The Shri Vajpayee Bankable Yojana is a government-backed scheme launched by the Government of Gujarat to promote self-employment among unemployed youth in urban and rural areas. It provides financial assistance in the form of bank loans with subsidies to start small businesses, industries, or services.
| Scheme | Shri Vajpayee Bankable Yojana (SVBY) |
| Type | Govt Schemes for unemployed youth |
| State | Gujarat |
| Applicable | Unemployed youth of Gujarat |
| Benefits | Financial assistance |
Objective of the Scheme
The scheme aims to:
- Promote entrepreneurship and self-employment.
- Help unemployed youth, including blind and disabled persons, start their own ventures.
- Improve income sources in rural and urban areas.
Benefits of Shri Vajpayee Bankable Yojana
| Sector | Maximum Loan Amount |
|---|---|
| Industries | ₹ 8.00 lakh |
| Services | ₹ 8.00 lakh |
| Business | ₹ 8.00 lakh |
Subsidy on Loan Amount
| Area | Category | Subsidy Rate |
|---|---|---|
| Rural | General Category | 25% |
| Rural | SC/ST/Ex-servicemen/Women/Disabled (≥40%) | 40% |
| Urban | General Category | 20% |
| Urban | SC/ST/Ex-servicemen/Women/Disabled (≥40%) | 30% |
Maximum Subsidy Limit
| Sector | Subsidy Limit (₹) |
|---|---|
| Industries | ₹ 1,25,000 |
| Services | ₹ 1,00,000 |
| Business (General Category) | Urban – ₹ 60,000 / Rural – ₹ 75,000 |
| Business (Reserved Category) | Urban/Rural – ₹ 80,000 |
Eligibility Criteria
To be eligible for Shri Vajpayee Bankable Yojana, applicants must:
- Be unemployed and a resident of Gujarat.
- Be aged between 18 to 65 years.
- Have basic educational qualification (if required for the business).
- Disabled persons (40% or more), blind individuals, and women are also eligible.
- Belong to any category, but reserved category applicants receive higher subsidy rates.
Documents Required
Applicants need to provide the following documents:
- Aadhar Card (Copy)
- Vocational Training Certificate (if applicable)
- Educational Qualification Certificate
- Caste Certificate (for SC/ST/Reserved category)
- Address Proof
- Passport-size Photograph
- Bank Account Passbook
- School/College Identity Card (if available)
- Place of Business Proof (e.g., rental/ownership papers)
- Project Report / Business Plan
How to Apply for Shri Vajpayee Bankable Yojana
Online Application Process
- Visit the official website: blp.gujarat.gov.in
- Register using your mobile number and OTP verification.
- Complete the Citizen Registration by providing your name, email, password, and captcha.
- Login with your credentials.
- Fill in Aadhar number, address, education, and other applicant details.
- Provide project/business details, required finance, experience/training.
- Upload all required documents.
- Click on Save & Next and complete the submission.
Direct link to apply online: Apply Here
Offline Application Process
- Download the application form from: Click Here to Download Form
- Fill in the form correctly.
- Attach all the necessary documents.
- Submit the form at your nearest District Industries Center (DIC).
- To find your nearest DIC: Click Here
How to Check Application Status
- Visit the official website: https://blp.gujarat.gov.in
- Click on “Check Application Status” on the homepage.
- Enter your application number or registered mobile number.
- Click on “Submit” to view your current status.
The Shri Vajpayee Bankable Yojana is a golden opportunity for unemployed individuals in Gujarat to take their first step toward entrepreneurship. Whether you’re starting a small service, shop, or manufacturing unit, this scheme provides not just financial assistance but also motivation to become self-reliant.