Shri Vajpayee Bankable Yojana

About This Scheme

Details This scheme aims to supply self-employment to unemployed persons in urban and rural areas. Disabled and blind persons are also eligible to take benefits under this scheme

Eligibility

Eligibility 1. Age: 18 to 65 years. 1. Qualification: The applicant should have passed the minimum standard fourth OR, Training/ Experience: Should have undergone training for a minimum of three months from the private establishment or a minimum of one month from Government recognized Institutes, in the area of the proposed business or should have experience of minimum 1 year in the same activity or should be a hereditary craftsperson. 1. No Income criteria

Benefits

Benefits Maximum Limit for Bank Loan ₹.8.00 lakh for the Industries sector. ₹.8.00 lakh for the Service sector. ₹.8.00 lakh for the Business sector. Rate of subsidy on the loan amount: Subsidy will be available as mentioned below for the Industries, Service & Business sectors. AreaGeneral CategoryScheduled Castes/ Scheduled Tribes / Ex-serviceman/Women/ blind or handicapped having 40% or more disabilityRural25%40%Urban20%30% Maximum Limit of Subsidy S No. SectorLimit of Subsidy Amount1IndustriesRs. 1,25,000/-2ServiceRs. 1,00,00/-3BusinessGeneral Category: Urban- Rs. 60,000/- Rural Rs. Rs. 75,000/-4BusinessReserve Category: Urban/ Rural Rs. 80,000/- Note: The maximum limit of subsidy per beneficiary in any sector will be ₹.1,25,000/- for a blind or handicapped person

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.