Jyoti Gramodyog Vikas Yojana

About This Scheme

Launched on 7th September 2015, the scheme "Jyoti Gramodyog Vikas Yojana" by the Commissioner of Cottage and Rural Industries, Industries & Mines Department, Government of Gujarat, aims to promote rural entrepreneurship by providing financial assistance (margin money subsidy) for setting up new village industries in areas with 24x3-phase electricity supply. The scheme targets individual artisans, entrepreneurs, and Self-Help Groups (SHGs) with project costs ranging from ₹1,00,000/- to ₹25,00,000/-. It offers 25–30% margin money subsidy (higher for SC/ST/women/PH candidates) to incentivize production-oriented ventures. Applications are submitted offline through District Industries Centres (DICs), and subsidies are disbursed after a 2-year successful project run.

Eligibility

- The applicant must be aged between 25 to 50 years. - The applicant must have passed at least Class 10 from a recognized educational board. - The applicant must possess at least one year of experience in the proposed business activity or relevant training from a recognized institution. - The applicant must be either an individual artisan/entrepreneur or part of a Grade-II active Self Help Group engaged in small-scale production. The applicant's proposed project must be located in a rural area with a population not exceeding 20,000. - The applicant must not represent a partnership firm, private limited company, joint venture, HUF, or similar commercial entity. - For SC/ST, women, and physically handicapped applicants, additional benefits are provided as specified in the benefits section.

Benefits

> Margin Money Subsidy For General Category - 25% for projects up to ₹10,00,000/-. - 25% on first ₹10,00,000/- + 10% on remaining cost (up to ₹25,00,000/-). For SC/ST/Women/Physically Handicapped - 30% for projects up to ₹10,00,000/-. - 30% on first ₹10,00,000/- + 10% on remaining cost (up to ₹25,00,000/-). > Project Cost Coverage - Includes machinery, raw materials, and working capital (max 10% of total cost). - Excludes land/building expenses. > Disbursement The subsidy is credited to the beneficiary’s account after 2 years of successful operation (upon verification by DIC).

How to Apply

Where This Comes From

This scheme was sourced from myScheme, the Government of India's official Central+State scheme discovery portal, and reviewed by an editor before publishing. Use the button above to read the full details and apply directly on the official source.