Telangana State Minorities Finance Corporation is inviting Telangana Minority Loan Scheme application form 2023-2024. The state govt. has sanctioned Rs. 50 crore for Telangana Loan Scheme for Minorities. You can apply online for "Economic Support Scheme" as TSMFC minority loan scheme in Telangana. Small entrepreneurs can fill registration form for bank-linked subsidy under Minorities loan scheme in Telangana state.
Telangana Minority Loan Scheme 2023-2024 Subsidy Amount
Applicants can avail the following amount under Telangana loan scheme for minorities:-| Category | Unit Cost upto (Rs.) | Subsidy by TSMFC (%) | Bank Loan/Beneficiary Share (%) |
| 1st Category | Rs. 1 lakh | 80% | 20% |
| 2nd Category | Rs. 2 lakh | 70% | 30% |
In Category 1, eligible minority candidates will get upto Rs. 1 lakh while in category 2, eligible minority candidates will get upto Rs. 2 lakh. This amount would be given as loan under TSMFC minority loan scheme. Subsidy component for Category 1 will be 80% and for Category 2, subsidy component will be 70%.
Minority Loan Scheme in Telangana Apply Online
- Visit the official website https://tsobmms.cgg.gov.in/
- Click at "Apply Online for Economic Support Scheme (Minorities Finance Corporation)" link.
- Then minority loan scheme in Telangana apply online page will open.
- At the TSMFC minority loan scheme apply online page, click at "economic support scheme beneficiary registration click here" button.
- Then Telangana Loan Scheme for Minorities online registration form will open.
- Enter name as per aadhar, aadhaar number, food security card number, select category, type of financial assistance, sector, scheme name and click "Go" button.
- Upon clicking the "Go" button, the TSMFC Minority Loan scheme online registration process will get completed.
Eligibility Criteria to Fill TSMFC Minority Loan Scheme Application Form
- Applicant must be a permanent resident of Telangana state.
- He/She should belong to minority community.
- Applicant must possess aadhaar card.
- The age of the applicant must lie b/w 21 to 55 years.
- Annual family income of the candidate, from all sources, must not exceed Rs. 1.5 lakh in rural areas and Rs. 2 lakh in urban areas.
- Only BPL families holding white ration card are eligible for subsidy loans under economic support scheme.
Check TS Economic Support Scheme Loan Status
Follow the process below to check TS economic support scheme loan status:-
- First of all, visit the official website https://tsobmms.cgg.gov.in/
- Once you reach homepage, click "beneficiary search" option.
- Select corporation and enter beneficiary id.
- Then enter date of birth, income certificate number and click "Get Details" button.
- Then your minority loan scheme application status will get displayed on your screen.
Documents List to Apply Online for Telangana Loan Scheme for Minorities
- Aadhaar card
- Income Proof
- Minority certificate
- Email ID
- Bank passbook
- Residence certificate
- Activated mobile number
- Recent passport size photograph
Applicants must stay away from mediators while applying for minority loan scheme in Telangana.
Selection Process for TS Minority Loan Scheme
Selection of applicants for loan disbursal under Minority Loan Scheme in Telangana would be transparent. The selection committee would comprise the district collector and the District Minorities Welfare Officer. The complete details regarding Telangana loan scheme for minorities can be accessed at www.tsobmms.cgg.gov.in.
Touching upon the large backlog of older applications which were not processed, sources from the TSMFC said that these applicants would have to reapply. No provision in the government order has been made to accord them priority. The sources said that there is a backlog of around 1 lakh such applications.
Touching upon the large backlog of older applications which were not processed, sources from the TSMFC said that these applicants would have to reapply. No provision in the government order has been made to accord them priority. The sources said that there is a backlog of around 1 lakh such applications.
Data is taken from https://tsobmms.cgg.gov.in/ portal.
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Telangana