• To provide self-employment opportunities to educated unemployed youth from the Economically Backward Class (EBC).
• To provide encouragement and financial assistance to unemployed youth from the EBC for starting businesses in allied agricultural activities, marketing, processing, industry, storage, small-scale industries, transport, and various other sectors.
• Through this, to promote the economic upliftment of youth, reduce unemployment, and contribute to the overall development of the state.

The Annasaheb Patil Arthik Magas Vikas Mahamandal implements the following two main schemes to promote self-employment among citizens from the Economically Backward Class (EBC) in the state.

Individual Loan Interest Rebate Scheme (IR-I)

• Under this scheme, the beneficiary must have taken a loan from a bank for a business or enterprise.
• As per the Government Resolution dated May 20, 2022, the loan limit has been increased from ₹10 lakh to ₹15 lakh.
• In such cases, a rebate is provided up to an interest limit of ₹4.5 lakh.
• However, beneficiaries who received an L.O.I. (Letter of Intent) before May 20, 2022, will be subject to the old loan limit of ₹10 lakh and the interest rebate limit of ₹3 lakh.
• Interest Rebate Period: Maximum 5 years.
• Interest Rate: Maximum 12% per annum.

Group Loan Interest Rebate Scheme (IR-II)

Under this scheme, a group of at least two or more individuals must have taken a loan from a bank for a business/enterprise.

• The loan period under this scheme is 5 years or the actual loan period, whichever is less.
• If the group pays the loan installments on time, the Mahamandal deposits the interest rebate amount monthly into their bank account.
• Interest rebate is also available under this scheme for loans taken by FPO (Farmer Producer Organization) groups for allied agricultural businesses.

• Residency: The applicant must be a resident of Maharashtra State.
• Category (Caste): These schemes are primarily applicable for the Maratha category, as well as for beneficiaries from categories for which a separate Mahamandal does not exist.
• Age Limit: The beneficiary's age should be up to 60 years.
• Income Limit: The beneficiary's family annual income should be up to ₹8 Lakh.
• A Tehsildar's certificate or the personal I.T.R. of the applicant and spouse must be submitted as proof of income.
• Loan Source: The beneficiary must have taken the loan from a Nationalized, Scheduled, or Co-operative Bank operating within the geographical area of Maharashtra State.
• Differently Abled Persons (Divyang): If a differently abled beneficiary wishes to avail of the scheme, they must be mentally sound.

Group Loan Scheme (IR-II)

There is no maximum age limit for the Group Loan Interest Rebate Scheme (IR-II).

• Partnership Firms
• Co-operative Societies
• Self-Help Groups (SHGs)
• LLP (Limited Liability Partnership)
• Institutions registered under the Companies Act
• Other Government-registered groups/institutions

Purpose of Scheme: Interest rebate will only be provided for loans taken for business or enterprise under the Mahamandal's schemes.

Implementation Basis: These schemes are implemented as per the Government Resolution No. APAM 2017/Pr.No.187/Roswaro-1, dated November 21, 2017.

• Partnership Firms & Organizations
• Co-operative Societies
• Self-Help Groups (SHGs)
• Limited Liability Partnership (LLP)
• Section 8 Company / NGOs
• Farmer Producer Companies (FPCs / FPOs)
• Private Limited Companies (Pvt. Ltd.)
• Joint Ventures (JVs)
• Other groups and institutions registered under the Companies Act.

Yes. Differently abled candidates can apply for these schemes if they are mentally competent to run a business. The same rules regarding interest rebate on their loans apply as to other candidates. 4% of the Mahamandal's total budgeted funds are reserved for differently abled beneficiaries.

No. Under the IR-II Scheme, the age limit condition does not apply to Women Self-Help Groups (SHGs) and Farmer Producer Groups/Companies (FPCs / FPOs). These groups are not bound by any kind of age limit.

1. Initial Registration:

To avail of this scheme, the candidate must first register themselves on the website www.udyog.mahaswayam.gov.in using their Aadhar Card.

