On August 27, 2020, Chief Minister Pinarayi Vijayan declared the Kerala Athijeevanam Keraleeyam Scheme. The state government will utilize its CM Local Employment Assurance Programme (LEAP) to execute this scheme. Kudumbashree Micro Enterprise development programme is proposing to introduce the Kerala Athijeevanam Keraleeyam Project. Altogether 50k people are expected to benefit from the Kudumbashree Micro Enterprise development programme. The Kerala Athijeevanam Keraleeyam Scheme includes the KMEDP as a key component. This will result in the establishment of 3,000 individual businesses and 2,000 group businesses. Until then, Kudumbasree members and their families would not be able to start their own businesses. More than ten thousand people will gain from the scheme.
What are the Benefits of the Kudumbashree Micro Enterprise Development Programme?
- Loans of up to a maximum of Rs. 2.5 lakh shall be granted for individuals to set up their own venture.
- Venture and groups can avail the benefit of up to 10 Lakh
- The youth will be provided with appropriate training in the skills needed for the job.
- Free of cost training will be provided.
What are the Eligibility for the Kudumbashree Micro Enterprise Development Programme?
- The applicant must be a permanent residents of Kerala state
- The age of the applicant must range between 18 years to 35 years.
- Applicant should hail from a poor family
- Applicants belonging to Scheduled Tribe (ST) and differently-abled categories will get a 10-year age relaxation
What are the Documents needed for the Kudumbashree Micro Enterprise Development Programme?
- Aadhar Card
- Identity Card
- Business Plan/Project Report
- Ration card
- Residence certificate
- Income certificate
- Passport size photo
- Mobile number
- Differently-Abled Certificate (if applicable)
- Caste Certificate (if applicable)
In the above list, a Business plan also known as a project report is a crucial document when applying for a bank loan. The bank uses this document to analyze the overall feasibility, risks, financial viability, and potential of a project. A well-crafted and convincing project report increases the chances of loan approval. With Finline you can craft a compelling project report in less than 10 minutes. That too in your language. All the public and private sector banks working in India accept our reports. Click to create your project report.
How to apply for the KMEDP?
Visit the following website to fill out the application form and choose the KMEDP component of the Athijeevanam Keraleeyam Scheme.
