Shri Vajpayee Bankable Yojana: Subsidized Loans Up to ₹8 Lakh

Shri Vajpayee Bankable Yojana is a self-employment initiative launched by the Government of Gujarat aimed at providing financial support to unemployed persons in both urban and rural areas. The scheme is designed to offer bank loans at subsidized rates to promote entrepreneurship, with a special focus on sectors such as Industries, Services, and Business. Additionally, the scheme extends its benefits to disabled and blind persons, thereby ensuring inclusive growth and employment opportunities.

Benefits

• Maximum Loan Limit:

  • Industries Sector: Up to ₹8.00 lakh
  • Service Sector: Up to ₹8.00 lakh
  • Business Sector: Up to ₹8.00 lakh

• Subsidy Rates:
  Subsidy on the loan amount varies based on the applicant’s category and location:

  • General Category:
    • Rural: 25%
    • Urban: 20%
  • Scheduled Castes / Scheduled Tribes / Ex-serviceman / Women / Blind or Handicapped (with 40% or more disability):
    • Rural: 40%
    • Urban: 30%

• Maximum Subsidy Limit:

  • Industries: Up to ₹1,25,000
  • Service: Up to ₹1,00,000
  • Business:
    • General Category:
      • Urban: ₹60,000
      • Rural: ₹75,000
    • Reserve Category (SC/ST/Ex-serviceman/Women/Handicapped):
      • Urban/Rural: ₹80,000
  • Note: For a blind or handicapped person, the maximum limit per beneficiary in any sector is ₹1,25,000.

Eligibility

• Age: 18 to 65 years.
• Qualification:
  • The applicant should have passed at least the minimum standard of fourth grade, or
  • Undergo training/experience:
    • Minimum three months training from a private establishment or one month from a Government recognized institute in the relevant business area, or
    • Have a minimum of one year of experience in the same field, or
    • Be a hereditary craftsperson.
• Income Criteria:
  There is no income criterion for eligibility under this scheme.

Application Process

Online and Offline

1. Registration:

   • Visit the official website at https://blp.gujarat.gov.in/header_home.php.
   • Complete the registration process using mobile OTP authentication by entering your name, email, password, and captcha code. Click on “Register” to proceed.

2. Application Form:

   • Log in to the portal using your registered credentials.
   • Enter the Citizen Register with details including your Aadhar Number, address, and other personal particulars.
   • Provide comprehensive information related to your project and business, including the finance required/project cost and details of experience/training.
   • Click “Save & Next” after filling each section.

3. Document Upload:

   • Upload all the necessary documents as per the checklist provided on the portal.

4. Submission:

   • Once all the details and documents are submitted, you can complete the application process online.
   • For any queries or assistance, contact the NSIC field offices via the provided contact details on the portal.

Documents Required

• Copy of Aadhar Card.
• Vocational Training Certificate.
• Educational Qualification Certificate.
• Caste Certificate.
• Address Proof.
• Passport-size Photocopy.
• Proof of Personal Details (as per supporting documents).
• Bank Account Passbook.
• School or College Identity Card.
• Proof of Place of Business.

Frequently Asked Questions

1. What is Shri Vajpayee Bankable Yojana?
   It is a scheme designed to support self-employment by providing subsidized bank loans to unemployed individuals in Gujarat, with special provisions for disabled and blind persons.

2. How much educational qualification is required under this scheme?
   Applicants should have at least passed the minimum standard of fourth grade, or have relevant training or experience in the proposed business area.

3. What is the age limit for availing the loan under this scheme?
   Eligible applicants must be between 18 and 65 years of age.

4. What is the maximum limit of the bank loan provided?
   The maximum loan limit is ₹8.00 lakh for each of the Industries, Service, and Business sectors.

5. Which businesses are not supported under Shri Vajpayee Bankable Yojana?
   Specific exclusions are detailed in the scheme guidelines. Typically, non-eligible categories such as purely trading activities may be excluded.

6. How do I apply online through the BLP portal?
   Visit the official website, register with your mobile OTP, complete your Citizen Register details, and fill in the required project and business details before uploading the necessary documents.

7. How do I register on the portal?
   Registration is done by entering your name, email, password, and captcha code on the registration page of the portal.

8. How do I log in to the portal?
   Use your registered email/ID and password to log in to the portal.

9. What should I do if I forget my password?
   Follow the “Forgot Password” link on the portal to reset your password as per the instructions provided.

10. What are financial agencies in the context of this scheme?
    Financial agencies refer to banks and other lending institutions that provide the loan facility to eligible applicants.

11. Can an entrepreneur submit more than one project?
    Guidelines specify whether multiple submissions from a single entrepreneur are allowed; refer to the detailed scheme guidelines.

12. Can the project be jointly financed from two different sources (banks/financial institutions)?
    The scheme may allow joint financing subject to the terms and conditions mentioned in the guidelines.