apply for the loan once the online form is made available.
4. More specifics concerning the actual enrollment system have not been supplied by the state administration. 
5. When they are finally made available, we will provide the relevant information about them in this post.
6. Applicants will have the loan amount sent to their separate bank accounts when the preliminary registration has been completed.

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