The Government of Jharkhand has recently launched the Chief Minister Employment Generation Scheme. Under this scheme, the Government of Jharkhand will provide financial assistance to its people. Through this scheme, Unemployed youth of the state can take loans without a guarantee for setting up their business. A provision of a loan of up to Rs 25 lakh has been made to promote entrepreneurial skills to the youth in rural and urban areas of the state.
What are the Benefits of the Mukhyamantri Rojgar Srijan Yojana Loan Scheme?
- Under the scheme, unemployed youth living in urban and rural sectors (Scheduled Castes, Scheduled Tribes, Divyaang, Backward Classes) can avail loans at affordable interest rates to start their business. (Applicable for the MSMEs)
- Under this scheme, one can take a loan of 50 thousand rupees without any guarantee.
- One can avail a loan of up to Rs 25 lakh during the plan. He/she will also be given a subsidy of up to 40% on taking the loan.
- The amount of the grant shall not exceed 5 lakh.
What are the Eligibility Criteria for the Mukhyamantri Rojgar Srijan Yojana Loan Scheme?
- The age of the person must be between 18 years to 45 years
- The person applying for the scheme must be a resident of Jharkhand.
- The individual’s family income should be less than Rs 5 lakh.
- Sakhi Mandal can also benefit, under the scheme.
- There is no requirement for any guarantee on loans up to Rs 50 thousand under this scheme.
What are the Documents Required for Mukhyamantri Rojgar Srijan Yojana Loan Scheme?
- Aadhar card
- Ration card
- Proof of age
- Project Report/Business Plan
- Caste certificate of the applicant
- Passport size photograph
- Mobile number
- Income Address
- Bank account details
- Proof of address (Electricity Bill, etc.)
In the above list, a Business plan also known as a project report is a crucial document when applying for a bank loan. The bank uses this document to analyze the overall feasibility, risks, financial viability, and potential of a project. A well-crafted and convincing project report increases the chances of loan approval. With Finline you can craft a compelling project report in less than 10 minutes. That too in your language. Also, our reports are accepted by all public and private sector banks working in India. Click to create your project report.
How to apply for the Mukhyamantri Rojgar Srijan Yojana Loan Scheme?
One has to approach any of the following, in order to avail the benefit of the scheme.
- Jharkhand State Tribal Cooperative Development Corporation
- State minority finance and development corporation
- Jharkhand State Scheduled Caste Cooperative Development Corporation
- District Welfare Officer
- Jharkhand State Backward Classes Finance and Development Corporation
