Vajpayee Bankable Yojana: The team of Commissioner, Cottage and Village Industries, Government of Gujarat, has several projects. To offer the advantages of the VBY, an online platform called Bankabl Loan Registration has been made available. Learn more about Shiksha Shiksha’s VBY, which aims to give jobless women and self-employed people access to self-employment opportunities.
We shall receive details on the VBY today. For those without jobs, this program is quite helpful. Day by day, the rate of unemployment is rising. It is imperative to address unemployment as quickly as possible. We want to provide you with information on the VBY through this post. To learn about some crucial information that you may read in this post, continue reading to the finish.
Alos Read: Sukanya Samriddhi Yojana Interest Rate 2024
Contents
Vajpayee Bankable Yojana 2024
The VBY allows state people to continue working for themselves. And, indeed, disadvantaged, disabled, and educated youngsters in metropolitan areas who are unemployed have a lot of options to work for themselves. What is the intended use of the VBY? This lending scheme’s primary goal is to link the corrupt industries and provide them the ability to launch their own companies. Additionally, under the VBY, only educated unemployed persons are safeguarded; as a result, they are independent.
Vajpayee Bankable Yojana 2024: Highlights
| Yojana Name | Shri Vajpayee Bankable Yojana |
| The Purpose Of The Scheme | self-employment to the unemployed persons in urban and rural areas |
| Scheme Launch By | Gujarat Government |
| Maximum Loan Support | 8.00 lakh for Industries, Service and Business sector |
| Apply Online Official Portal | blp.gujarat.gov.in |
Objectives of VBY
It is crucial that the state of Gujarat’s educated young, females and disabled residents have the chance to work for themselves in both rural and urban settings. The goal of the Shri VBY is to support cottage businesses. By using this program, individuals can establish their autonomous enterprises and attain self-sufficiency, therefore qualifying for loans with extremely cheap interest rates. Under the VBY, recipients would be eligible for loans in the commercial, industrial, and service sectors as well as subsidies.
Also Read: Smile Scheme
Eligibility Criteria of VBY Yojana
The “commissioner of cottage and rural industries” is in fee of this system. The “shree VBY ” establishes the following qualifying standards for recipients of resources.
- Being a Gujarati citizen has its significance.
- Beneficiaries must possess a minimum of a standard-4 education.
- The recipient must be between the ages of 18 and 65 to apply.
- To be eligible for a loan for a company or profession, the beneficiary must have completed at least three months of training from a private institution.
- The recipient will be allowed to use the program even if he has completed a month of training from a government-approved facility.
- Candidates with a year of business experience will also be taken into consideration.
- Even if the beneficiary is a legacy artisan, they will still be eligible for the scheme’s benefits.
- This program can also help individuals who are blind or disabled.
- The banks listed on the “Vajpayee Bankable Yojana Bank List,” including cooperative banks, government banks, and commercial banks, are eligible to receive benefits under this program.
- A single person will be eligible for the Vajpayee Bankable Yojana just once.
- The Vajpayee Bankable Loan Yojana is intended to aid active support groups and grading groups.
- This plan will not be available to anyone who have already benefited from it through this department or another department.
Documents required to avail of Vajpayee Bankable Yojana
- Certificate of School Leaving (LC)
- A passport-sized picture and an electoral card
- The beneficiary’s Aadhaar card
- Marksheet for educational qualifications and certificate of birth registration (last mark sheet)
- Credential for Caste Competent Authority (For Scheduled Caste and Scheduled Caste Only)
- When beneficiaries are 40% or more incapacitated, a certificate from a civil surgeon or competent authority attesting to the beneficiaries’ proportion of incapacity
- A certificate attesting to the applicant’s education and experience.
- Attach the equipment’s original price list, including the VAT and TIN.
- Evidence of a fixed company location. (Lease Access/Lease/Building Tax)
- If power is to be used, the homeowner’s authorization form and the house’s electricity bill must be shown.
The loan limit :
- Industrial sector loan amount – INR 8 Lakhs.v
- Service sector the loan amount is – INR. 8 Lakhs.
- Trade sector the loan amount is – INR 8 Lakhs.
Maximum Limit of Subsidy:
| SECTOR | LIMIT OF SUBSIDY AMOUNT |
|---|---|
| Industries | ₹.1,25,000/- |
| Service | ₹.1,00,000/- |
| Business | From ₹.60,000/- to ₹.80,000/- |
Depending on the category, there are different caps on company subsidies (reserve or general). The maximum subsidy amount for the general category will be 60,000 for urban areas and 75,000 for rural areas, respectively. 80,000 will be the reserve category ceiling.
