WB Karma Sathi Prakalpa Scheme 2020: State governments announces different schemes for the betterment and to uplift the living standard of the people of the state. Lockdown was the period when central as well as state governments introduced many schemes for the welfare of people of the country and state. WB Karma Sathi Prakalpa Scheme is also one of the schemes of the state government of West Bengal.
West Bengal government launched Karma Sathi Prakalpa Scheme to provide employment to the unemployed poor young people of the state. With the the launch of this scheme, state government aims to reduce unemployment and poverty with one single scheme. Poverty and unemployment are connected and thus this scheme can help a lot in eradication of this issue.
WB Karma Sathi Prakalpa Scheme 2020
West Bengal government launched this scheme on International Youth Day i.e. on 12th August 2020. Under this scheme, state government will provide loans/ subsidies to unemployed people of the state so that they can start a new business and generate employment opportunity for themselves.
West Bengal government has sanctioned a budget of 500 Crore so that this scheme can be implemented successfully. As the scheme is announced by the state government so it will apply to all eligible residents of the state only. Here we have comprised the detail about the scheme along with the eligibility criteria and the process to apply for it. So read on the article and apply to avail its benefits if you are eligible.
West Bengal Karma Sathi Prakalpa Scheme: Details
|Article Category||Government Scheme|
|Scheme Type||State Government funded Scheme|
|State Name||West Bengal|
|Name of Scheme||Karma Sathi Prakalpa Scheme 2020|
|Application process status||Active Soon|
|Purpose of Scheme||To provide loan to unemployed Youth of the state|
|Aim Of Scheme||Make the unemployed people of the state self-employed|
|State government Website||Wb.gov.in|
WB Karma Sathi Prakalpa Scheme 2020
On time-to-time, all the states announce various schemes for the betterment and welfare of their citizens and West Bengal in one of them. West Bengal is a state known for its rich culture and literature. It is one of the most populated states of the country as well and somehow poverty is visible in all the states of India especially with a high population. To make the educated people of the state self-dependent, WB govt has released this scheme. In this scheme, government has mentioned clauses based on which the state residents can apply for a loan from bank to start their business.
This scheme was launched on 12 August 2020 in Kolkata. With this scheme now 1 lakh people of the state can get soft loans and subsidy. On the launching day of this scheme, the Chief Minister of West Bengal Mamta Banerjee shared her tweet about it.
After Lockdown and even in the time of unlocking period the chances of employment are not rising but reducing. Many people with experience and good qualifications have lost their job due to lockdown and restrictions due to COVID-19. If reports to be believed then the coming time may also remain the same or with less improvement in the situation. In West Bengal as well the unemployment rate reached an all-time high at 40%. When such a huge number of the people in a state are not working or unemployed then the progress and prosperity of the state will also get hampered. So it was the need of the hour to launch a scheme like this.
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Those people who will apply for a loan to start a business, also offers an opportunity to others to work with them. So offering loans to people to start a business is a win-win situation. If you too find this scheme promising and you want to start a business in WB then check your eligibility to avail the scheme in the next paragraph.
Key Features of Karma Sathi Prakalpa Scheme
The educated youth of west Bengal have to move to other big cities of the country in search of job. The state has labor and great minds that can start or run big businesses but due to lack of opportunity, they have to move to other states. So instead of making their state rich the people of WB are working for other people and making another state prosperous. The country-wide lockdown has forced these people to come back to their homes.
At this time if a state launches soft loans schemes for its educated youth to start a business that shows how a state wants its people to stay here and work in their motherland. When someone starts a business then he creates job opportunities for others too.
- In this scheme, the state government has released a budget of 500 crores to provide help to the youth of the state.
- This scheme is only for the educated youth of the state.
- Applicants must belong to West Bengal and must be a permanent resident to get the benefits of this scheme.
- Approx 1 lakh young people will get benefited from this scheme.
- The duration of repayment of the soft loan will be three years.
Eligibility Criteria for WB Karma Sathi Prakalpa Scheme
Here are the eligibility criteria to get the benefits of the scheme launched by the state government of West Bengal. If you fulfill the given below criteria then you can apply for this scheme.
- As it is a state government funded scheme so it is a must for the applicant to be a permanent resident of West Bengal state.
- Applicant must be educated- Must have passed 10th and 12th classes from state, central, and other recognized education boards.
- The applicant must be in his/her young age.
Important Documents to Apply For Scheme
Applicant will have to show the following documents to apply for the scheme;
- Aadhar card
- Voter ID card
- Passport size photograph
- Domicile or Address proof
- Educational certificates of Applicant
- Other relevant documents
How to Apply for Karma Sathi Prakalpa Scheme?
After reading about the scheme and its benefits to the people of West Bengal state you must want to know how can you apply for the scheme. But as this scheme was launched just a few days back so the governenment is yet to release details about the process to apply for the scheme of Karma Sathi Prakalpa. It is expected that the concerned department will release the process to apply for the scheme soon. We will update you as soon as some official notification will be released about it.
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Frequently Asked Questions (FAQs)
Very soon the concerned department will launch the way to apply to get the benefits of the loan. We will update the process here as well. After this, you can apply for the scheme.
If you are a permanent resident of WB and want to start some business here in WB only then you can apply for the scheme.
An applicant can apply for a loan of 2 lakh under this scheme.
The budget for this scheme is to set 500 crore rupees.
The government has not provided any information about the implementation or application procedure of this scheme. However, it is expected to be disclosed soon. Keep in touch with this page for all the lasted updates on this particular scheme of West Bengal govt.