Annasaheb Patil Loan Scheme | Get Detailed Information Here

Implemented by Maharashtra Govt Annasaheb Patil Loan Scheme In today’s article we are going to know detailed information about it. Also up to how much rupees the applicant can get and how? Full information about getting loan is given in this article.

The government has launched this innovative Loan Yojana to help the youth of the state stand on their own feet. Annasaheb Patil Loan Scheme will provide loans of up to 50 lakh rupees to young people to start a business. One big special aspect of this is that not even a single rupee will be taken as interest, the government will give interest free loan at 0% interest rate.

If you want to start any business, you will get loan through this scheme. How to avail the scheme? How to apply? Who will be eligible? We will see all such information in detail below.

Annasaheb Patil Loan Scheme Details

Name of the schemeAnnasaheb Patil Loan Scheme
Beginning of the planMaharashtra Government
PurposeLending to youth to help them stand on their own feet
benefit10 to 50 lakh rupees loan
BeneficiaryYoung Citizens of Maharashtra State
Application Processonline
Official website

Annasaheb Patil Loan Scheme Qualification Details

Who will be eligible for Annasaheb Patil loan scheme? Eligibility criteria are as follows:

  • The applicant candidate should be a permanent resident of the state of Maharashtra.
  • Age of male candidate should be maximum 50 years.
  • Age of female candidate should be maximum 55 years.
  • Male Female Candidate Applicants should belong to Maratha community.

Annasaheb Patil Loan Scheme Benefits

  • The youth will get a loan ranging from Rs 10 lakh to Rs 50 lakh to start a business or expand it if they have an existing business.
  • The loan to the applicant is to be disbursed by the Board without interest, and the interest on the loan is to be repaid by the Annasaheb Patil Economic Development Corporation.
  • If the candidate repays the loan within the given term, or pays the installments within the term, the person will get 12% interest on the loan, along with this amount will be credited to the beneficiary applicant’s bank account every month.

Annasaheb Patil Loan Scheme Documents

Documents required while applying on official website:

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  • Applicant’s Aadhaar Card
  • Copy of PAN card
  • Annual Generated Certificate
  • Proof of age
  • cast certificate
  • Applicant’s photograph
  • active mobile number
  • Email Id
  • Business report

Documents required for taking loan from bank:

  • Applicant’s Aadhaar Card
  • light bill
  • ration card
  • License to start business
  • Bank account statement
  • Bank’s Cibil Score
  • Business report
  • Vocational Training Certificate

Documents required for refund of interest on timely payment of installments:

  • Loan Approval Letter from Bank
  • Bank account statement
  • License to start business
  • Business report
  • Business photo

Annasaheb Patil Loan Scheme Application Process

  1. Initially the official of Annasaheb Patil Economic Development Corporation Visit this portal.
  2. On going to the site, you first need to register yourself, fill in the information asked for, and login to the site.
  3. Then click on this option to apply on Home Page, a form will open in front of you. There you have to fill your personal information along with the information asked for.
  4. In the form it is necessary to enter the complete details of the business along with all the documents that are asked to be uploaded in soft copy.
  5. Thus you are yours Annasaheb Patil Loan Scheme You can complete the online registration for

Under Annasaheb Patil Loan Scheme, you are given a loan through a nationalized bank, if you have applied properly for the Annasaheb Patil Loan Scheme, and you are eligible for the loan, then you are approved by the bank.

Annasaheb Patil Loan Scheme FAQ

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