How to Apply for a Minority Loan in Telangana?

Telangana State Chief Minister had released Rs 50 crore for bank link subsidy. Under Bank Linked Subsidy, the Government implemented minority loans in the Telangana scheme. 

It was released to provide financial assistance to minority people. For the financial year 2023-24, minority people will get a loan facility from the Government.

Minority loan in Telangana 

Now, all the people who want to apply for a minority loan scheme can fill out their application form through the official portal OBMMS; currently, the Government has released the application form, but only the notification for providing the subsidy has been released. 

The Government provides loan facilities to minorities under two categories: one with an 80% subsidy of 1 lakh rupees and another with a 70% subsidy of 2 lakh rupees.

The below article will give you complete details about this scheme for minorities, so you can read the full article to get full information. 

Details regarding eligibility criteria, registration process, required documents, requirements, etc. You will also get details about the application process in the Application Form Pdf below article.

Telangana Minority Loan Scheme 2024

The Chief Minister of Telangana State has released the financial assistance related to this scheme to all the minority people. It will benefit all the backward minority people from this scheme. 

They get loan facilities in two categories: one for Rs 1 lakh with 80% subsidy and another for Rs 2 lakh with 70% subsidy. They will provide more than 1.5 lakh people with the benefit of this loan facility.

A loan facility is provided only for self-employment activities, and the maximum expenditure for self-employment activities is Rs.10 lakhs. The Government provides a subsidy of 70% to 80%.

Requirements for the Telangana Minority Loan Scheme

• Applicants should be between 21 and 55 years of age and provide an age certificate. 
• The applicant’s annual family earnings should be less than 1.50 lakhs for rural people and less than two lakhs for urban families. 
• Affidavit documents and caste certificates are required, which should be issued by the Tehsildar. 
• The candidate’s annual income should not be high.
• Telangana state government provides financial assistance to minorities through this scheme. 
• Suppose a person would like to take advantage of the benefits of this scheme. In that case, they should be a permanent citizen of Telangana state. 
• Under the official website of the Online Beneficiary Management and Monitoring System, the TS Government gives loan facilities to TS Minority People. 
• There are two categories in which a person can be eligible to avail of the benefits of this scheme.

Documents required 

• Aadhaar card. 
• Proof of income. 
• A valid email address. 
• Bank-related details. 
• Bonafide certificate. 
• Current valid phone number. 
• Photograph (passport size).

Application Process for Minority Bank Linked Loan in Telangana

• Online Application
• MPDO will select eligible candidates.
• The submitted application will be checked by the District Minority Welfare Officer of DMWO, which can be sent along with the bank for the bank link. 
• The subsidy will be released to eligible beneficiaries – MD, TSCMFC. 

Telangana State Bank Linked Subsidy Application Form 2023-24

In OBMMS Telangana State Online Beneficiary Management and Monitoring System, the Telangana Minority Loan Scheme Application Form is available. The Telangana government will shortly release the notification regarding the application form.

TS government has not yet released the application form for the scheme registration; the Government will release only the notification regarding the scheme’s implementation. 

All the applicants who need to apply for this scheme can apply once the Government releases the form for application.

Online Registration for Telangana Minority Loan:

Applicants must submit their enclosure and application form along with bank approval to the Municipal Commissioner and District Minority Welfare Officer. They will release the loan amount after the approval of the District Collector, and the beneficiaries will receive the sponsorship in their bank accounts. 

• First, go to OBMMS’s official website.
• Next, you will be redirected to the homepage of this website.
• Then, you will have to look for the Minority Loan Application Notifications regrade link, option, or news.

• After that, tap on that notification and carefully check the conditions mentioned regarding loan-related eligibility. 
• There, you will see you apply the online option.
• Click on it and enter all the details asked there.
• First, enter your Aadhaar number and click on the “Get Details” button.
• Enter the Beneficiary’s Name and Father’s Name 
• Aadhaar and Mobile Number 
• Select Gender and Religion 
• Enter Meeseva Income Certificate Number (Example-IC021XXXXXX) 
• Date of Birth and Age Enter  
• Enter your annual income and eligibility 
• Select your district, Mandal/municipality. 
• Enter Complete Address 
• Select Beneficiary Type and Financial Assistance 
• Upload your photograph and click on the preview button. 
• Once the details are checked correctly, click on the submit button. 
• After successful submission, check your “Beneficiary ID” with your “Beneficiary ID” to check your application status online. 
• You will receive the message on your mobile phone number.

How do you check Telangana Minority Finance Corporation loan status? 

• Visit the Official Website.
• Then Click on Beneficiary Search
• Select Corporation

• Enter Beneficiary Id
• Enter Date of Birth
• Enter your Income Certificate Number
• And Click on the “Get Details” Button
• Check your complete details and status

Frequently Asked Questions