Vishwakarma Yuva Udyami Protsahan Yojana (VYUPY)
Dear-Businessman/Investors,
In Series of KIP: Business and Subsidy Update, today we are going to share with benefits initiative of launched by the Rajasthan government of Vishwakarma Yuva Udyami Protsahan Yojana.
Objective:
The object of the Vishwakarma Yuva Udyami Protsahan Yojana is to promote self-employment and entrepreneurship among youth in Rajasthan by providing financial support and incentives. The government will provide financial support to eligible young entrepreneurs in the form of business loans
Quantum of Assistance:
- Interest Subsidy : Loans up to ₹2 crore are available with an 8% interest subsidy.
- Margin Money Assistance: 25% of the loan amount or up to ₹5 lakh is provided as margin money.
- Additional Benefits: Women, SC/ST, disabled individuals, and entrepreneurs in rural areas receive an additional 1% interest subsidy on loans above ₹1 crore.
Eligibility Criteria:
- Applicant age Between 18 and 45 years old
- For entities like HUF, Society, Partnership Firm, LLP Firm, and Company to be eligible for the Vishwakarma Yuva Udyami Protsahan Yojana, they must:
- Be registered as per applicable rules and regulations.
- Have at least 51% ownership held by individuals between 18 and 45 years of age.
- Micro and small enterprises covered under the definition prescribed by the Government of India at the time of application for loan and interest subsidy under the scheme will be eligible.
- A person and any member of his family who is a director in a company and has availed the benefit under the Scheme and if the same person and any member of his family is also a director in another company, then the other company will be eligible for the benefit under the Scheme.
Note: The Vishwakarma Yuva Udyami Protsahan Yojana (VYUPY) is applicable to Micro and Small Enterprises, providing them with financial support and incentives to promote entrepreneurship and self-employment among youth in Rajasthan.
Time Period:
The scheme will be called the “Vishwakarma Youth Entrepreneur Incentive Scheme,” and its jurisdiction will be the state of Rajasthan. The scheme will be effective from the date of notification until March 31, 2029.
Reach Us
Call Us : 8683898080
E-mail Us : sales@kipfinancial.com
KIP Financial Consultancy Pvt. Ltd.
DSB – 38, Red Square Market, Hisar – 125001 (HR)
Leave a Comment