Andhra Pradesh

Chanakya Scheme for Micro Entrepreneurship-Swayam Upadhi in Andhra Pradesh

The Chanakya Scheme for Micro Entrepreneurship-Swayam Upadhi in Andhra Pradesh (Andhra Pradesh Brahmin Welfare Corporation). The main objective behind introducing this scheme is to provide a loan to those Brahmin people who wish setup “Micro Business” in Andhra Pradesh and encouraging entrepreneurship in Brahmin community and to encourage Brahmins to set up new / expand the existing various sectors. Under this scheme loan is provided up to Rs. 10, 00,000 (Ten lakh) for starting Micro Business and Subsidy over the sanctioned loan is maximum Rs. 2, 00,000 (Tow lakh) is given. Forgetting eligible for this scheme candidate needs to qualify some eligibility norms which are mentioned below. The scheme is the biggest initiative if Andhra Pradesh government to encourage and promote entrepreneurship in Brahmin community.

Toll-Free Number: 1800 102 3579

Benefits of Chanakya Scheme for Micro Entrepreneurship-Swayam Upadhi in Andhra Pradesh:

  • Chanakya Scheme for Micro Entrepreneurship-Swayam Upadhi In Andhra Pradesh provides a loan to start Micro Business in Andhra Pradesh and subsidy over the sanctioned loan. Structure of loan is mentioned below
  • Antyodaya: Provides loan up to Rs. 1.5 lakh and 80% subsidy over sanctioned loan
  • Adhyudaya: Provides loan up to Rs. 1.6 to 3 lakh and 60% subsidy over sanctioned loan
  • Abhivrudhi: Provides loan up to Rs. 3 to 10 lakh and 40% or up to Rs. 10 lakh subsidy over sanctioned loan
  • ABC Ltd shall credit the eligible subsidy through online transfer directly to the Non-Operative Savings Bank account of the beneficiary

Required eligibility and conditions for applying Chanakya Scheme for Micro Entrepreneurship-Swayam Upadhi in Andhra Pradesh:

  1. The applicant must belong to Brahmin community
  2. Applicant’s annual income should not more than Rs. 1 lakh for Antyodaya loan category
  3. Applicant’s annual income should not more than Rs. 2 lakh for Adhyudaya loan category
  4. Applicant’s annual income should not more than Rs. 3 lakh for Abhivrudhi loan category
  5. The applicant should be residing in any of the 13 districts of Andhra Pradesh
  6. Subsidy will be sanctioned only once to the entire family, as defined in the ration card
  7. Applicant availing subsidy from Andhra Pradesh Brahmin Welfare Corporation Ltd shall not be eligible under any of the similar schemes for the next 5 years
  8. The beneficiaries who have availed any financial assistance (subsidy) from the Corporation against Chanakya Scheme in exactly previous year for any business activity will not be eligible
  9. The activity proposed by the applicant should be technically feasible and economically viable and it will be considered by the Corporation on merits
  10. The Microbusiness should be set up in Andhra Pradesh only
  11. Preference shall be given to applicants who are availing the economic Support schemes for the first time, women applicants

Document required for applying Chanakya Scheme for Micro Entrepreneurship-Swayam Upadhi in Andhra Pradesh:

  1. Note: Applicant need upload the scanned copies (in pdf of maximum 250 kb size each) of the following documents
  2. Aadhar Card of the Applicant
  3. Caste certificate
  4. Income certificates issued by competent authority or Integrated certificate (Caste / Income / Residence / Date of Birth) issued by Mee-Seva, in the name of the applicant, in one pdf file
  5. Certificate of highest qualification of the applicant
  6. Bank details e.g. IFSC code, MICR code, account number, branch name
  7. A brief write-up covering applicant’s profile, project scope & cost, expected revenues and profits
  8. If available, bank consent letter for the loan as per the scheme guidelines
  9. Passport size photograph

Application procedure:

  1. Eligible students shall fill their application online andhrabrahmin.ap.gov.in in the prescribed format
  2. Applicant should upload the scanned copies (in pdf of minimum of 50 kb maximum 250 kb size each) of the documents mentioned above

Contact Details:

  1. For any query https://www.andhrabrahmin.ap.gov.in/cont/contact.aspx

References & details:

  1. For more details regarding documents and other help please visit official website: https://www.andhrabrahmin.ap.gov.in/chanakya/chanakya.aspx
  2. Everything about scheme: https://www.andhrabrahmin.ap.gov.in/chanakya/sus.pdf
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