Karnataka Kayaka Yojana 2024: Application Form, Benefits, Eligibility

The Karnataka Kayaka Yojana is a recently launched initiative by the Karnataka government aimed at fostering the growth and development of self-help groups (SHGs) across the state. This scheme focuses on empowering SHGs by providing interest-free loans through cooperative sector banks. Eligible individuals can take advantage of this opportunity by applying online and completing the Kayaka Yojana application process.

This article highlights the key benefits and features of the Kayaka Yojana, explaining how it can support women and SHGs in achieving financial independence and sustainable growth. We will also walk you through the steps to fill out the online application form and provide all the necessary details for successfully registering under this program.

Karnataka Kayaka Yojana 2024

The Karnataka state government, under the leadership of the Chief Minister, has launched a loan scheme aimed at empowering women’s self-help groups (SHGs). This initiative offers interest-free or heavily subsidized interest rates on loans, with cooperative banks providing financial support of up to 10 lakh rupees. Introduced as part of the state’s 2018-19 budget, the Karnataka Kayaka Yojana aims to boost employment opportunities for women and promote their entrepreneurial ventures. This scheme is part of a broader array of social welfare and people-oriented programs designed to foster skill development and entrepreneurial growth across the state.

Karnataka Skill Connect Portal

Karnataka Kayaka Yojana 2025 Details

Karnataka Kayaka Yojana 2025 Objectives

The primary objective of the Karnataka Kayaka Yojana is to provide financial support to women and self-help groups (SHGs) while creating opportunities for self-employment. The scheme aims to strengthen SHGs and empower them, enhancing the agency of women within these organizations. By offering easy access to loans, the program helps improve the financial status of SHG members, enabling them to secure bank loans without difficulty. This initiative seeks to uplift women economically and socially, fostering their entrepreneurial growth and independence.

Karnataka Raitha Samruddhi Yojana

Kayaka Yojana Karnataka Benefits

The Karnataka Kayaka Yojana provides several benefits to women and self-help groups (SHGs), aiming to enhance their financial independence and create employment opportunities:

• Support for Self-Employment: Women and SHGs receive government assistance in their pursuit of self-employment, leading to increased employment opportunities.
• Financial Improvement: Participants in the scheme can improve their financial standing through the financial aid provided.
• Easy Access to Loans: Women can easily avail loans under the scheme, with the major benefit being the provision of interest-free loans for amounts up to Rs. 5 lakhs.
• Subsidized Interest Rates: Loans between Rs. 5 lakhs and Rs. 10 lakhs attract a low interest rate of 4%, making it more affordable for SHGs to access funds.
• Cooperative Bank Loans: The loans can be obtained from cooperative banks recognized by the state government, simplifying the process for applicants.
• Loan Amount: The maximum loan amount available under the scheme ranges from Rs. 1 lakh to Rs. 10 lakh.
• Guaranteed Purchase of Products: The state government will purchase the finished products created by SHG members, ensuring a stable income stream for successful applicants. This provides a reliable market for their goods.

Karnataka Kayaka Yojana Eligibility

To apply for the Karnataka Kayaka Yojana, applicants must meet the following eligibility criteria:

• Permanent Residents: Only those who have Karnataka as their permanent home are eligible to apply for the scheme.
• Self-Help Group Members: The scheme is specifically designed for members of Self-Help Groups (SHGs). Only SHG members can apply for the benefits of this Yojana.
• SHGs in Karnataka: This Yojana is open to SHGs that are officially recognized and approved within the state of Karnataka.
• Income Limit: The applicant's household income must be less than Rs. 20,000 per month. Households with an income exceeding Rs. 20,000 per month are not eligible for registration under this scheme.

Required documents of the scheme

Documents for Scheme are listed below

• 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

To apply for the Karnataka Kayaka Yojana, interested candidates and Self-Help Groups (SHGs) must follow the steps outlined below:

• Online Registration: Applicants must first register on the official Karnataka Kayaka Yojana website. Without registration, they will not be able to access the digital application form.
• Complete the Application: Once the online form becomes available, applicants need to fill in the required details and complete the application process. Specific instructions will be provided on the website when the application process begins.
• Further Details: The state administration has not yet provided detailed instructions regarding the registration system. As soon as more information is available, it will be updated and shared on the official portal.
• Loan Disbursement: After the successful completion of the registration and application process, the approved loan amount will be credited directly to the applicant's bank account.

Stay tuned for updates regarding the enrollment process once they are made available by the state government.

Vidyavahini Portal Registration

Summary of Karnataka Kayaka Yojana 2024

The Karnataka Kayaka Yojana, launched in January 2021, aims to empower women and Self-Help Groups (SHGs) by providing interest-free or low-interest loans for self-employment opportunities. SHG members can access loans ranging from Rs. 1 lakh to Rs. 10 lakh, with interest rates of 0% for loans up to Rs. 5 lakh and 4% for amounts between Rs. 5 lakh and Rs. 10 lakh. Applicants must be Karnataka residents with a household income under Rs. 20,000 per month.