Telangana Minority Loan Scheme:- For the financial year 2024–2025, new online applications are being accepted under the Economic Support Scheme for (Bank Linked & Non-Bank Linked) Subsidy Loans to Minorities beginning on December 19, 2022, and must be submitted by January 09, 2023. Beneficiaries may submit an online application for a business loan on or before the deadline if they intend to take out a loan. Beneficiaries of the Telangana State Online Beneficiary Management and Monitoring System (OBMMS) are urged to take advantage of this chance online by visiting www.tsobmms.cgg.gov.in or https://tsmfc.in. Read below to get detailed information related to the TSMFC Telangana Minority Loan Scheme 2024.
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TSMFC Telangana Minority Loan Scheme 2024
The financial help associated with TSMFC Telangana Minority Loan Scheme 2024 has been made available to all members of minorities by Telangana State’s chief minister. This plan will help all underprivileged minorities. The people who wish to apply for a minority loan program can now fill out their application form through the official portal OBMMS once. The government offers two types of loan programs to minorities: one with an 80% subsidy for loans up to 1 lakh rupees and another with a 70% subsidy for loans up to 2 lakh rupees. They would make this lending facility available to more than 1.5 lakh people. Beneficiaries can register for the 2024–2025 fiscal year at the MPDO Office, District Office, as well as online. Under the Economic Support Scheme 2022–23, only BPL families that possess White Ration Cards are eligible for subsidy loans.
Telangana Minority 1 Lakh Scheme
Minority Loan Scheme in Telangana Details
| Name | TSMFC Telangana Minority Loan Scheme |
| Initiated by | Telangana State Government |
| Beneficiaries | 5000 minorities of Telangana State |
| Loan Amount | 1 – 2 Lakh rupees |
| Application process | Online |
| Website | https://tsobmms.cgg.gov.in |
| Helpline | 7337534111 (10:30 am – 05:00 pm) |
| Email id for online issues | helpdesk.obms@cgg.gov.in |
Benefits of Telangana Minority Loan Scheme
Some of the key benefits of the scheme are as follows:
- Through this program, the Telangana state government helps minorities financially.
- The TS Government offers lending opportunities to TS Minority People through the official website of the Online Beneficiary Management and Monitoring System.
- The government offers two types of loan programs to minorities: one with an 80% subsidy for loans up to 1 lakh rupees and another with a 70% subsidy for loans up to 2 lakh rupees.
- Government offers lending opportunities to more than 1.5 lakh people.
Telangana Unemployment Allowance Scheme
TSMFC Telangana Minority Loan Scheme Categories
The scheme Categories are given in the table below:
| Scheme Category I: | Unit Cost: 1 Lakh RupeesSubsidy: 80000 Rupees |
| Scheme Category II: | Unit Cost: 2 Lakh RupeesSubsidy: 140000 Rupees |
Eligibility Criteria for Minority Loan Scheme in Telangana
The eligibility criteria for the scheme are as follows:
- Applicant must be a citizen of Telangana state
- Candidates must submit an age certificate and be between the ages of 21 and 55.
- Caste certificates and affidavit documents must be issued by the tehsildar to be accepted.
- For rural residents and urban households, the applicant’s family income should be less than 1.50 lakh rupees per annum.
Documents Required to Apply
Some of the important documents required for the scheme are as follows:
- Aadhar Card
- Passport Size Photograph
- Income Proof
- Mobile Number
- Email Id
- Bank Details
- Bonafide certificate
Steps to Apply for TSMFC Telangana Minority Loan Scheme 2024
To Apply for the scheme, the user needs to follow the below-given steps:
- First of all, go to the official website of Telangana State Online Beneficiary Management & Monitoring System (OBMMS) i.e., https://tsobmms.cgg.gov.in/
- The homepage will open on the screen
- Click on the Apply Online for Economic Support Scheme (Minorities Finance Corporation – 2022-23) link
- A new page will open on the screen
- Click on the Economic Support Scheme Beneficiary Registration link
- The registration form will open on the screen
- Now, fill in the form with all the required details like
- Name as per Aadhaar Card
- Aadhaar Number
- Food Security Card No.
- After that, select the Category
- Type of Financial Assistance
- Select the Sector
- Select the Scheme
- After that, click on the Go button
Steps to Check Telangana Minority Finance Corporation Loan Status
To check Telangana Minority Finance Corporation Loan Status, the user needs to follow the below-given steps:
- First of all, go to the official website of Telangana State Online Beneficiary Management & Monitoring System (OBMMS) i.e., https://tsobmms.cgg.gov.in/
- The homepage will open on the screen
- Click on the Beneficiary Search option.
- After that, select Corporation
- Now, enter the Beneficiary Id, Date of Birth, Income Certificate Number
- Finally, click on the Get Details Button