Delhi Rajiv Gandhi Swavlamban Rozgar Yojana

Scheme Introduction: A Brief Overview

• The Delhi Government aims to fulfil the financial aid to entrepreneurs looking to expand their existing businesses or start a new business unit.
• To achieve this, the government started an initiative called "Rajiv Gandhi Swavlamban Rozgar Yojana" (RGSRY).
• Under this scheme, the eligible beneficiaries can avail of a maximum loan of Rs 3,00,000/-.
• The loan under the scheme will be provided to each beneficiary for a tenure of 5 years.
• In addition to this, a subsidy of 15% of the project cost, subject to a maximum of Rs 7,500/- will be provided.
• However, for business with multiple partners, the subsidy amount shall be provided to each partner individually at 15% of their total share, up to Rs 7,500/-.
• Eligible applicants including School or college dropouts, artisans, individual entrepreneurs, trade professionals, and candidates passed from technical institutes.
• Beneficiaries in the age group of 18 and 50 years can apply for the Rajiv Gandhi Swavlamban Rozgar Yojana.
• The primary objective of the scheme is to provide opportunities to unemployed youths, artisans, entrepreneurs, trained professionals to set up or expand their existing business unit which will make them self reliant.
• The announced scheme is also known as "Rajiv Gandhi Swavlamban Rozgar Scheme".
• The loan provided under the scheme can be used for groups or sectors stated in the scheme which are : -
  • Secondary sectors included Tiny and Cottage industries.
  • Tertiary Sectors with a business like Trade, Transportation, Hotels, and Restaurants.
  • Services Sectors.
• To avail loan under the Rajiv Gandhi Swavlamban Rozgar Yojana, it is mandatory for the the concerned applicants to contribute a minimum of 10% of the loan amount in their respective units.
• However, individuals from weaker sections i.e. SC/ST/OBC/Ph. H /Ex- Servicemen are required to contribute only 5%.
• Loans issued under the Rajiv Gandhi Swavlamban Rozgar Yojana come with one year of moratorium period; however, interest on the loan amount will be charged from its issuance date.
• The loan granted under the scheme will incur interest as prescribed by the NCT Delhi, currently the interest charged by the authority is 10%.
• Interested applicants can apply for the Rajiv Gandhi Swavlamban Rozgar Yojana through its online and offline applications.
• Rajiv Gandhi Swavlamban Rozgar Yojana application forms are currently available at Delhi Khadi and Village Industries Board portal.
• For queries related to the scheme, applicants must reach out to the officials at their helpline number i.e. 9311702507.
• However, this scheme has its own limitations that are to be fulfilled by the Delhi Government from its initiative "Delhi Mukhyamantri Swavlamban Rozgar Yojana".
  

Scheme Benefits

• The Delhi Government has started the Rajiv Gandhi Swavlamban Rozgar Yojana with an aim to provide financial aid to the beneficiaries. The scheme offers the following benefits : -

  A maximum loan of Rs 3,00,000/- is available for existing or proposed business units. Government will also provide a subsidy @ 15% of the project cost, up to a maximum of Rs 7,500/-. If more than one partner is joined in a business, the subsidy will be provided to each partner individually @ 15% of their share in the business, which is limited to Rs 7,500/- per partner. The subsidy will be adjusted to the borrower loan account after two years of loan disbursement. Loan under the scheme can be obtained for : - Secondary Sector like Tiny and Cottage industries. Tertiary Sector : Businesses such as Trade, Transportation, Restaurants (excluding who serves meat and liquor), Hotels etc. Services Sector.

Eligibility Requirements

• To avail of a loan up to Rs 3 lakh under the Rajiv Gandhi Swavlamban Rozgar Yojana, applicants must meet the following eligibility criteria : -
  • Must be a domiciled resident of Delhi.
  • Applicants eligible include School or College Dropouts, Individual Entrepreneur, Artisan, Trade Professionals, and Unemployed Youth.
  • Candidates completed their education from any technical or professional institute without further training.
  • Any Small Scale Industries must be located within NCT Delhi.
  • The total investment of plant, machinery and equipment must not exceed the limit prescribed by the central government for small scale industries.
  • Age of the applicants must be between 18 to 50 years.
  • Applicants must contribute at least 10% of the loan amount.
  • Contribution amount for weaker sections like SC/ST/OBC/Physically Handicapped/Women/Ex Servicemen would be 5%.
  • Applicants already avail loan from the government for similar purposes but failed to repay or misused the funds are ineligible.

