Annasaheb Patil Mahamandal Scheme Maharashtra

Here’s a comprehensive overview of the Annasaheb Patil Aarthik Vikas Mahamandal loan schemes in Maharashtra:

📌 Overview & History
Established by the Maharashtra Government on 27 November 1998, the Annasaheb Patil Economic Development Corporation (Mahāmṇḍaḷ) is registered under the Indian Companies Act, 1956. Its primary goal is to provide financial assistance to economically weaker sections, particularly unemployed youth from the Maratha community in Maharashtra
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🏦 Types of Schemes & Benefits
Personal Loan Interest Reimbursement (IR‑I)

Available for individual applicants (non-creamy layer) with bank loans up to ₹10 lakh.

The Corporation reimburses up to 12% interest on these loans.

Benefit is disbursed into the Aadhaar-linked bank account for up to 5 years or the loan tenure
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Group Loan Interest Reimbursement (IR‑II)

Meant for groups (cooperatives, LLPs, FPOs) with incomes under prescribed limits.

Loans between ₹10–50 lakh; interest (up to 12%) reimbursed monthly by the Corporation on up to ₹15 lakh per group
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Group Project Interest-Free Loans (GL‑I)

Especially for Farmer Producer Organizations (FPOs) and eligible groups.

Provides up to ₹10 lakh interest-free loans for setting up industrial or agri-based projects
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Tractor Loan Scheme (Agricultural)

Annasaheb Patil Arthik Vikas Mahamandal also restarted the tractor loan scheme in June 2023.

Offers loans with interest subsidy; the Mahamandal pays the interest portion (~12%) on behalf of the borrower
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👤 Eligibility Criteria
Residency: Must be a Maharashtra resident
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Age: Generally 18–50 for men; up to 55 for women in personal loans (varies by scheme)
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Community & Income: Predominantly for the Maratha community; annual family income should fall within prescribed “non-creamy layer” limits (e.g., ≤₹8 lakh or lower)
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Other Conditions:

Should not have previously benefited under the Mahamandal.

Must register on the official Mahaswayam portal (maharojgar.gov.in/udyog.mahaswayam.gov.in)
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💵 Loan Amount & Repayment Terms
Personal Loans: Up to ₹10 lakh; interest reimbursed monthly for 5 years or loan duration
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Group Loans: ₹10–50 lakh; interest reimbursed on up to ₹15 lakhs per group
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Project Loans: Up to ₹10 lakh, interest-free .

Repayment Period: Generally up to 5 years; may extend to 7 years in some schemes .

📝 Required Documents
Identity & address proof (Aadhaar, PAN, passport, ration/utility bills)

Income certificate (by competent authority)

Caste certificate (for Maratha community)

Project/business plan & educational certificates

Bank documents (passbook, cancelled cheque)

Group schemes may require FO/LLP/FPO registration, project report, quotations
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🧭 How to Apply
Online: Register and apply through udyog.mahaswayam.gov.in (formerly maharojgar.gov.in)
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Offline: Assistance via nearby Employment Offices, District Centers, or Common Service Centres.

Track: Application status can be checked online via the portal or with help of the Mahamandal support system
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🔍 Key Highlights
Interest Savings: All schemes reimburse interest up to 12%, with some variants offering interest-free loans.

Focused Support: Aims at self-employment and entrepreneurship among economically disadvantaged youth, especially Marathas.

No Collateral: Loans often granted without security due to Mahamandal/category guarantees
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Major Reach: In 2025 alone, over 3.5 lakh applicants applied; more than 1 lakh approved and disbursed .

✅ Summary Table
Scheme Type Loan Range Benefit
Personal Loan (IR‑I) Up to ₹10 lakh Interest reimbursement (≤12%)
Group Loan (IR‑II) ₹10–50 lakh Interest reimbursement (≤12%)
Group Project Loan (GL‑I) Up to ₹10 lakh Interest-free
Tractor Loan (Agricultural) Variable Subsidized interest (~12%)

🤔 Got Questions?
Want help choosing which scheme suits your profile best?

Want assistance with the online application walkthrough?

Need details on district-wise application process or nearest registration centers?