Under the MPSC/JC scheme, what is the maximum bank loan amount and the maximum subsidy provided?

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ALoan up to Rs 5 lakh, 20% subsidy (max Rs 1 lakh)

BLoan up to Rs 10 lakh, 25% subsidy (max Rs 2 lakh)

CLoan up to Rs 7.5 lakh, 30% subsidy (max Rs 1.5 lakh)

DLoan up to Rs 10 lakh, 50% subsidy (max Rs 3 lakh)

Answer:

It is a group-oriented self-employment scheme.
The scheme is designed to support the development of enterprises in the unorganised sector
Under this scheme, bank loans of up to 10 lakh with 25 per cent subsidy (subject to a maximum of Rs 2 lakh), are given to start self-employment group ventures
The scheme is open to groups consisting of 2 to 5 members.

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