The Rajasthan government has launched the Mukhyamantri Laghu Udhyog Protsahan Yojana 2023 (Chief Minister Small Industries Promotion Scheme) to promote employment opportunities in the state. This scheme provides subsidies on loans given for self-employment ventures in the industry or service sectors. Both new enterprises as well as existing ones looking to expand/diversify/modernize can benefit. Subsidies range from 5% to 8% of the loan amount. Maximum loan available is ₹10 crores for industry and ₹1 crore for business.
Key Features
Some key features of the scheme are:
- Loans can be composite loan, term loan or working capital loan
- No collateral for loans up to ₹1 crore
- Loans upto ₹1 crore cleared without interview
- Above ₹1 crore loan scrutiny by District Level Task Force Committee
The main objectives are to encourage self-employment and reduce unemployment in Rajasthan.
Eligibility Criteria
The eligibility criteria to apply under the scheme are:
- Domicile of Rajasthan
- Education qualification as specified for type of enterprise
- Relevant experience/skills for enterprise
- Meet age criteria based on type of enterprise
Ineligible activities like tobacco products, liquors, hazardous chemicals, etc. cannot get benefits.
Application Process
The application process to avail subsidies is:
- Identify type of enterprise and location to set up
- Prepare project report with business plan
- Apply for loan under scheme at bank branches
- Submit documents - ID/age proof, residence proof, eligibility docs
- Get loan approval and setup enterprise
Applicants can login to the Raj Udyog Mitra portal for guidance.
Important Documents
The key documents required for application are:
- Aadhaar Card
- Residence proof
- Age/qualification/experience certificates
- Enterprise project report
- Business plan
It is beneficial to keep all documents ready before starting the application process.
Conclusion
The Rajasthan CM Small Industries Promotion Scheme aims to boost self-employment and reduce unemployment in the state. It offers subsidies on loans to start new enterprises or scale up existing ones across manufacturing and service industries. Interested individuals who meet the eligibility criteria can avail huge benefits by applying under this scheme. It is an excellent opportunity for entrepreneurship and self-reliance.
| Benefit | Details |
|---|---|
| Loan Amount | Up to ₹10 crores for industry, ₹1 crore for business |
| Subsidy Rate | 5% to 8% of loan amount |
| Eligibility | Rajasthan domicile with specific qualifications |
FAQ:
Q1: What is the objective of the Rajasthan CM Small Industries Promotion Scheme?
A1: The main objectives are to encourage self-employment opportunities and reduce unemployment in the state.
Q2: What is the maximum loan amount available?
A2: The maximum loan available is ₹10 crores for industry and ₹1 crore for business ventures.
Q3: What is the rate of subsidy provided?
A3: The scheme provides a subsidy between 5% to 8% of the loan amount sanctioned.
Q4: Who is eligible to apply?
A4: Rajasthan domiciles with specific educational qualification, experience, skills and age criteria are eligible based on type of enterprise.
Q5: What documents are required for application?
A5: Key documents needed are Aadhaar, residence proof, qualifications/experience certificates, project report and business plan.
Q6: How can one apply?
A6: By preparing project report, applying for loan in bank branches under this scheme, and submitting eligibility documents for scrutiny.
