The Delhi government launched a scheme called the Rajiv Gandhi Swavlamban Rojgar Yojana, specifically for those individuals who are planning on establishing a business unit within the areas of the Union Territory. The scheme is implemented through the Delhi Khadi & Village Industries Board, and it aims to help young entrepreneurs by giving them access to the right kind of resources.
This government scheme is also extra special because it promotes the use of Khadi and other small manufacturing units as well. This initiative not only encourages people to start working on their innovative ideas but also helps them so that they can properly start their respective entrepreneurial journeys.
Read the article to learn more about the government scheme, ranging from its meaning and eligibility to its Rajiv Gandhi Yojana registration process.
Overview
The table below summarises some key details about the government scheme that one should know.
| Name of the scheme | Rajiv Gandhi Swavlamban Rojgar Yojana |
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| Launched by | Delhi government |
| Implemented by | Delhi Khadi & Village Industries Board |
| Objective | To provide support to unemployed youth who wish to start a business unit and create employment for themselves and others |
| What is the maximum amount under this loan scheme? | Rs. 3,00,000 |
| Contribution by the beneficiary | 10% of the total amount of the loan (5% relaxation is given to people who possess category certificates of the Scheduled Castes (SCs), Scheduled Tribes (STs), Other Backward Classes (OBCs), and others, like women and ex-servicemen |
| Subsidy | 15% of project cost (up to Rs. 7500 per entrepreneur) |
| Period of repayment | 5 years (quarterly instalments after a 12-month moratorium period) |
| Rate of interest | As prescribed by the government of the National Capital Territory (NCT) of Delhi |
| Permitted areas | Across Delhi, as mentioned in Delhi’s Master Plan |
| Operates in other states like | Rajiv Gandhi Loan Yojana Telangana or Rajiv Gandhi Swarojgar Startup Yojana Himachal Pradesh |
| Mode of application | Online and Offline |
Read More: Rojgar Sangam Yojana UP
What Is The Rajiv Gandhi Swavlamban Rojgar Yojana?
The Rajiv Gandhi Swavlamban Rojgar Yojana is a credit-linked subsidy scheme launched by the Delhi government and implemented through the Delhi Khadi & Village Industries Board. Under this government scheme, unemployed youth who wish to start a business unit and create employment for themselves and others are given support in various forms, such as loan facilities, training and skill-building programmes, etc.
This government scheme aims to help various classes of people from various backgrounds, such as artisans, skilled professionals, young graduates, and others, in establishing their own entrepreneurial units, which would not only help them earn a steady income but also help others.
Objectives Of The Rajiv Gandhi Swavlamban Yojana
The Rajiv Gandhi Swarojgar Start-up Yojana comprises several objectives, some of which are written below in brief points:
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The primary aim of the government scheme is to encourage unemployed individuals to create and generate employment opportunities for themselves by entering the field of entrepreneurship, an area which generates more and more employment. By becoming entrepreneurs, individuals can finally start working on their innovative ideas and bring them to reality.
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The Rajiv Gandhi Swarojgar Start-up Yojana also aims to boost the growth and development of small-scale industries or trade-based activities within the limits of the Delhi Master Plan. The growth will be driven through various support mechanisms, like loan facilities, programmes for structured marketing, etc.
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This government scheme has a restricted focus on those professions and individuals who are often overlooked, such as artisans, entrepreneurs of start-up ventures, women, ex-servicemen and people from marginalised communities, like Scheduled Castes (SCs), Scheduled Tribes (STs), Other Backward Classes (OBCs), so that only those who need support can access it.
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The loan scheme also aims to promote balanced growth and development to all the regions covered under the National Capital Territory of Delhi, so that growth can be even and not uneven based on any one region.
Also Read: MGNREGA Rozgar In 100 Day
Benefits Of The Rajiv Gandhi Swavlamban Yojana
The RGSRY loan scheme comes along with a range of benefits for its beneficiaries. Some of the key benefits are mentioned below for one’s better understanding of the scheme:
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One of the major benefits of the RGSRY loan scheme is that it provides loan facilities of up to Rs. 3 lakh so that entrepreneurs under the scheme can start or grow their business units. Adequate capital is one of the most crucial things that a business needs, along with its mindful and correct use.
