Rajiv Gandhi Swavlamban Yojana

The Rajiv Gandhi Swavlamban Yojana, administered by the Delhi Khadi and Village Industries Board (DKVI Board), supports unemployed youth, artisans, and entrepreneurs in Delhi. It provides loans and subsidies to establish or expand businesses in the secondary, tertiary, and service sectors.

What is the Rajiv Gandhi Swavlamban Yojana?

This scheme offers financial assistance in the form of loans and subsidies to individuals in Delhi who wish to start or expand their businesses. It aims to promote self-employment and generate income opportunities.

Key Objectives of the Scheme

· Employment Generation: To create employment opportunities for unemployed youth, artisans, and professionals in Delhi.

· Entrepreneurship Promotion: To encourage entrepreneurship and self-reliance.

· Economic Development: To contribute to the economic development of Delhi by supporting small businesses.

· Skill Development: To enhance the skills of individuals to enable them to take up self-employment.

Eligibility Criteria for the Scheme

· Age: Applicants should be between 18 and 50 years old.

· Category: School/college dropouts, individual entrepreneurs, trade professionals, artisans, and graduates from technical/professional institutes are eligible.

· Location: The business must be located within the NCT of Delhi.

· Existing Units: Small-scale industrial units with investments in plant, machinery, and equipment not exceeding the prescribed limit are also eligible.

· Exclusion: Individuals who have already availed similar benefits from other government schemes are not eligible.

Benefits of the Scheme

· Loan Amount: Loan up to Rs. 3 lakh.

· Subsidy: 15% subsidy on the project cost, up to Rs. 7,500 per beneficiary.

· Repayment Period: 5 years with quarterly installments.

· Moratorium: 12-month moratorium on loan repayment (interest is payable from the first quarter).

· Concessional Contribution: SC/ST/OBC/Physically handicapped/Women/Ex-servicemen contribute only 5% of the project cost, while others contribute 10%.

How to Apply for the Scheme?

1. Download Application Form: Download the application form from the DKVI Board website.

2. Fill and Submit: Fill out the form completely and submit it along with the required documents to the DKVI Board office.

Documents Required for Application

· Identity Proof: Aadhar Card, PAN Card, Passport, Driving License, or Voter ID.

· Address Proof: Electricity Bill (residence).

· Age Proof: Birth Certificate, School Leaving Certificate, etc.

· Education Proof: Marksheets/Certificates.

· Caste Certificate (if applicable): For SC/ST/OBC applicants.

· Disability Certificate (if applicable): For physically handicapped applicants.

· Ex-Servicemen Proof (if applicable): Discharge certificate, etc.

· Project Report: A detailed business plan.

· Worksite Details: Proof of ownership/possession, rent agreement, NOC from the owner, electricity bill, etc.

· Surety/Guarantor Details: Consent letter of the surety/guarantor (government servant).

· Self-Contribution Proof: Documents showing the applicant's contribution to the project cost.

· MCD Registration Certificate (if applicable): For shops/businesses/professions.

· NOC from HPC & MCL (if applicable): For industrial units in non-conforming areas.

· Affidavit: As per the prescribed format.

· Passport-size Photographs: Two attested photographs.

FAQs About the Scheme

1. Who is eligible for this scheme?
Unemployed youth, artisans, and entrepreneurs in Delhi between 18 and 50 years of age.

2. What is the loan amount?
Up to Rs. 3 lakh.

3. What is the subsidy amount?
15% of the project cost, up to Rs. 7,500.

4. How do I apply?
Download the application form from the DKVI Board website and submit it offline.

Why Should You Apply for the Scheme?

The Rajiv Gandhi Swavlamban Yojana offers a valuable opportunity for individuals in Delhi to become self-employed and establish their own businesses. The combination of a loan and subsidy makes it easier to access the necessary capital and reduces the financial burden.

Conclusion

The Rajiv Gandhi Swavlamban Yojana plays an important role in promoting entrepreneurship and generating employment in Delhi. By providing financial assistance and support to aspiring entrepreneurs, the scheme contributes to the economic growth and development of the region.