Shri Vajpayee Bankbal Yojana

Shri Vajpayee Bankbal Yojana

Shri Vajpayee Bankbal Yojana: Gujarat government has introduced a new scheme for cottage industry workers. The scheme provides financial assistance to cottage industry artisans. Gujarat has started this scheme in memory of our respected former Prime Minister Late Shri Atal Bihari Vajpayee. This scheme is known as “Shri Vajpayee Bankable Scheme 2023”. The scheme focuses on equipping the unemployed youth of the states. Aim to promote entrepreneurship skills and help them become financially self-sufficient with their own projects.

SHRI VAJPAYEE BANKABLE YOJANA: A scheme to provide financial loans / assistance to cottage industry artisans through nationalized banks, co-operative banks, public sector banks, private banks.

( 1 ) Purpose : – Under This Scheme The Intention Is To Provide Self Employment To The Unemployed Persons In Urban And Rural Areas Of Gujarat. People With Disabilities Or Blind People Will Also Be Able To Avail The Benefits Of This Scheme.

(2) Eligibility of the Scheme:

  1. Age: 18 to 65 years
  1. Educational Qualification: Minimum Class-4 (Four) Pass OR

Training / Experience: Minimum 3 months training from appropriate private institution for profession or minimum one month training from Government recognized institution OR One year relevant experience in profession or heritage artisan should

  1. Bank maximum limits by borrowers:
    There is no income limit.

(1) Maximum 8 lakhs for industrial sector.

(2) Maximum 8 lakhs for service sector.

(3) Maximum 8 lakhs for business sector.

(4) Rate of assistance on loan amount: The rate of assistance for industry, service and trade sector under this scheme will be as follows.

Area General Category Scheduled Caste / Scheduled Tribe / Ex-Serviceman / Women / 40% Blind Or Handicapped

  • Rural ૨૫% ૪૦%
  • Urban ૨૦% ૩૦%
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( 2 ) Maximum Limit Of Assistance : Order Field Aid Amount Limit ( Amount In Rupees )

  • Industry ₹.૧,૨૫,૦૦૦
  • Service ₹.૧,૦૦,૦૦૦
  • Trade General Category Urban ₹.૬૦,૦૦૦
  • Rural ₹.૭૫,૦૦૦
  • Reserve category Urban / Rural ₹.૮૦,૦૦૦

Note : In Case Of Blind Or Disabled Beneficiary, The Maximum Assistance For Any Sector Will Be Rs. 1,25,000 /-

Contact your nearest for more informationDistrict Industry Center
Shri Vajpayee Bankable SchemeResolution of
Shri Vajpayee Bankable SchemeResolution of
Shri Vajpayee Bankable Scheme GuideProject Profiles
Subsidy formClick here

Application form for Shri Vajpayee Bankable Scheme

Application form for Shri Vajpayee Bankable Yojana

Shri Vajpayee Bankable Yojana (VBY) provides financial assistance to 395 approved projects… Subsidy on loan amount and interest subsidy

Scheme to provide financial assistance to artisans of cottage industries through nationalized banks, cooperative banks, public sector banks or private banks.

Objective: The objective of this scheme is to provide self employment to unemployed persons in urban and rural areas. Disabled and blind persons are also eligible to avail benefits under this scheme.

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