ELIGIBILITY

Summary Table of Key Eligibility Indicators

Category

Type of Entrepreneur / Enterprise

Age

(as on 01 Apr 2018)*

Generation*

Ownership*

Special

Woman/Women

Majority owners must be woman/women aged 40 years or less

Majority owners must be First-Generation Entrepreneurs

Woman/women must individually/collectively own 75% or more of the enterprise

Scheduled Caste/ Schedule Tribe

Majority owners must belong to either SC or ST Category and must be aged 40 years or less

Majority owners must be First-Generation Entrepreneurs

People belonging to the SC/ST category must individually/collectively own 75% or more of the enterprise

Person(s) with Disabilities

Majority owners must be person(s) with disabilities and must be aged 40 years or less

Majority owners must be First-Generation Entrepreneurs

People with Disability/disabilities must individually/collectively own 51% or more of the enterprise

Difficult Areas

Majority owners must be residents of Difficult Areas and must be aged 40 years or less

Majority owners must be First-Generation Entrepreneurs

People belonging to the Difficult Areas must individually/collectively own 75% or more of the enterprise

General

Collective Enterprises such as Producers Companies / Self-Help Groups / Cooperatives

Majority members must be aged less than 40 years

Majority members must be First-Generation Entrepreneurs

 

Partnership Firm

Majority owners’ stake must belong to person/persons who are aged less than 40 years

Majority owners must be First-Generation Entrepreneurs

Majority owners must hold more than 51% or more ownership, must be with First Generation Entrepreneurs of age less than 40 years

Company

Majority of shareholders must be aged less than 40 years

Majority shareholders must be First-Generation Entrepreneurs

Majority shareholders must hold 51% or more equity and be of age less than 40 years

Sole-Proprietorship

Owner must be aged less than 40 years

Owner must be a First-Generation Entrepreneur

 

All the above aspects will be verified during the field visits, for shortlisted nominations; any additional information required will need to be promptly provided by the Nominee.