The Rajiv Gandhi Swavlamban Rozgar Yojana (RGSRY) was conceived, organized, and administered by the Delhi Khadi & Village Industries Board, with support from the Government of the National Capital Territory of Delhi. The goal is to create job possibilities for unemployed youngsters, craftsmen, qualified professionals, skilled workers, and entrepreneurs by promoting lawful manufacturing, trades, tertiary, and service sectors.

What are the eligibility requirements for the Rajiv Gandhi Swavlamban Rozgar Yojana (RGSRY)?

• Dropouts from school or college beyond the age of 18.
• Aspiring entrepreneurs.
• The applicant’s age must be between 18 and 50 years.
• Small-scale industrial operations incur complete costs for plants, machinery, and equipment. It shall not exceed the limit set by the Central Government for small-scale entities.
• It must be located in the jurisdiction of the National Capital Territory of Delhi.
• Applicants from any technical/professional institution recognized by the government or its sanctioned undertakings without additional training.

Under these regulations, financial support in the form of a loan may be provided to any of the following groups/sectors for eligible projects:

• Secondary Sector (Small Industries).
• Tertiary (Trade, transportation, hostels, restaurants without alcohol and meat, etc.)
• Services (According to the Terms and Conditions, provisions of local bodies, and the Delhi Master Plan.)

Conditions:

• The loan will not be approved if the government or any government-controlled financial organization has already issued a loan for the same purpose.
• The borrower must use the loan for the purpose for which it was advanced within three months. Otherwise, misusing the loan will result in the imposition of 18% interest, with the option of reclaiming the principal amount.

What are the benefits of Rajiv Gandhi Swavlamban Rozgar Yojana (RGSRY)?

The functioning units would receive loans of up to Rs. 3,000,000. (Provided that the applicant pays at least 10% of the amount requested as a loan from the DKVIB).
Weaker sectors, such as SC/ST/OBC/PH./Females/Ex-Servicemen, demand only a 5% contribution from entrepreneurs.
The Delhi government would grant a 15% subsidy on project costs, up to a maximum of Rs. 7,500.00 per entrepreneur.

What documents are required for Rajiv Gandhi Swavlamban Rozgar Yojana (RGSRY)?

• Passport-size photographs of the applicant (2)
  ID Card, Copy of Valid Passport, Aadhar Card, and Electoral Photograph of the applicant.
• Educational Qualification Certificate
• Project Report/Business Plan
• Affidavit in the prescribed format.
• Electricity Bill (Proof of Residence)

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Conclusion

The progressive Rajiv Gandhi Swavlamban Rozgar Yojana (RGSRY) seeks to advance entrepreneurship, self-employment, and rural development in India. Through the provision of financial aid, skill development, and additional support services, the program enables jobless young people to achieve self-sufficiency, fulfill their dreams of becoming entrepreneurs, and foster the socio-economic advancement of the country.