The Delhi Khadi & Village Industries Board, with the assistance of the Government of the National Capital Territory of Delhi, planned, established and implemented the Rajiv Gandhi Swavlamban Rozgar Yojana(RGSRY). The aim is to provide employment opportunities for unemployed youth, craftsmen, qualified professionals, skilled workers and entrepreneurs through the promotion of lawful manufacturing, trades, tertiary and service sectors.

What are the Eligibility Criteria for Rajiv Gandhi Swavlamban Rozgar Yojana (RGSRY)?
  • Drop-outs from school/college over the age of 18 years.
  • Aspiring Entrepreneurs.
  • Age of the applicant must be between 18-50 years
  • Small-scale industrial units have a total expenditure of plants, machinery and equipment. It should not exceed the limit prescribed by the Central Government for small-scale units.
  • It must be situated within the jurisdiction of the National Capital Territory of Delhi. 
  • Applicants from any technical/professional institution recognized by the Government or its sanctioned undertakings without further training.
Financial assistance as a loan under these rules can be given to any of the following groups/sectors for qualifying projects: —
  • Secondary Sector (Small Industries)
  • Tertiary (Trade, Transportation, Hostels, Restaurants without Liquor and Meat etc.)
  • Services (Under the Terms & Conditions, provisions of local bodies and Delhi Master Plan.)
Conditions: 
  • The loan shall not be sanctioned if any loan has already been advanced by the government or any government-controlled financial entity for the same.
  • The borrower shall utilize the loan for the specific purpose for which it is advanced within three months. Otherwise, misutilizing the loan shall result in the imposition of 18% interest, in addition to the possibility of recovering the principal amount.
What are the Benefits of the Rajiv Gandhi Swavlamban Rozgar Yojana (RGSRY)?
  • The operating units will receive loans of up to Rs. 3,00,000. (Provided that, the applicant concerned makes a payment of at least 10% of the amount sought as a loan from the DKVIB).
  • Weaker sections, i.e. SC/ST/OBC/Ph./Females/Ex-Servicemen, require only a 5% contribution from an entrepreneur.
  • Govt. of Delhi would provide a subsidy @ 15% of the project cost subject to the ceiling of Rs. 7,500.00 per entrepreneur.
What are the Documents Required for Rajiv Gandhi Swavlamban Rozgar Yojana (RGSRY)?
  • Passport-size photographs of the applicant (2)
  • ID Card, Copy of Valid Passport, Aadhar Card, and Electoral Photograph of the applicant. 
  • Educational Qualification Certificate
  • Project Report/Business Plan 
  • Affidavit in the prescribed format. 
  • Electricity Bill (Proof of Residence)

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, all public and private sector banks working in India accept our project report. Click to create your project report.

How to apply for Rajiv Gandhi Swavlamban Rozgar Yojana (RGSRY)? 

Visit the following website to download the application form for the RGSRY