During registration, verification must be done through the OTP received on the Aadhar-linked mobile number. The candidate's mobile number must be linked with their Aadhar number.

After submitting the online application, the Mahamandal will notify the candidate via SMS within the next 7 working days (excluding government holidays) whether they are eligible or if there are any discrepancies in the application.

If the candidate is found eligible, they will receive the Letter of Intent (LOI) online.

2. Obtaining the Letter of Intent (LOI):

The applicant must fill in an affidavit in the online form stating that the terms and conditions are acceptable.

The following necessary documents must be uploaded online:

• Aadhar Card: Both sides must be scanned and uploaded.
• Proof of Residence: Any one of the following.
  1. Latest electricity bill / Gas connection book / Telephone bill
  2. Residential certificate issued by the Tehsildar
  3. Ration Card / Passport / Rent Agreement (Note: If not in the applicant's name, submit proof of relationship with the concerned person)
• Proof of Income: Family income certificate from the Tehsildar or the latest ITR of the applicant and spouse (if any).
• Proof of Caste: Caste certificate or School Leaving Certificate.
• One-page Project Report: Prepared according to the sample provided online.

The following entities/groups are eligible for the IR-II Scheme:

• Limited Liability Partnership (LLP)
• Private Limited Company
• Partnership Firm

• Required Documents for a Partnership Firm:
• Form-A
• Partnership Deed
• Authorized Person Resolution
• Form-E (if co-borrower is changed)

• Required Documents for a Limited Liability Partnership (LLP):
• LLP Agreement
• Form-16
• Authorized Person Resolution
• Form-E (if co-borrower is changed)

• Required Documents for a Private Limited Company:
• Memorandum of Association (MOA)
• Articles of Association (AOA)
• SPICe (INC-32) – Simplified Proforma for Incorporating Company Electronically
• Authorized Person Resolution

Under this scheme, loans can only be availed through the following types of banks:

• Nationalized Banks
• Private Banks
• Co-operative Banks (Banks providing loans to Small and Medium Enterprises (SMEs) in urban and rural areas are eligible.)

• Aadhar Card* - Latest mobile number and personal e-mail ID are mandatory.
• Proof of Residence* - Residential certificate / Electricity bill / Ration Card / Gas bill / Bank passbook.
• Proof of Income* - Income certificate from the Tehsildar or ITR.
• If married: ITR of both husband and wife.
• If unmarried: Personal ITR.
• Caste Certificate or School Leaving Certificate.
• One-page Project Report - (According to the sample available on the web system).

• Aadhar Card is incomplete / incorrect.
• Income certificate is insufficient.
• School Leaving Certificate or Caste Certificate is absent.
• Project Report is not in the correct format.
• If the income certificate shows another person's name.
• If the uploaded documents are unclear or illegible.

• If there are any alterations, changes, or incorrect information found in the 5 mandatory documents.
• If incorrect, incomplete, or ineligible documents are uploaded.

• Loan Disbursement Statement
• Loan Disbursement Letter
• EMI Schedule
• Udyog Aadhaar

• If incorrect documents were uploaded (updated) instead of the certified ones.
• If the required documents uploaded are not clear or legible.

• If the bank sanction letter or loan disbursement letter was issued before the date of the LOI (Letter of Intent).
• If the loan was taken from any financial institution other than eligible banks as per the government resolution.
• If the loan was taken for a purpose other than a business loan, such as a Personal Loan or for other reasons.

• Upload a correct and updated bank statement.
• The statement must clearly show that the installment was paid on time and in full.
• The statement must be signed and stamped by the concerned bank.

CIBIL Score means the Credit Score, which is a number that evaluates your credit history. This score ranges from 300 to 900. Banks and financial institutions check this score when applying for a loan or credit card. For more information, you can check the notification on the official link of the Reserve Bank of India (RBI).

