Rajasthan Mukhyamantri Svanidhi Yojana

Submitted by pradeep on Wed, 03/09/2025 - 15:15
Rajasthan CM
Scheme Open
Rajasthan Mukhyamantri Svanidhi Yojana Image
Highlights
  • Loans up to Rs 50,000 will be provided to start their business.
  • The loan is collateral-free.
  • Loan also offers a 7% interest grant.
  • The loan will be offered for a maximum period of 36 months.
Customer Care
  • Rajasthan Local Self Govt Department Phone Number: 0141-2226722
  • Email Helpdesk: @email

Summary of the Scheme

Name of the SchemeRajasthan Mukhyamantri Svanidhi Yojana
Launch Year2024
Benefits
  • Loan up to Rs 50,000.
  • Loan Interest subsidy of 7%
BeneficiaryRajasthan Unorganised Sector Workers
Nodal DepartmentLocal Self Government Department.
SubscriptionSubscribe here to get Update Regarding Scheme
Mode of ApplyOnline through Rajasthan SSO Portal.

Scheme Introduction: A Brief Overview

  • The Rajasthan Government is continuously making efforts to provide necessary support to the vulnerable families.
  • For this, they have started several initiatives to offer economic support.
  • Recently, the government has started a new scheme called "Mukhyamantri Svanidhi Scheme".
  • This scheme is different to the central government "PM Svanidhi Scheme", which provides financial support to unorganised street vendors.
  • However, the PM Svanidhi Yojana doesn't provide support to various unorganised sector workers as they were not eligible.
  • In order to fill this gap, the state government launched the Mukhyamantri Svanidhi Scheme.
  • Under this scheme, the state government is distributing loans through Nationalised Commercial Banks, Gramin Banks, Private Sector Banks, and Scheduled Small Banks.
  • The primary objective of the scheme is: -
    • To provide easy loan facilities to needy and vulnerable urban families.
    • To increase the capital flow in small businesses and enterprises.
    • To encourage self-reliance among the underprivileged.
  • The Rajasthan Chief Minister Svanidhi Yojana offers collateral-free, subsidised loans in three phases: -
    • In Phase 1, the beneficiary will be granted a loan of Rs 10,000/- for 12 months.
    • In Phase 2, the beneficiary will get a Rs 20000 loan for a period of 18 months.
    • In Phase 3, beneficiaries will get Rs 50,000 for 36 months.
  • The state government will provide a 7% percent interest subsidy on these loans.
  • However, the interest subsidy will only be provided if the applicant repays the loan amount within the given schedule.
  • The benefit of the scheme will be provided to needy and vulnerable families of the unorganised service sector, including: -
    • Gig Workers.
    • Transport Worker.
    • Domestic Worker.
    • Construction Worker.
    • Hawkers.
    • Waster Workers.
    • Rag pickers.
    • Artisans.
  • To avail of the scheme benefits, the beneficiaries must meet its eligibility criteria (discussed in a later section).
  • The loan provided under the scheme is collateral-free, which means beneficiaries are not required to submit any security.
  • Application of Mukhyamantri Svanidhi Yojana can be submitted online through the SSO Portal.
  • Post scrutiny, the eligible applications will be forwarded online to the concerned bank.
  • The bank will approve and disburse the loan in the given time period.

Scheme Benefits

  • Beneficiaries will receive a loan to start their business.
  • The loan will be provided in three phases.
  • The loan will be provided for a maximum duration of 36 months.
  • The government will provide a 7% grant on the loan interest rate.
  • The loan provided is collateral-free.
PhaseLoan Amount (in Rs)Loan Tenure
Phase 110,00012 Months
Phase 220,00018 months
Phase 350,00036 months

Eligibility Requirement

  • The applicant must be a domiciled resident of Rajasthan.
  • Age should be between 18 and 60 years.
  • Must have a valid license/ Permit/ Letter of Recommendation (LOR) from the concerned department.
  • Beneficiaries who are not entitled to the benefit of the PM Svanidhi Scheme.

Required Documents

  • Janaadhaar Card.
  • Aadhaar Card.
  • Identity Proof.
  • Address Proof.
  • License/ Letter or Recommendation (LOR)

Steps to Apply

  • The Rajasthan Mukhyamantri Svanidhi Yojana application form can be submitted online.
  • Its online applications are available at the Rajasthan SSO Portal
    Mukhyamantri Svanidhi Yojana Application
  • Fill out the form carefully and share all mandatory details.
  • Upload the required documents to their designated place in the given size and format only.
  • Preview the duly filled-in application form before final submission.
  • Once submitted, the application will be sent to the officials for verification.
  • Post successful verification, the application will be forwarded to the concerned banks.
  • After reviewing the applications, the bank will disburse the loan amount within the scheduled time.

Important Points

  • The loan amount under the scheme will be credited to the applicant's bank account within two weeks.
  • If the loan is not repaid within the allotted time, applicants need to pay a penalty as per banking rules.
  • The account can only be closed after six months from the date of loan disbursal, if the loan amount is fully repaid.
  • The interest subsidy will be credited to the applicant's bank account directly. The request will be made by the bank every six months.

Relevant Link

Contact Information

  • Rajasthan Local Self Govt Department Phone Number: 0141-2226722
  • Email Helpdesk: @email

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