Annasaheb Patil Arthik Magas Vikas Mahamandal — Loan-Interest Subsidy Scheme (Maratha Self-Employment)

The Annasaheb Patil Arthik Magas Vikas Mahamandal is a Government of Maharashtra corporation established in 1998 to promote self-employment and entrepreneurship among economically-weaker Maratha-community youth. Under the current Loan-Interest Subsidy scheme, beneficiaries get loans up to ₹15 lakh from participating banks — with the State paying the interest on behalf of the borrower (beneficiary repays only the principal). This is particularly relevant for D.Pharm / B.Pharm graduates planning to open their own retail pharmacy, nursing graduates starting diagnostic centres, and engineering / MBA graduates building service or manufacturing ventures. In 2026, the Mahamandal received a ₹300 crore state allocation for expanded rollout and raised the maximum loan ceiling to ₹15 lakh from ₹10 lakh. Processing time is typically 2-3 weeks after document submission. Note: this is a loan-interest subsidy rather than a direct tuition scholarship — it supports post-graduation entrepreneurship rather than student fees. Stackable with MahaDBT tuition scholarships during the UG / PG phase.

This is a government scholarship classified as need-based. It provides financial support of Self-employment loan up to ₹15 lakh (raised from ₹10 lakh) with the State paying the interest on the sanctioned bank loan. Annasaheb Patil Mahamandal received a ₹300 crore state allocation in 2026 for expanded rollout. to eligible students. The scheme is offered by Government of Maharashtra — Annasaheb Patil Arthik Magas Vikas Mahamandal and is applicable in Maharashtra.