Sarothi Scheme 2026
This scheme aims to boost self-employment by providing financial support to individuals for starting businesses, trades, or Read More... industries, including those with disabilities. Read less
Details
Looking for a way to start your own venture? The Shri Vajpayee Bankable Yojana could be your stepping stone to self-employment.
What Is This Scheme?
The Shri Vajpayee Bankable Yojana is designed to help unemployed people in both cities and villages become self-reliant. It provides financial assistance through banks, making it easier to set up your own business. This scheme is also open to individuals with disabilities or visual impairment.
Who Can Benefit From This Scheme?
If you are an unemployed individual between 18 and 65 years old, looking to start a business in the industries, service, or business sector, this scheme is for you. You need to have at least a Class-IV education or possess relevant training or experience in your chosen field.
Why This Scheme Is Important
This initiative is crucial for empowering individuals by creating employment opportunities. It encourages entrepreneurship, which in turn contributes to the economic growth of both urban and rural areas. By providing access to bank loans and subsidies, it lowers the financial barrier for aspiring business owners.
Objective
Benefits
Sources and references
Eligibility Criteria
- Age: Applicants must be between 18 and 65 years old.
- Education/Training/Experience:
- You should have passed at least the fourth standard.
- OR You must have undergone training for a minimum of three months from a private establishment or one month from a government-recognized institute in your proposed business area.
- OR You should have at least one year of experience in the same activity.
- OR You can be a hereditary craftsperson.
- Income Criteria: There is no specific income limit to apply for this scheme.
How To Apply
The application process is typically managed online through a dedicated portal. Here’s a general guide:
- Visit the official online portal: https://blp.gujarat.gov.in/
- Look for the 'Bankable Loan Registration' or a similar section and click on the registration button.
- Fill in all the required details accurately in the application form.
- Submit the form after reviewing all the information.
- If you have forgotten your password, you can reset it by clicking on 'Reset Password' on the login page and following the SMS instructions.
- Login to the portal using your registered mobile number, password, and captcha code to proceed.
Documents Required
Applicants will need to provide the following documents:
- Aadhar card copy
- Vocational Training Certificate (if applicable)
- Educational qualification certificate
- Caste certificate (if applicable)
- Address proof
- Passport-size photographs
- Proof of applicant details (e.g., identity proof)
- Bank account passbook copy
- School or college identity card (if applicable)
- Proof of business location or place of business
FAQ’s
What are the types of financial institutions that support this scheme?
The scheme is supported by all nationalized banks, regional rural banks, cooperative banks, public sector banks, and private banks.
Can I apply for more than one business project under this scheme?
No, an entrepreneur is only allowed to submit one project application under this scheme.
What is the age requirement to apply for the Shri Vajpayee Bankable Yojana?
You need to be between 18 and 65 years old to be eligible for this scheme.
What is the maximum loan amount I can get through the bankable loan portal?
Through the portal, you can avail loans up to ₹.8 lakhs for projects in the industry, service, or trade sectors.
What kind of businesses are not eligible for the Shri Vajpayee Bankable Yojana?
Businesses related to meat processing or serving, intoxicants (manufacturing/storage/sale), crops, arable farming, fisheries, pig rearing centres, and any project that causes environmental issues or is illegal are not supported.
How do I get a new password if I have forgotten it?
Visit the official portal (https://blp.gujarat.gov.in/), go to bankable registration, click on the login button, and then select 'Reset Password'. Enter your registered mobile number and captcha code; the new password will be sent via SMS.
What is the basic educational qualification needed for this scheme?
You should have passed at least the fourth standard. Alternatively, you can apply if you have completed at least three months of training from a private institution or one month from a government-recognized institute in your chosen field, or have one year of relevant work experience, or are a hereditary craftsperson.
What is the Shri Vajpayee Bankable Yojana?
This scheme is designed to help unemployed individuals in urban and rural areas become self-employed by providing financial assistance for starting businesses. People with disabilities or blindness are also eligible to benefit.
Can my loan be jointly financed by two different banks?
No, joint financing from two different banks or financial institutions for a single project is not permitted under this scheme.
How can I register on the Bankable Loan Portal?
Go to https://blp.gujarat.gov.in/, find the 'bankable loan registration' section, click on the registration button, and fill in the requested details.
How do I log in to the portal?
Open the portal at https://blp.gujarat.gov.in/, navigate to bankable registration, click the login button, and enter your mobile number, password, and captcha code.
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