Latest Update Annasaheb Patil Loan Scheme Information Eligiblity,Benefits,Online Apply 

The Annasaheb Patil LoanEconomic Development Corporation (APEDC) has introduced the Annasaheb Patil Loan Scheme 2024 to provide financial support to economically vulnerable citizens of Maharashtra. This initiative Annasaheb Patil Loan empowers individuals, especially unemployed youth, to establish or expand their businesses without financial stress.

The Annasaheb Patil Loan Scheme aims to empower financially vulnerable citizens of Maharashtra, particularly unemployed youth and economically disadvantaged groups, by providing loans to kickstart or expand their businesses . This Annasaheb Patil Loan initiative promotes entrepreneurship, self-employment, and job opportunities, ultimately contributing to the state’s social development

• Age Limit: Be between 21 and 40 years old, although some sources mention 18 to 35 years old.
• Residency: Be a permanent resident of Maharashtra.
• Citizenship: Hold Indian citizenship.
• Education: Have completed higher education.
• Income: Have a steady source of income and be employed or self-employed .
• Credit Score: Have a good credit score [1).

1. Non-residents of Maharashtra

2. Applicants below 21 years or above 50/55 years (varies based on source)

3. Unemployed individuals or those without a steady income

4. Applicants with poor credit history or pending loan repayments

5. Existing loan defaulters or those with outstanding debts

6. Business ventures already receiving government subsidies or loans

7. Applicants engaged in speculative or unethical businesses

8. Individuals holding high-value assets or properties

9. Politicians, government officials, or their family members

10. Applicants who have availed similar government schemes.

1. Financial Empowerment: Interest-free loans ranging from ₹10 lakh to ₹50 lakh.

2. Entrepreneurial Opportunities: Unemployed individuals can start their own businesses.

3. Job Creation: Loan recipients can generate employment for others.

4. Flexible Repayment: 5-year repayment tenure.

5. Direct Benefit Transfer: Financial assistance directly credited to beneficiaries’ bank accounts.

• Loan Categories: Loan Types, Financing Options, Credit Schemes
• Interest Repayment: Interest Settlement, Interest Payment, Loan Servicing
• Group Loans: Collective Financing, Joint Funding, Community Loans

• Aadhar Card
• Email ID
• Mobile Number
• Electricity bill
• Address Proof
• PAN Card

Step 1: Online Registration

• Visit Udyog Mahaswayam website (udyogmahaswayam.gov.in).
• Fill out the online application form.

Step 2: Create Account

• Click “Register Now” or “Sign Up”.
• Complete the registration form.

Step 3: Enter Profile Details

1. Provide personal info:

• Full name
• Date of birth
• Gender
• Aadhaar card number
• Registered mobile number.

Step 4: Proceed

• Click “Next”.

Step 5: Mobile Verification

• Receive One-Time Password (OTP) on registered mobile.

Step 6: Confirm OTP

• Enter received OTP.

Step 7: Submit Application

• Provide additional required details.
• Click “Submit” to complete.

Annasaheb Patil Arthik Vikas Mahamandal is a corporation established by the Maharashtra government to support economically weaker sections of society. It was set up on November 27, 1998, with the primary goal of promoting entrepreneurship and job creation among the financially backward communities. The corporation provides financial assistance, guidance, and self-employment information to unemployed youth, especially from the Maratha community. They offer interest-free loans up to ₹50 lakh to help individuals start or expand their businesses 

Annasaheb Patil Karj Yojana is an initiative by the Maharashtra government to support economically weaker sections of society. It provides financial assistance to help individuals start or expand their businesses.

Contact Details

• Phone No:- 1800-120-8040

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