[Latest Scheme] Vajpayee Bankable Yojana Loan Interest Rate 2021.

A Vajpayee Bankable Yojana for providing financial assistance to the craftsmen of Cottage Industries through Nationalised Banks, Co-operative, Public sector or Private Banks.In order to provide self-employment opportunities to the educated unemployed and artisans under this scheme, the old bank strength scheme has been amended and made more liberal and has been implemented from 1/4/2001.

The scheme covers industry, trade and service sectors. Under this scheme, loans and assistance are given for individual self-employment. At present 3 project profilers have been prepared for job creation through Bank Bal Yojana.

Latest Scheme :: Shree Vajpayee Bankable Yojana 2020

( 1 ) Purpose : – Under this scheme the intention is to provide self employment to the unemployed persons in urban and rural areas of Gujarat. People with disabilities or blind people will also be able to avail the benefits of this scheme.

( 2 ) Eligibility of the scheme :
1 . Age: 18 to 65 years

→ Educational Qualification : At least Std-4 (four) pass or
Training / Experience : Must have at least 3 months training from a private institute suitable for the profession or at least one month training from a government recognized institute or have one year business related experience or inherited artisan.

Income: There is : no limit.

Maximum limit of assistance:

  • Industry Rs.30,000
  • Service Rs. 15,000
  • Trade Rs.10,000

→Area General Category Scheduled Caste / Scheduled Tribe / Ex-Serviceman / Women / 40% Blind or Handicapped
→Rural 25% 40 %
→Urban 20% 30%

( 2 ) Maximum limit of assistance :
Order Field Aid amount limit ( amount in rupees )
Industry ₹.1,25,000 Rs
Service ₹.1,00,000 Rs
Trade General Category Urban ₹.60,000
Rural ₹.૭૫,૦૦૦
Reserve category Urban / Rural ₹.80,000

Akila News :- 215 crore allotted for Vajpayee Bankable scheme: Charkha to be given to 1500 artisans

  • Cottage and village industries in the budget are important sources of employment in the rural economy. A provision of Rs. 215 crore has been made for this sector.
  • Under Shri Vajpayee Bankable Scheme, Capital Subsidy is given by the State Government on loans up to Rs. 3 lakhs in Industry, Trade and Services. This scheme will provide self-employment opportunities to 6,000 beneficiaries this year. For which a provision of Rs. 206 crore.
  • Under Manav Kalyan Yojana, small artisans are provided free tools to suit their employment. This year 3 thousand small artisans will be covered under this scheme. For which provision of Rs. 3 crore.
  • One thousand new solar charkhas and 3000 solar weaving schools will be provided to 1500 artisans involved in khadi weaving in the state with 5% assistance. Provision of Rs. 5 tax for this.

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