AI SummaryMadhya Pradesh government is taking applications under Dr. Bhimrao Ambedkar Aarthik Kalyan Yojana for the financial year 2026-27. Scheduled Caste men and women can get a bank loan of ₹10,000 to ₹1 lakh for a new business, and the state pays 7 percent interest subsidy on it for up to 5 years.
Applications are taken online through SAMAST portal run by MP Online. Districts have already received their unit targets for this year, so the sooner a file is submitted, the better the chance of approval within the target.
Dr. Bhimrao Ambedkar Aarthik Kalyan Yojana Apply Online
Applying is fully online now. Offline forms at the district office are no longer the main route, so anyone planning to apply should keep scanned documents ready before starting.
STEP 1 - Open the official SAMAST portal at samast.mponline.gov.in and register with your mobile number and Samagra ID to create a login.
STEP 2 - After logging in, pick the department option for Scheduled Caste welfare and then select Dr. Bhimrao Ambedkar Aarthik Kalyan Yojana from the scheme list shown on the dashboard.
STEP 3 - Fill in personal details, family income, the type of business you want to start and the project cost you need, which has to stay between ₹10,000 and ₹1 lakh.
STEP 4 - Upload the scanned copies of caste certificate, Aadhaar, PAN, domicile proof, Samagra ID, photo and bank passbook, then submit the form and note down the application number.
STEP 5 - Track the file on the same portal. Once the district office clears it, the case goes to the bank you selected, and the bank does its own checking before approving the loan.
Dr. Bhimrao Ambedkar Aarthik Kalyan Yojana Highlights
| Detail | Information |
|---|---|
| Scheme Name | Dr. Bhimrao Ambedkar Aarthik Kalyan Yojana |
| State | Madhya Pradesh |
| Main Department | Tribal Welfare and Scheduled Caste Department |
| Eligible People | Scheduled Caste men and women of Madhya Pradesh |
| Loan Amount | ₹10,000 to ₹1 lakh |
| Interest Subsidy | 7 percent per year for up to 5 years |
| Guarantee Fee | Paid by Madhya Pradesh government |
| Application Mode | Online |
| Official Website | samast.mponline.gov.in |
Benefits Given Under The Scheme
Main benefit is the interest subsidy. Bank gives the loan at its normal rate, and the state pays 7 percent of that interest every year for a maximum of 5 years, so the monthly burden on a new shop or small unit stays low in the early years.
Along with the interest subsidy, the guarantee fee under the credit guarantee cover is also paid by the state. That means no property or collateral has to be kept with the bank for a loan of this size, which is the biggest problem most first-time borrowers face.
Who Can Apply
Rules for 2026-27 are simple, and there is no education condition at all now. Anyone from the Scheduled Caste category who fits the points below can apply.
- Applicant must be a permanent resident of Madhya Pradesh and belong to the Scheduled Caste category, with a permanent caste certificate to prove it.
- Age should be between 18 and 55 years on the date of applying.
- Family annual income should not be more than ₹12 lakh, counting the income of the applicant, spouse and dependent members.
- Applicant should not be a defaulter of any bank or government institution, including NBFC, small finance bank or cooperative society.
- Applicant should not already be getting benefit from any other state or central self-employment scheme.
Loan is given only for setting up a new unit. Old or running businesses do not qualify, and the project has to be in manufacturing, service or trade line that the bank agrees to finance.
Documents Required
Keep clear scanned copies ready before opening the online form, because the portal asks for uploads at the time of filling itself.
- Permanent caste certificate issued by the competent authority in Madhya Pradesh
- Aadhaar card and PAN card of the applicant
- Domicile proof of Madhya Pradesh and Samagra ID
- Recent passport size photograph and signature
- Bank passbook copy showing account number and IFSC
- Age proof such as birth certificate or school certificate
- Short project details of the business you want to start
Help Number And Where To Ask
For any doubt about the form or the status of a submitted file, contact the Executive Officer of the District Antyavasayi Cooperative Development Committee in your district collectorate. Districts also share a local number for this scheme, for example Raisen district has given the contact number 9691413912 for scheme related queries.
People looking at other loan options in the state can also read about Sant Ravi Das Swarojgaar Yojana and Mukhyamantri Aarthik Kalyan Yojana, which work in a similar way for other groups.
References
SAMAST Portal, Government of Madhya Pradesh
FAQ's
Who can apply for Dr. Bhimrao Ambedkar Aarthik Kalyan Yojana?
Scheduled Caste men and women of Madhya Pradesh aged 18 to 55 years, whose family income is up to ₹12 lakh a year and who are not defaulters of any bank.
How much loan is given under this scheme?
Loan for a new business unit is given from ₹10,000 up to ₹1 lakh through banks, based on the project cost approved by the bank.
What is the interest subsidy amount?
State pays 7 percent interest subsidy every year for a maximum of 5 years on the approved loan, and the guarantee fee is also paid by the state.
Where to apply for this scheme?
Applications are taken online on the SAMAST portal at samast.mponline.gov.in after registering with mobile number and Samagra ID.
Is any education qualification required?
No. There is no minimum education condition for this scheme, so even applicants who have not studied formally can apply.
Is the scheme running in 2026?
Yes. Districts have received unit targets for the financial year 2026-27 and applications are being taken on the portal.
Do I have to give any property as security?
No property is needed. Loan is covered under the credit guarantee cover and the guarantee fee is paid by the state government.
Can I apply if I already take benefit from another self-employment scheme?
No. Anyone already getting benefit from another state or central self-employment scheme is not eligible for this one.
Can the loan be used for an existing shop?
No. Money is given only for starting a new unit in manufacturing, service or trade, not for a business already running.
How long does approval take?
After the district office clears the file, the bank does its own checking. Time depends on the bank, so keep tracking the application number on the portal.