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Under the government scheme, a subsidy of 15% of the total project cost is also given to the beneficiaries of the scheme. The maximum limit is Rs. 7,500 per entrepreneur, and it is adjusted after 2 years from the date it is credited in favour of the beneficiary.
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The terms of repayment under the RGSRY loan scheme are also extremely flexible, so that entrepreneurs can easily repay the loan without feeling financially burdened by it. Beneficiaries usually get a 12-month moratorium period after which they can start repaying some amount of their loan in equal quarterly instalments over the next 5 years.
Read More: What Is The Udiyaman Swanirbhar Karmasansthan Prakalpa Scheme?
What Is The Eligibility Criteria For The Rajiv Gandhi Swavlamban Rojgar Yojana?
Interested individuals are required to fulfil all the eligibility criteria of the scheme to apply for it. The criteria are as follows for one’s better understanding:
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Applicants must be between the ages of 18 years to 50 years.
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Applicants must be planning to establish a unit within the National Capital Territory (NCT) of Delhi.
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The unit must be established in a permitted area under the Delhi Master Plan. In case of non-permitted areas, applicants would be required to obtain permission and approvals from relevant authorities, like the High Power Committee or MCL.
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Certain types of individuals can apply for this state government scheme, such as
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School or college dropouts above 18 years of age,
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Individual entrepreneurs,
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Trade professionals,
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Artisans,
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Individuals with a diploma or certificate from a government-recognised technical or professional institute,
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Small-scale industrial units with investment within the limit set by the central government
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Applicants shouldn't have a default loan history, as that would make them ineligible for this scheme.
Exclusion Criteria
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Those individuals who have taken out such loans before and have not repaid the amount on time will be deemed ineligible for this scheme.
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Also note that if any part of the loan amount taken before was used for different purposes than intended, then you will not be able to apply for this scheme, as this scheme is designed for genuine individuals who need financial support in setting up their business units within the Union Territory of Delhi.
How To Apply For The Rajiv Gandhi Swarojgar Yojana?
Applicants can apply for the government scheme through both online and offline platforms at their ease and convenience. The process of the Rajiv Gandhi Yojana online application and offline application is mentioned below in a step-wise manner.
Rajiv Gandhi Yojana Online Application Process
Step 1: Please visit the official website of the Delhi Khadi & Village Industries Board.
Step 2: Begin the Rajiv Gandhi Yojana registration process by registering yourself in the portal using your personal details like name, date of birth, Aadhaar number, email ID, and mobile number, and set up a password.
Step 3: After successful Rajiv Gandhi Yojana registration, log in using your Aadhaar number and the password that you created while registering.
Step 4: Fill in the application form accurately and upload all the required documents.
Step 5: After rechecking the filled information, submit the form and wait for the verification process to complete.
Offline Process
Step 1: Please visit the official website of the Delhi Khadi & Village Industries Board.
Step 2: Download the application form from the website and print it.
Step 3: Fill in the required details in the form accurately.
Step 4: Attach all the necessary documents and submit the form along with the documents by visiting the office of the Board itself, and wait for the verification process to be completed.
Step 5: Please note that ADO/Nodal officers are available for your queries at the office. Applications are checked on a ‘first-come, first-served’ basis.
What Are The Documents Required For The Rajiv Gandhi Swarojgar Yojana?
There are some documents that the applicants are required to attach while filling out the application form for this loan scheme. The list of those documents is:
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Aadhaar card or Voter ID card
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Domicile certificate
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Proof of education
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Documents related to one's work location, such as Rent Agreement, No Objection Certificate from the Owner, Electricity Bill, etc.
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Consent letter of Guarantor
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Proof of equity
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For Shop/ Business/Professions: Registration Certificate from MCD
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Industrial unit in non-confirming: NOC of HPC & MCL.
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Self-attested declaration
Conclusion
The Rajiv Gandhi Swarojgar Yojana is an exceptional scheme as it motivates and encourages unemployed individuals to take things into their own hands and create employment for themselves and eventually others. By offering support in various forms like financial assistance, subsidies, programs for skill building, and others, the loan scheme aims to provide as much support to the entrepreneurs as possible so that they can smoothly begin their business units.
The scheme not only aims to enhance the conditions of livelihoods of people but also generates more employment opportunities and promotes the growth of small-scale industries across all the sub-regions of the Union Territory of Delhi.
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