Question: What will I get under Rajiv Gandhi Swavlamban Rojgar Yojna?

Answer: Benefits under Rajiv Gandhi Swavlamban Rojgar Yojna:

of the scheme?The unemployed youths, artisans, trained professionals, skilled technocrats, and entrepreneurs by
promotion/expansion of permissible industries, professions, and tertiary and service sectors in the UT of Delhi will be eligible to apply
under the scheme.What is the age criterion for an applicant under the scheme?The age of the applicant should be between 18 to 50
years.What are the eligible projects for which financial aid/loan may be granted under the scheme?The 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.) and Services Sector: (Under the
ambit of various Terms & Conditions, provisions of local bodies and Delhi Master Plan.How much subsidy will be provided by the
government to the beneficiary?Govt. of Delhi will provide a subsidy @ 15% of the project cost subject to the ceiling of â‚¹7,500/- per
entrepreneur.Will any penalty be imposed on the borrower in cases the loan amount is not utilized for the purpose for which it was
released?Yes, the subsidy component will 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.What will be the tenure of the loan payment?Every loan
with interest thereon shall be repaid in full within 5 years in equal quarterly installments.What is the rate of interest on the loan amount?
The loan granted under this scheme shall bear interest as prescribed by the Govt. of NCT of Delhi from time to time.At what time the
applicant has to use the loan amount?The borrower shall utilize the loan for the specific purpose for which it is advanced within three
months.Will the applicant need to furnish the security of the loan?Yes, the applicant shall furnish a surety/security of one Govt. Servant.
The Government Servant may be either an employee of GNCTD or of its autonomous bodies or Central Govt. employees, working in
Delhi.Will the government also provide marketing support to the beneficiary under the scheme?Yes, under this scheme the following
arrangements are proposed for extending marketing support to the beneficiaries who avail financial assistance under this Scheme.How
can an applicant avail the benefits of the scheme?The applicant shall apply to the DKVI Board on the prescribed Loan Application
Form. The applicant can apply online on the e-district portal of GNCTD or through offline mode by submitting the application form
along with desired documents directly in the office of the Board. The application form can also be downloaded from the official Website
of the Board.Sources And ReferencesModified Scheme GuidelineGuidelineApplication FormOfficial WebsiteOkWas this helpful?News
and UpdatesNo new news and updates availableShareYou need to before
applying for schemesCancelIt seems you have already initiated your application
earlier.To know more please visit CancelApply NowDelhiRajiv Gandhi Swavlamban Rojgar
YojnaArtisansEmploymentEntrepreneursSkilled TechnocratsTrained
ProfessionalsYouthsDetailsBenefitsEligibilityExclusionsApplication ProcessDocuments RequiredFrequently Asked Questionsâ€œRajiv
Gandhi Swavlamban Rozgar Yojnaâ€​ 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.Utilization of Loan:The borrower shall utilize the loan for the specific purpose for which it is advanced within three
months. However, the Managing Director of the DKVI Board will be competent to grant a maximum of three months' grace for the
utilization of the amount released by the DKVI Board. After six months, no further concession will be allowed and in case of non-
utilization of funds within the maximum permissible period, the loan amount will be treated as mis-utilized and DKVI Board will be
liable to make the recovery of the entire amount along with 18% interest, prescribed from time to time by Delhi Government.If the
borrower utilizes the financial assistance received from the DKVI Board in violation of the provisions of these loan rules or instructions
of the DKVI Board, the amount of the loan shall be treated as mis-utilized and shall invite interest @18% along with the principal
amount may be recovered.Security of Loan: Applicant shall furnish a surety/security of one Govt. Servant. The Government Servant may
be either an employee of the Government of National Capital Territory of Delhi (GNCTD) or of its autonomous bodies or Central Govt.
employees, working in Delhi.Area of Implementation:Under the scheme. â€œRajiv Gandhi Swavlamban Yojnaâ€​ industrial/professional
unit can be set up in any area and comes under the preview of Govt. of NCT of Delhi. In residential / non-confirming areas loans for only
those professional/industrial activities will be provided which are permitted under the Master Plan of Delhi for those areas. To set up a
unit in non-confirming areas, the applicant will also submit a No Objection Certificate of the High Power Committee constituted by the
Industries Department, Govt. of Delhi, and Municipal Corporation License (MCL), for the respective industry. In the case of
professional/commercial activities, the applicant should also submit Registration Certificate from MCD for the concerned trade. Since
the scheme envisages the conversion of the energy of school dropouts or those who have not gone beyond school education as well as of
college dropouts, the emphasis would be on skill formation/enhancement of the selected candidates selected by the Board. The primary
purpose of imparting skills to the candidates is for enabling them to take up self-employment. The focus, therefore, will be on skill
formation and entrepreneur development, the basic component of which would be: -Skill formationElements of bookkeeping.Simple
knowledge of marketing.Acquaintance with product costing.Familiarization with project financing by banks and other financial
institutions.Marketing Support: Under this scheme, the following arrangements are proposed for extending marketing support to the
beneficiaries who avail of financial assistance under this Scheme.Display of their products in Delhi Emporium as per availability of
space.DSIIDC/ Cooperative Stores can get the products manufactured by the selected entrepreneurs and market the same in their own
brand name.Allowing such entrepreneurs to participate in trade fairs particularly in Delhi Pavilion and in the exhibitions organized by
Board or any other Govt. Organization.Issue of certificate to the beneficiary unit to get recognition in the market/society.OkWas this
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