andhrabrahmin.ap.gov.in Chanakya Scheme for Micro Entrepreneurship Swayam Upadhi 2017-18 : Andhra Pradesh Brahmin

Organisation : Andhra Pradesh Brahmin Welfare Corporation (ABC)
Scheme Name : Chanakya Scheme for Micro Entrepreneurship – Swayam Upadhi – 2017-18
State : Andhra Pradesh
Scheme Last Date :   07-12-2017
Notification : https://www.scholarships.net.in/uploads/19234-sus.pdf
Website : http://www.andhrabrahmin.ap.gov.in/schemes/schemes.aspx

Chanakya Scheme for Micro Entrepreneurship :

** Andhra Pradesh Brahmin Welfare Corporation (APBWC), a Government of Andhra Pradesh undertaking, is introducing “Chanakya Swayam Upadhi Scheme” for Micro Entrepreneurs (CS-MESU) for encouraging entrepreneurship in the Brahmin community of Andhra Pradesh for the year 2017-18.

Update : Andhra Pradesh Brahmin Chanakya Scheme For Micro Entrepreneurship Swayam Upadhi 2018-19 : www.scholarships.net.in/26203.html

** The Corporation will provide subsidy (Front end) for setting up new or expansion of the existing Micro enterprise. The scheme is meant for unemployed persons only. Employed either in private/public sector are not eligible.

Objective :
** To encourage economically weak Brahmin Entrepreneurs set up new / expand existing Micro Enterprises in Andhra Pradesh in various sectors for his/her livelihood.

Scope :
** This scheme is applicable for the economically weak Brahmins of Andhra Pradesh, who wants to set up new/ expand the existing Micro Enterprises in Andhra Pradesh, as detailed below

Eligibility :
** The applicant should belong to Brahmin Community.
** The applicant must be residing in Andhra Pradesh only.

** The applicant should be aged between 21 to 50 years as on 01.04.2017.
** Applicant should have relevant qualification
** Employees either in private or public sector and Students are not eligible under the above schemes for Financial Assistance from the Corporation.

** The annual income of the applicant and his family from all sources should not exceed Rs.75,000/- in case of Antyodaya Scheme, and Rs.1,00,000/- in case of Abhyudaya scheme and Rs. 3,00,000/- in case of Abhivrudhi Scheme.
** The project/activity of the applicant should be technically feasible and financially viable and is acceptable to the Corporation. The Corporation will consider the application on merits.

** The applicant should not have availed himself/herself any financial assistance under other Government Scheme/program for the same purpose.
** The applicant availing Financial Assistance under Chanakya Swayam Upadhi Schemes of the Corporation shall not be eligible under any of the similar schemes for the next Five years.

** The beneficiaries who have availed financial assistance under Chanakya Swayam Upadhi Schemes in 2015-16 & 2016-17 from AP Brahmin Welfare Corporation are not eligible for Five years from the date of sanction of subsidy by the Corporation.

** Only one Economic Support Scheme shall be granted per family (as defined in the ration card).

Preference shall be given to :
** Candidates with higher qualification or requisite qualifications required for the activity.
* *Candidates who have undergone training under any skill improvement programme of the government or welfare corporation either in the current year or earlier.

** Applicants who are availing the economic support schemes for the first time.
Widow/Destitute/women applicants.
** Disabled.

Application Procedure :
** The applicant should upload the scanned copies (in pdf format with maximum 250kb size each) of the following documents.
a) Aadhar Card of the applicant.

b) Caste and Income Certificates issued by the competent authority or an integrated (Caste/Income/Residence /Date of birth) issued by Mee-Seva, in the name of the applicant in one pdf file.
c) Date of birth proof of the applicant.

d) Highest Educational qualification certificate of the applicant
e) A Brief write-up covering applicants profile, project scope & cost, expected revenues and profits in the prescribed format, available in our website.

f) Latest Passport size photograph of the applicant.
g) Declaration from the applicant, duly stating that he is an unemployed and not working anywhere ,either in private or public sector.

Selection Process :
** District wise/Bank Branch Wise Targets will be communicated to the Lead District Managers for getting approval in respective District Consultative committee meetings.
** Applications will be invited from the eligible beneficiaries through on line.

** Applications received will be sent to the bank branches as per targets allotted/approved in the DCC.
** The Branch Manager shall select the beneficiaries as per guidelines of the scheme, at branch level and issue consent letter for the selected candidates.

** On receipt of the consent letters from the Banks the state level committee(SLSC) shall scrutinize and finalise the eligible applicants
** APBWC shall release the proceedings to the financing Bank and the beneficiary.

** The concerned Bank shall sanction loan to the beneficiary and open Bank Loan account and Non-operative SB Account in the name of the beneficiary and inform the TWO account details along with IFSC code in FORMAT -I to APBWC.
** APBWC shall credit the eligible subsidy (Front end subsidy) through online transfer directly to the Non- Operative Savings Bank Account of the beneficiary.

** On receipt of the Subsidy from the Corporation, the bank shall release the loan amount along with subsidy and beneficiary contribution to the supplier/s by way of Demand Draft / Online transfer and submit the Utilization certificate(Format-II) along with photograph of the unit to APBWC.

** Banks should not keep the subsidy amount as security deposit under any circumstances. The subsidy provided by the Corporation should be disbursed along with bank loan invariably by way of DD/on line transfer to the Supplier of the goods. The Bank should not credit either the bank loan or subsidy to the Savings Bank account of the beneficiary under any circumstances.

** The bank shall ensure end use of funds and the unit is established.
** APBWC shall conduct inspection of units grounded on random basis to ensure proper utilization of the subsidy.