The Jharkhand government has introduced the Mukhyamantri Rojgar Srijan Yojana Loan Scheme. Under this initiative, the Jharkhand government will provide financial aid to its citizens. This plan allows unemployed teenagers in the state to obtain loans without a guarantee to start their own businesses. A loan of up to Rs 25 lakh has been provided to foster entrepreneurial skills among the state’s youth in both rural and urban areas.

What Are the Advantages of the Mukhyamantri Rojgar Srijan Yojana Loan Scheme?

1. Unemployed youth from urban and rural areas (Scheduled Castes, Scheduled Tribes, Divyaang, and Backward Classes) can use the scheme to get loans at low interest rates to start their own businesses. (Applicable to MSMEs)
2. Under this arrangement, one can obtain a loan of 50,000 rupees with no guarantee.
3. During the plan, you can get a loan of up to Rs 25 lakh. In addition, he or she will be eligible for a 40% loan subsidy.
4. The grant shall not exceed 5 lakh.

What are the eligibility requirements for the Mukhyamantri Rojgar Srijan Yojana Loan Scheme?

• The age of the person must be between 18 and 45 years.
• The applicant for the scheme must be a resident of Jharkhand.
• The individual’s family income should be below Rs 5 lakh.
• Sakhi Mandal can also profit from the plan.
• There is no need for a guarantee on loans up to Rs 50 thousand under this plan.

What documents are required for Mukhyamantri Rojgar Srijan Yojana Loan Scheme?

• Aadhar card
• Ration card
• Proof of age
• Project Report/Business Plan
• Caste certificate of the applicant
• Passport size photograph
• Mobile number
• Income Address
• Proof of address (Electricity Bill, etc.)
• Bank account details

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