For more information, please refer to the relevant notification on the Reserve Bank of India (RBI) website.

CGTMSE and CGFMU fees are annual charges (Annual Fee). If they are separate from the interest, the Mahamandal reimburses them once every year.

CGTMSE (Credit Guarantee Fund Trust for Micro and Small Enterprises) is a Government of India scheme that helps enterprises in the MSME sector obtain collateral-free loans.

This scheme is jointly implemented by the Ministry of Micro, Small and Medium Enterprises (MSME) and the Small Industries Development Bank of India (SIDBI).

Key Objectives:

• To provide collateral-free loans from banks to Micro and Small Enterprises for starting or expanding their business.
• To facilitate easy access to credit for enterprises.

Benefits:

• Availability of collateral-free loans
• Comparatively lower interest rates
• Guarantee protection for banks
• Encouragement for business expansion

Application Process:

• An application for a loan under CGTMSE can be made at any bank.
• After sanctioning the loan, the bank requests a guarantee from CGTMSE.
• Once CGTMSE accepts this guarantee, the loan becomes secure.

For more information: www.cgtmse.in

CGFMU (Credit Guarantee Fund for Micro Units) is a Central Government scheme that provides loans to Micro Units without the need for collateral or third-party guarantee.

Objective:

To remove the difficulties faced by micro enterprises in obtaining loans by providing a credit guarantee to the lender.

Key Features:

• In case of default by the borrower, the bank receives compensation from CGFMU.
• Facilitates easy finance for small and micro entrepreneurs.
• Encourages loan distribution by reducing the risk for lenders.

In summary: CGFMU is a financial protection and loan guarantee scheme for micro entrepreneurs.

• Bank charged interest is not visible.
• The installment is paid, but it is not clearly visible in the statement.
• The same business photo has been uploaded repeatedly.
• RC Card has not been updated for a vehicle loan.
• Bank statement does not have a signature or stamp.
• Incorrect amount / month has been specified.
• Incorrect statement has been uploaded.
• Business photo has not been updated within the stipulated time.

• The installment has not been paid in full.
• The installment is not visible in the EMI Schedule.
• The installment was not paid at all.
• The period of the RC or Transfer Certificate for the vehicle loan is incorrect.
• The Ledger Balance in the claim profile has become zero.
• The installment was not paid on time.
• The case belongs to other financial institutions like NBFC.
• If the sanction/disbursement letter is dated before the date of the eligibility certificate (LOI).
• If a Duplicate Entry is found.

As per the savings policy of the Mahamandal, the lowest value among the amount requested by the beneficiary, the amount in the bank statement, and the amount in the EMI Schedule is considered for the rebate.

In the case of vehicle loans, the interest rebate is calculated based on the date of RC Registration or the Transfer Certificate.

Example:If the vehicle was registered in January 2025 and the claim was submitted in March 2025—since the installment is half-yearly—the interest rebate will be granted only for the month of February, excluding the period from January to February.

Your claim has reached the final stage. The relevant amount will soon be transferred to the beneficiary's bank account.

The interest rebate is provided for a maximum of 7 years from the loan sanction date, or the actual loan period, whichever is less.

• Interest rebate will be given only on the installments paid regularly.
• Interest rebate will not be given for the period during which the installment was not paid on time.

If, at any stage while receiving the interest rebate from the Corporation, it is found that the beneficiary has committed fraud or has availed the benefit of the interest rebate through incorrect means, the Corporation reserves the full right to recover (Recovery) the entire interest rebate amount from the concerned beneficiary. Additionally, necessary administrative/legal action will be taken.

Currently, the Corporation is implementing the Interest Rebate Scheme for various businesses.

• To view the complete list of eligible businesses, please click on the following link:
Link of Business List (Auto Display)

A separate Mahamandal exists for your category. You can apply and avail of the scheme only through the concerned Mahamandal reserved for your category.

You can contact the Mahamandal's office in your district. You should also contact the helpline number on the portal. For more information, visit: