Rajiv Gandhi Swavlamban Rojgar Yojna Delhi: Business Loans

Overview

Rajiv Gandhi Swavlamban Rojgar Yojna is a self-employment scheme launched by the Government of Delhi. It targets youth, artisans, trained professionals, and skilled technocrats who want to start their own enterprises. The scheme provides financial assistance in the form of loans along with entrepreneurship guidance to help beneficiaries establish sustainable livelihoods.

Objective

The scheme aims to reduce unemployment among youth and skilled workers in Delhi by channeling them toward self-employment. It particularly focuses on those who have vocational skills or professional training but lack the capital to start a business.

Benefits

• Financial assistance in the form of loans at concessional rates
• Loan covers startup costs including equipment, raw material, and working capital
• Mentoring and guidance provided through the implementing agency
• Priority for trained professionals, artisans, and skilled workers from Delhi
• Support for a range of sectors including manufacturing, trade, and services

Eligibility

• Must be a resident of Delhi
• Age between 18 and 45 years
• Must be unemployed or seeking self-employment
• Applicants with vocational training certificates, professional degrees, or artisan skills are given preference
• Annual family income should be within the limits prescribed by the scheme
• Should not have availed of a similar government self-employment scheme before

Exclusions

• Non-residents of Delhi are not eligible
• Individuals already running an established business with significant turnover are excluded
• Those in default on any prior government loan cannot apply
• Applicants who exceed the prescribed income limit are not covered

Application Process

1. Visit the Delhi SC/ST/OBC/Minority Finance and Development Corporation or the Social Welfare Department
2. Collect and fill in the application form
3. Submit the form with all required documents and a brief business proposal
4. The application is evaluated by a committee
5. On approval, the loan is sanctioned and disbursed to the applicant

Documents Required

• Delhi residence proof
• Aadhaar card and identity proof
• Educational or vocational training certificate
• Caste certificate (if applicable)
• Income certificate
• Business proposal or project plan
• Bank account details
• Passport-size photographs