SELF EMPLOYMENT SCHEME FOR REHABILITATION OF MANUAL SCAVENGERS (SRMS) - Agri & Rural

Features

• Beneficiaries : The Self Employment Scheme for Rehabilitation of Manual Scavengers (SRMS) was launched in January 2007, for rehabilitation of identified manual scavengers and providing assistance for sanitation related projects. The scheme is implemented by Ministry of Social Justice and empowerment, Government of India.
• Purpose : For rehabilitation of identified manual scavengers and providing assistance to sanitation workers for running sanitation related projects or identified project for which they have acquired necessary training.
• Quantum of Finance
  • For Individual Maximum Project cost of Rs.15.00 lakhs
  • For SHG/Group Rs 10.00 lac per beneficiary Maximum Project cost of Rs. 50.00 lakhs
  • The project would include general projects as well as sanitation related projects. An indicative list of projects, which may be selected by the beneficiaries is given as Annexure-I.
• Repayment
  • The period of repayment of loan, including moratorium period will be 5 years for the projects up to Rs. 5 lac and
  • 7 years or the projects above Rs. 5 Lac with a moratorium period to start the repayment of loan will be up to 6 months.
• ROI
  • For both CC and TL
  • Present effective rate = 9.15%+3.25% = 12.40% (w.e.f. 15.02.2023) for Individual Customers
  • EBLR + 3.25% =12.15 w.ef 15.02.2025
• Rate of interest prescribed under SRMS and Interest subsidy
  • Project costing up to Rs. 1.00 lakh- 5% p.a. (4% for women beneficiaries)
  • Project Costing above Rs. 1.00 lakh- 6% p.a
• Margin
  • Up to Rs. 5.00 lakh- 50% of the P.C
  • Beyond Rs. 5.00 lakh and up to Rs. 15.00 lakh-
  • Rs. 2.5 lakh+25% of remaining project cost (maximum capital subsidy Rs. 5.00 lakh)