Vishwakarma Yuva Udyami Protsahan Yojana
Government Scheme run by Government of Rajasthan (via relevant state departments & financial institutions). Open pan-India.
About this Service
Growthora provides comprehensive solutions for Vishwakarma Yuva Udyami Protsahan Yojana. We ensure full compliance and seamless execution so you can focus on growing your business.
Key Benefits
- Eligible loans up to ₹1 crore can receive interest subsidy of 8%, subject to current Rajasthan scheme conditions.
- Eligible loans above ₹1 crore and up to ₹2 crore can receive interest subsidy of 7%, subject to scheme conditions.
- Margin-money support can be 25% of the sanctioned loan, subject to a maximum of ₹5 lakh under the notified framework.
- Certain notified entrepreneur categories may receive an additional 1% interest subsidy on the ₹1-2 crore slab.
- The combined assistance helps reduce initial financing burden for eligible youth setting up or expanding enterprises in Rajasthan.
Eligibility Criteria
- Applicant should be an eligible youth / entrepreneur satisfying the Rajasthan residency requirements of the scheme.
- The proposed enterprise should fall within eligible micro or small manufacturing / service activities under the scheme.
- Applicant must satisfy the current age and other beneficiary conditions prescribed in the latest notification.
- The project should be bankable and capable of obtaining sanction from an eligible lending institution.
- Required KYC, project report, registrations, quotations and any category / domicile certificates must be submitted as applicable.
Documents Required
- Aadhaar, PAN and Rajasthan residence proof
- Business constitution / Udyam registration
- Project report and cost quotations
- Bank loan application and sanction-related documents
- Category certificate for special-category benefit, where applicable
- Land / premises documents
- Educational / skill / artisan documents where applicable
- Bank account and financial statements for existing businesses
Frequently Asked Questions
What is the timeline for Vishwakarma Yuva Udyami Protsahan Yojana?
The standard timeline depends on government processing, typically ranging from a few days to a few weeks.
What documents are required?
Standard KYC documents (Aadhaar, PAN, Address Proof) and business entity documents are required.
What is the maximum loan slab mentioned under the scheme?
The published state review describes interest support on eligible loans up to ₹2 crore.
Is margin money available?
Yes, 25% of the sanctioned loan amount up to a maximum of ₹5 lakh is described as margin-money grant.
Who may get additional interest support?
Specified categories such as women, SC/ST, specially-abled, rural enterprises and artisans may qualify for additional support under scheme conditions.
is bank sanction still required?
Yes. The scheme works through financial institutions and does not remove normal credit appraisal.
Conclusion
The scheme can materially reduce the effective financing burden for eligible Rajasthan entrepreneurs, but loan sanction remains subject to participating financial-institution appraisal.
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Vishwakarma Yuva Udyami Protsahan Yojana
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