Are you an aspiring entrepreneur from a marginalized community in Jharkhand? Do you dream of starting your own business but lack the financial resources to make it happen? The Mukhyamantri Rojgaar Srijan Yojana is here to turn your dreams into reality. Launched by the Department of Scheduled Tribe, Scheduled Caste, Minority and Backward Class Welfare, Government of Jharkhand, this scheme aims to promote self-employment and entrepreneurship among underprivileged communities. Here’s everything you need to know about this transformative initiative.
What is Jharkhand CM Rojgaar Srijan Yojana?
The Mukhyamantri Rojgaar Srijan Yojana is a flagship program designed to provide subsidized loans and financial assistance to individuals from Scheduled Tribes (ST), Scheduled Castes (SC), Minorities, Backward Classes, and Persons with Disabilities (PwDs). By offering affordable credit options and entrepreneurship development training, the scheme empowers beneficiaries to start their businesses and become financially independent.
Key Benefits of the Scheme
- Subsidized Loan for Self-Employment
- Beneficiaries can avail up to 40% subsidy on loans or a maximum of ₹5,00,000/-, whichever is lower.
- The EMI will be calculated on the remaining loan amount after deducting the subsidy.
- Loan Guarantee Facility
- Loans up to ₹50,000/- do not require a guarantor.
- For loans exceeding ₹50,000/-, a guarantor or collateral (movable/immovable property) is mandatory.
- Applicants must deposit 10% of the loan amount as margin money for loans above ₹50,001/-.
- Low Interest Rate
- Loans are provided at a nominal interest rate of 6%, making it easier for entrepreneurs to manage repayments.
- Entrepreneurship Development Training
- Beneficiaries receive comprehensive training to equip them with the skills needed to run successful businesses.
Eligibility Conditions
To ensure that the benefits reach those who truly need them, the scheme has specific eligibility criteria;
- Age – Applicants must be between 18 and 50 years old.
- Residency – Only permanent residents of Jharkhand are eligible.
- Income – The annual family income should not exceed ₹5,00,000/- (both rural and urban areas).
- Employment Status – Applicants must not be employed in any government or semi-government job.
- Loan History – Applicants should not have defaulted on any previous loans.
- Disability Certificate – For Persons with Disabilities (PwDs), the disability percentage should be at least 40%.
- Business Proposal – Only environment-friendly business ideas are accepted. Businesses related to alcohol, drugs, or polythene are strictly prohibited.
How to Apply for the Self-Employment Subsidized Loan Scheme?
The application process is simple and can be completed either online or offline. Here’s how you can apply;
1) Online Application Process
- Visit the official website: Mukhyamantri Rojgaar Srijan Yojana – Jharkhand.
- Click on “Registration” and fill in your Aadhaar Number, Date of Birth, Mobile Number, and Email ID.
- After successful registration, log in using your mobile number, password, and the last 8 digits of your Aadhaar Card.
- Fill out the application form with basic details, address, and upload the required documents.
- Submit the form and take a printout of the application ID for future reference.
2) Offline Application Process
- Visit the nearest authorized office or Common Service Centre (CSC) to submit your application along with the required documents.
Necessary Documents for Application
To complete the application process, ensure you have the following documents ready;
- Applicant’s photograph.
- Residential certificate (issued online).
- Caste certificate (issued online).
- Income certificate (issued online).
- Copy of Aadhaar and PAN Card.
- First page of bank passbook.
- Business proposal (for loans above ₹50,000, except vehicle loans).
- Due diligence report (for loans of ₹10 lakhs or more).
- Training certificate (if available).
- Self-declaration form (on stamp paper in the given format).
- Guarantor certificate (for loans above ₹50,000, except vehicle loans).
- Copy of guarantor’s Aadhaar, PAN Card, salary slip, or IT return.
- Disability certificate (if applicable).
Frequently Asked Questions (FAQs)
Who is eligible for the scheme?
Individuals from ST, SC, Minority, Backward Classes, and PwDs who meet the age, income, and residency criteria are eligible.
What is the loan subsidy provided under this scheme?
Beneficiaries can avail up to 40% subsidy on loans or a maximum of ₹5,00,000/-, whichever is lower.
Is a guarantor required for the loan?
No guarantor is needed for loans up to ₹50,000. For higher amounts, a guarantor or collateral is required.
What is the interest rate for the loan?
The interest rate is fixed at 6%.
Can individuals from urban areas apply?
Yes, both rural and urban residents of Jharkhand can apply.
What types of businesses are eligible?
Only environment-friendly businesses are allowed. Ventures related to alcohol, drugs, or polythene are not permitted.
How is the loan disbursed?
The loan is disbursed directly to the beneficiary’s bank account after verification.
Is there any age relaxation?
No, the age limit is strictly between 18 and 50 years.
Can I avail of the scheme if I am already employed?
No, the scheme is only for unemployed individuals.
Why Choose Mukhyamantri Rojgaar Srijan Yojana?
This scheme is more than just financial assistance—it’s a pathway to empowerment. By providing subsidized loans, low-interest rates, and entrepreneurship training, the Mukhyamantri Rojgaar Srijan Yojana ensures that individuals from marginalized communities can break free from economic barriers and build sustainable livelihoods.
If you’re ready to embark on your entrepreneurial journey, the Mukhyamantri Rojgaar Srijan Yojana is your stepping stone to success. With its inclusive approach and supportive framework, the scheme offers endless opportunities for growth and development. Don’t wait—apply today and take the first step toward financial independence!