Also Read: Pradhan Mantri Vaya Vandana Yojana 2024
For which business loans are given?
Under the Shri Vajpayee Bankable Yojana, several business, employment, service, and business initiatives have been recognized. A total of 17 different project profile categories include 395 different subbusiness kinds. which is listed below.
| Name of field | the number |
| Business type businesses | 53 |
| Service type business | 51 |
| Other industry | 23 |
| leather industry | 6 |
| Electricals industry | 18 |
| Glass and Ceramic Industry | 6 |
| Dairy industry | 5 |
| Mineral based industry | 9 |
| Forest produce based industry | 7 |
| Handicraft industry | 18 |
| Food industry | 18 |
| Plastic industry | 22 |
| Agriculture based industry | 10 |
| Paper printing and stationery industry | 12 |
| Textile industry | 32 |
| Chemical and cosmetic industry | 42 |
| Engineering industry | 53 |
| 395 |
Apply online for Vajpayee Bankable Yojana
The Vajpayee Bankable Yojana online application process is as follows.
- You must first enter “Bankable Scheme Portal” into Google.
- The URL to the finance department’s official website may be found in this search.
- You may access https://blp.gujarat.gov.in/ by using it.
- To register online for the “Shri Vajpayee Bankable Loan Scheme,” one must visit the portal.
- To begin the registration procedure, click “REGISTER” if you haven’t already arrived at this site.
- You may proceed by providing your cellphone number and captcha code to finish the registration process.
- Fill out the registration form by providing your name, password, email address, and other information.
- By selecting “Citizen Login,” you may access your beneficiary account if your registration was successful.
- Click “New Application” after entering your password and cellphone number to log in.
- Select “shri vajpayee bankable yojana” to begin the net utility.
- Getting into your cope with and other information inside the application will allow you to retain.
- The assignment, commercial enterprise, and necessary economic statistics may additionally then be entered in “plan information.”
- Once all of the facts is entered, select “keep & subsequent” beneath “revel in / schooling info.”
- Importing the pdf file and the essential papers to “attachment” will let you click “apply.”
- Your online software range might be generated upon a hit completion of the method; you have to preserve it on the document.
Vajpayee Bankable Yojana Application Form
The required template for the Shri Vajpayee Bankable Scheme Application Form was created by the Commissioner of the Cottage and Village Industries Department of the Government of Gujarat. However, the Finance Department of the Gujarati government is handling the online application process for the future Vajpayee Bankable Yojana. Therefore, to receive the benefits of this plan, participants must have the “Vajpayee Bankable Yojana” PDF form in hand.
Also Read: Pradhan Mantri Jeevan Jyoti Bima Yojana
How much will be the receipt of subsidy in this scheme?
Recipients of the Vajpayee Bankable Yojana Subsidy may apply online to get the program’s benefits. On the construction portal, applicants can apply online for the Vajpayee Bankable Yojana Subsidy form. They must thus get loan approval from the relevant agency. One may get further details regarding the Vajpayee Bankable Yojana subsidy form by getting in touch with the district’s “Zilla Udyog Kendra” office.
FAQ’s
Q: Who is eligible for the Vajpayee Bankable Yojana?
Ans: What are the requirements to be eligible for the Vajpayee Bankable Yojana? The age range for the candidate must be between 18 and 65. The bare minimum of schooling is a standard 4th pass.
Q: What is the eligibility criteria of age for Shri Vajpayee Bankable Yojana?
Ans: What qualifications are needed to be eligible for the Shri Vajpayee Bankable Yojana? Age Range: Eighteen to sixty-five years old. government-approved institution. Family Earnings
Q: What is the limit of the Vajpayee Bankable Yojana loan?
Ans: ₹.8.00 lakh for the service sector and ₹.8.00 lakh for the industries sector.
Q: What is eligibility for a loan?
Ans: You must be in the age range of 21 to 60. You must have worked for a company for at least a year, and at least two years overall. A monthly net income of $25,000 is required.
Suggested Link:- Companycontactdetail, Uidaionlineaadharcard, Typingspeedtestonline scholarships gov, Mobilenumbertrackeronline, Nebsit Council, Digitalindiadataentryjobs, Indnewsupdates, Digitizeindiagov, Onlinereferjobs
@MAN