Annasaheb Patil Loan Scheme has been launched by the Maharashtra Government. The Annasaheb Patil Loan Scheme offers interest-free loans ranging from 10 to 50 lakhs to educated and competent youngsters in Maharashtra who want to start their own businesses or grow an existing one. Maratha youngsters are given loans to start their own businesses on behalf of the Maharashtra government through the Annasaheb Patil Economically Backward Development Corporation. Recently, the Maharashtra Government issued a Government Decision (GR) authorizing the disbursement of 30 crore rupees on behalf of the Annasaheb Patil Economically Backward Development Corporation. Keep reading this article for further information. All the important details about this loan scheme will be provided in this article.
Overview of Annasaheb Patil Loan Scheme
Regarding the state’s unemployment, the Annasaheb Patil Loan Scheme was established to provide employment to the unemployed Maratha population, assist in business, and improve the state’s industrial sector. This initiative provides loans for businesses to the state’s youth in a very simple manner. Under this model, if a company makes a loan, the corporation pays the interest. This helps young people start their own businesses. The corporation is working to provide loans to the young of the Maratha community. In the beginning, the teenagers had a difficult time obtaining financing from the firm. But eventually, the government improved the system for the youth so that they could receive funding as soon as possible. This system sets aside 4% of the total budget for the disabled.
Objective of Annasaheb Patil Loan Scheme
The main and the most important objective of this scheme is to provide loans under the Annasaheb Patil Loan Scheme to the youth of Maharashtra state for they to start new businesses or expand current ones. To give financial help to economically disadvantaged groups, particularly unemployed youth, for them to start new businesses. Implementing plans to create jobs and self-employment prospects. To provide social development for economically disadvantaged groups. The bank provides self-employment to government-certified institutions as part of this strategy. Economically disadvantaged individuals are provided interest-free loans to establish employment groups, partnership societies, cooperative societies, corporations, LLPs, and FPO industries. The employment of the state will gradually increase, and the living standard of people will increase and get better.
Key Highlights of Annasaheb Patil Loan scheme
| Name of the scheme | Annasaheb Patil Loan Scheme |
| Launched by | The government of Maharashtra |
| Year | 2024 |
| Benefit | To provide loans to the youth of state for starting their own business |
| Objective | To generate employment |
| Beneficiaries | The citizens of Maharashtra |
| Application mode | Both online and offline |
| Official site | https://udyog.mahaswayam.gov.in/#/home |
Also Read: Mudra Loan Bank List
Eligibility Criteria
- The beneficiary must be a Maharashtra resident.
- The benefit age limit should be 55 years old for men and 55 years old for women.
- The beneficiary should not have benefited from any other Corporation plan
- Persons with disabilities must present a certificate of disability.
- A person can only participate in one scheme.
- A bank account must be connected to an Aadhaar card
- The name should be registered on the corporation’s online web page
- The beneficiary must not be in default with any bank or financial institution.
Required Documents
- Letter of approval for a bank loan
- Loan Account Bank Statement
- Aadhaar / Shop Act License
- Business Project Report
- Business Photograph
Also Read: Mahaswayam Registration
Benefits of the scheme
- The Annasaheb Patil Economic Development Corporation offers loans of up to Rs 10 lakh to enthusiastic young people in the state who want to start their own businesses or expand existing ones.
- The loan’s interest is paid through the Annasaheb Patil Economic Development Board.
- Annasaheb Patil Economic Development Corporation offers interest-free loans.
- A loan of up to Rs 10 lakh is offered under the Annasaheb Patil Economic Development Corporation Scheme to a person whose total yearly income is less than Rs 8 lakh.
- If the beneficiary pays the loan payments on schedule, the interest (12%) is sent into the recipient’s bank account every month.
How to apply for Annasaheb Patil Loan Scheme Online 2024
- First and foremost, the applicant must visit the governments official website.
- You must first register on the home page.
- You will now be prompted for your details for a new registration, which you must fill out. After you have completed all the fields, click the Next button
- You will now be given a username and password to use it.
- After logging in, click on apply, then select your district before clicking on the apply button.
- Your personal information is now visible to you.
- Now you must fill out the information about your group/company.
- You must now upload the necessary papers.
- As a result, your registration under this plan will be expedited.
How to login Annasaheb Patil Loan Scheme Online 2024
- First you must open the official website for the scheme.
- After opening the website, the homepage of the website will appear on the screen.
- On the upper right side of the page, you will see an option for logging in.
- Fill in your username and user password and
- Fill in the Captcha code and then click on the login option.
- You will be logged in to your profile.
Contact details
- Telephone No. 022-27571942/27571944
- Email – support@ese.maharashtra.gov.in
FAQs
The Annasaheb Patil Loan Scheme was established to provide employment to the unemployed Maratha population, assist in business, and improve the state’s industrial sector. This initiative provides loans for business to the state’s youth in a very simple manner.
The Patil Loan Scheme offers interest-free loans ranging from 10 to 50 lakhs to educated and competent youngsters in Maharashtra who want to start their own business or grow an existing one.
The beneficiary must be a Maharashtra resident. The benefit age limit should be 55 years old for men and 55 years old for women. The beneficiary should not have benefited from any other Corporation plan
You can easily apply online for this scheme. You must visit the online website first and get yourself registered first and after that fill and submit the required documents and submit the application form.