Vajpayee Bankable Loan Yojana:A scheme for providing financial assistance to the craftsmen of Cottage Industries through Nationalised Banks, Co-operative banks, Public sector Banks or Private Banks.
Vajpayee Bankable Loan Yojana
This scheme aims to supply self-employment to the unemployed persons in urban and rural areas. Disabled and blind persons are also eligible to take benefits under this scheme.
Vajpayee Bankable Loan Yojana Eligibility
Age:18 to 65 Years
Qualification:The applicant should have passed minimum standard fourth OR, Training/ Experience: Should have undergone training for minimum three months from private establishment or minimum one month from Government recognized Institutes, in the area of the proposed business or should have experience of minimum 1 year in the same activity or should be hereditary craftsperson.
No Income criteria
Vajpayee Bankable Loan Yojana Maximum Limit for Bank Loan
₹.8.00 lakh for Industries sector.
₹.8.00 lakh for Service sector.
₹.8.00 lakh for Business sector.
Vajpayee Bankable Loan Yojana Rate of subsidy on loan amount
Subsidy will be available as mentioned below for Industries, Service & Business sector.
Area General Category Scheduled Castes/ Scheduled Tribes / Ex-serviceman/Women/ blind or handicapped having 40% or more disability
Rural:General Caste – 25%2. ST/ SC/ OBC/ Women and etc. – 40%
Urban:General Caste – 20%2. ST/ SC/ OBC/ Women and etc. – 30%
Vajpayee Bankable Loan Yojana Maximum Limit of Subsidy
Sr. No. Sector Limit of Subsidy Amount
- Industries ₹.1,25,000/-
- 2 Service ₹.1,00,000/-
- 3 Business General Category Urban ₹.60,000/-
- Rural ₹.75,000/-
- Reserve Category Urban/ Rural ₹.80,000/-
Note: The maximum limit of subsidy per beneficiary in any sector will be ₹.1,25,000/- for blind or handicapped person.