Required Documents

• Applicants must keep the following documents when applying for the Rajiv Gandhi Swavlamban Rozgar Yojana either online or offline. For online applications, applicants need to upload these documents in the recommended size (maximum 2 MB) and the file should be in the JPEG, PNG, JPG or PDF format.

  Any one identity proof : - Aadhaar Card. Voter ID Card. Passport. Two Passport Size photographs. Academic Certificates. Applicants Residence Electricity Bill. Declaration. Consent letter of the Surety/ Guarantor. Equity proof or self contribution. To set up an commercial unit : - Either a Copy of Registration Certificate issued from the MCD or a copy of registration application. Conversion fee payment receipt. To set up an industrial unit: - NOC of HPC and MCL. License issued by the High Power Committee or a copy of application.

Steps to Apply

• Eligible applicants can apply for the Rajiv Gandhi Swavlamban Rozgar Yojana.
• Application form for Rajiv Gandhi Swavlamban Rozgar Yojana Application can be submitted online and offline.
• Online and Offline Applications for the scheme will be accepted by Delhi Khadi and Village Industries Board.

Online Application Process

• Applicants can submit the Rajiv Gandhi Swavlamban Rozgar Yojana application online.
• Online Applications for the scheme are available at its official portal.
• To proceed applicants need to first register on the portal.
• For registration, applicants need to share the following details : -
  • Aadhaar Number.
  • Mobile Number.
  • Applicants Name.
  • Email ID.
  • Date of Birth.
• Upon registering successfully, login with the Aadhaar Number and Password.
• Once logged in successfully, submit the details requested in the scheme application form.
• Upload all required documents in the given size and format.
• Preview the application form before its final submission.
• Intimation regarding the application submission will be sent on your mobile number.

Offline Application Process

• Applications for Rajiv Gandhi Swavlamban Rozgar Yojana can also be submitted offline.
• The loan application form for Rajiv Gandhi Swavlamban Rozgar Yojana can be downloaded online from the board portal.
• Fill out the details requested in the obtained application form.
• Attach all the documents with the duly filled in application form and submit it in the board's office.
• Authority will verify the received applications and applicants eligible will receive scheme benefits.
• Scheme benefits will be provided on a first come first serve basis.
• For any query applicants can contact the ADO or Nodal officer of RGSRY available in the board office.

Key Features of the Scheme

• Applications submitted under the scheme will be served on a first come first basis.
• Entrepreneurs who have previously availed of loans similar to this scheme but failed to repay the amount or misused the funds issued are not eligible for this scheme.
• The subsidy promised under the scheme will be adjusted to the borrower's loan account after two years of loan disbursement date.
• Applicants are required to repay the loan with interest in equal quarterly installments over the duration of five years.
• To ensure timely loan repayment, the borrowers must submit a post dated cheque to the authority.
• Borrower's must utilized the issued loan amount within 3 months from its issuance.
• However, authority can allow a maximum grace period of further 3 months for its utilization.
• On failing to use the loan amount within the given period including grace period, the funds issued will be considered as mis-utilized.
• For such mis-utilized of funds, the authority will recover the loan amount with an interest rate of 18% along with the subsidy amount.

Important Forms

• Rajiv Gandhi Swavlamban Rozgar Yojana Application Form.
• Rajiv Gandhi Swavlamban Rozgar Yojana Applicants Self Declaration format.

Relevant Links

• Rajiv Gandhi Swavlamban Rozgar Yojana Online Application Form.
• Rajiv Gandhi Swavlamban Rozgar Yojana Applicants Login.
• Rajiv Gandhi Swavlamban Rozgar Yojana Modified Guidelines.
• Rajiv Gandhi Swavlamban Rozgar Yojana Guidelines.
• Rajiv Gandhi Swavlamban Rozgar Yojana Official Website.

Contact Information

• Rajiv Gandhi Swavlamban Rozgar Yojana Helpline Number : - 9311702507.
• Rajiv Gandhi Swavlamban Rozgar Yojana Contact Details.
• Delhi Khadi & Village Industries Board
  (Govt. of National Capital Territory of Delhi)
  Address : 5th Floor, Nigam Bhawan(Old Hindu College),
  Kashmiri Gate, Delhi-110006.