The West Bengal government introduces the Karma Sathi Prakalpa initiative. This program aims to make West Bengal’s unemployed young people self-sufficient. The Karmasathi project (karma sathi prokalpo) aims to make 1 lakh unemployed young people self-sufficient every year. The project grants loans of up to Rs 2 lakh through state-run cooperative banks. In addition, there are loan subsidies available and the option to repay the loan in installments.

Objectives of the Karma Sathi Prakalpa Scheme 2020

• In the new “Karma Sathi Prakalpa” initiative, an unpaid jobless youth gives loans and grants. So they can achieve self-sufficiency.
• Also, to assist young entrepreneurs from the state in establishing new industrial firms. Small businesses include services and trading.
• To provide viable self-employment opportunities in both rural and urban parts of the state.

What are the eligibility requirements for the Karma Sathi Prakalpa Scheme?

• First, candidates must be permanent residents of West Bengal.
• Second, only permanent candidates from West Bengal are eligible for this initiative.
• The scheme’s educational requirements imply a minimum class VIII qualification. Furthermore, the preference applies to prospective business owners that register with the Employment Bank.
• The state-owned co-operative bank made the loan to help “prospective entrepreneurs”. In the age range of 18-50 years. In establishing “new manufacturing enterprises and small businesses”

What documents are necessary to apply online?

The completely completed application form must be submitted with the accompanying duly signed documentation :

• Passport Size Photo
• Adhaar Card
• Project report -(Finaxis can help you with the project report)
• Proof of address & ID
• 10th or 12th Market Sheet
• Certificate of education
• Voting ID Card
• Copy of SC / ST / OBC / Minority / Certificate issued separately, if applicable

For more information about this initiative, check the government  website .

Conclusion:

West Bengal’s Karma Sathi Prakalpa Scheme is an important program designed to empower young people, encourage entrepreneurship, and propel the state’s economy. Through the provision of financial aid, coaching, and training, the initiative has enabled numerous young entrepreneurs to achieve their goals and make a positive impact on West Bengal’s socioeconomic development.