“Rajiv Gandhi Swavlamban Rozgar Yojna” has been designed, developed, and promoted by the Delhi Khadi & Village Industries Board, with the help of the Government of NCT of Delhi, to provide employment opportunities to the unemployed youths, artisans, trained professionals, skilled technocrats and entrepreneurs by promotion/expansion of permissible industries, professions, tertiary and service sector in the NCT of Delhi.
Jurisdiction, Purpose and Quantum of Assistance: Financial aid as a loan under these rules may be granted to the eligible projects pertaining to any of the following groups/sectors:-
- Secondary Sector (Tiny/Cottage Industries)
- Tertiary Sector (Trade, Transportation, Hostels, Restaurants without Liquor and Meat, etc.)
- Services Sector: (Under the ambit of various Terms & Conditions, provisions of local bodies, and Delhi Master Plan.)
Tenure of loans and Repayment
- Every loan with interest thereon shall be repaid in full within 5 years in equal quarterly installments. The recovery of the loan may be started after a gap of 12 months from the date of release of the loan amount. However, interest on the released amount will be recoverable from the first quarter, from the date of release of the loan amount. To ensure timely recovery, the borrower shall provide equal nos. of post-dated cheques for quarterly installments of the Principal amount including interest due as on the date of installment fixed by the Board.
- The Borrower shall ensure for timely encashment of each and every cheque. In case of any default, Delhi Khadi & Village Industries (DKVI) Board will be entitled to take action against him/her and/or sureties as prescribed under the law.
Rate of interest
The loan granted under this scheme shall bear interest as prescribed by the Govt. of NCT of Delhi from time to time. The interest on the loan will accrue from the date of its disbursement and where the loan is disbursed in installments, interest shall run on each installment from the date of disbursement of such installment. No interest subsidy.
Benefits
- The quantum of loan granted under this scheme, to proposed and functioning units, shall be up to ₹3,00,000/-.
- Govt. of Delhi would provide a subsidy @ 15% of the project cost subject to the ceiling of ₹7,500/- per entrepreneur.
Note 01: The concerned entrepreneur shall make at least a 10% contribution of the amount demanded as a loan from the DKVIB.
Note 02: In the case of weaker sections i.e. SC/ST/OBC/Ph. H./Women/Ex. Servicemen, only 5% contribution of an entrepreneur is required.
Note 03: In case of more than one entrepreneur joining together and setting up a project under the partnership, the subsidy would be calculated for each partner separately, @15% of his share in the project cost, limited to ₹7,500/- for each partner.
Note 04: The subsidy component would be adjusted to the borrower’s loan account after a period of two years from the date of disbursement of the loan.
Note 05: The subsidy component would be recovered from the borrower along with 18 % penal interest in cases where the loan amount has been found not utilized for the purpose for which it was released
Documents Required
- Copy of Electoral Card/ Valid Passport/Aadhar Card as Identity proof
- Two passport-size attested photographs
- Education Proof
- Worksite detail viz. Proof of Ownership/Possession, Rent Agreement, No Objection Certificate from the Owner, Electricity Bill, etc.
- Declaration in the prescribed format (Proforma attached).
- Consent Letter of the Surety/Guarantor
- Proof of equity/Self Contribution
- Electricity Bill (Residence)
- For Shop/ Business/Professions: Registration Certificate from MCD
- Industrial unit in non-confirming: NOC of HPC & MCL.
Eligibility
Any one of the following can avail loan under the scheme:
- School/College dropouts
- Individual entrepreneur
- Trade Professionals
- Artisan
- Passed out candidates from any technical/professional institute recognized by the Government and its authorized undertaking bodies, without further training.
- Small-Scale Industrial units with a total investment in plant, machinery, and equipment, not exceeding the ceiling prescribed for small-scale units by the Central Government from time to time and must be located within the N. C. T. of Delhi, are also eligible for financial aid/ loan.
2. The age of the applicant should be between 18 years to 50 years.
Application Process
Step 02: For registration, the applicant needs to fill in all the mandatory details such as Aadhaar Number, Name, Email, Mobile Number, DoB & password.
Step 03: After registration, click on ‘Login‘ and fill in your Aadhaar Number and password.
Step 04: Fill in all the mandatory details in the application form and click on the ‘Submit’ button.
Step 05: Before clicking on the ‘Submit’ button, the applicant must ensure that all the filled details must be correct.
Step 06: After successful verification, the applicant will be eligible to get the benefits of the scheme.
Note 01: Applications received under the scheme will be dealt on First Come First Serve basis.
FAQs
Which is the implementing department of the scheme?
Delhi Khadi & Village Industries Board
How much contribution of the loan amount shall be made by the concerned entrepreneur?
The concerned entrepreneur shall make at least a 10% contribution of the amount demanded as a loan from the DKVIB. In the case of weaker sections i.e. SC/ST/OBC/Ph. H./Women/Ex. Servicemen, only 5% contribution of an entrepreneur is required.
