Back to Schemes
Business & Entrepreneurship; Skills & Employment

Mukhyamatri Rojgaar Srijan Yojana

The Mukhyamantri Rojgaar Srijan Yojana aims to promote self-employment and entrepreneurship among Scheduled Tribes (ST), Scheduled Castes (SC), Minorities, Backward Classes, and Persons with Disabilities (PwDs) by providing subsidized loans and financial assistance.

Authority

State/ UT

Region

Jharkhand

Status

Verified 2026

Updated

March 2026

What you get

Subsidized Loan for Self-Employment: | - 40% subsidy on loans or a maximum of ₹5,00,000/-, whichever is lower. | - EMI will be calculated on the remaining loan amount after deducting the subsidy. | Loan Guarantee Facility: | - Loans up to ₹50,000/- do not require a guarantor. | - For loans above ₹50,000/-, a guarantor or collateral (movable/immovable property) is required. | Low Interest Rate: | - Loans are provided at an interest rate of 6%. | Entrepreneurship Development Training: | - Beneficiaries will receive training before starting their business ventures. | NOTE: For loans above ₹50,001/-, the applicant must deposit 10% of the loan amount as margin money.

Who can apply

The applicant's age should be between 18 to 50 years.; The applicant must be a permanent resident of Jharkhand.; The applicant's annual family income should not exceed ₹5,00,000/- for rural and urban areas.; The applicant should not be employed in any government or semi-government job.; The applicant must not be a loan defaulter in any bank.; Only environment-friendly business proposals are acceptable (businesses related to alcohol, drugs, or polythene are not allowed).; If the applicant is disabled the percentage of disability should not be less than 40%.

Required Paperwork

  • Aadhaar Card
  • PAN Card
  • Income Certificate
  • Residence Proof (Domicile)

Common Questions

Who is eligible for the scheme?

The applicant belongs to Scheduled Tribes, Scheduled Castes, Minorities, Backward Classes, and permanent residents of Jharkhand.

What is the loan subsidy provided under this scheme?

The scheme offers a subsidy of 40% of the loan amount or up to [?]5,00,000, whichever is lower.

Is a guarantor required for the loan?

For loans up to [?]50,000, No guarantor is required and the loans above [?]50,000 A guarantor or collateral (movable/immovable property) is mandatory.

What is the interest rate for the loan?

The loan is provided at a subsidized interest rate of 6%.

Can individuals from urban areas apply for the scheme?

Yes, individuals from urban and rural areas can apply, provided they meet the eligibility criteria.

What types of businesses are eligible for the scheme?

Environment-friendly businesses are eligible. However, businesses related to alcohol, drugs, or polythene manufacturing are not allowed.

How is the loan disbursed to the beneficiaries?

After approval, the loan amount is directly transferred to the applicant's registered bank account.

What documents are required to apply for the scheme?

The required documents include an Aadhaar card, Caste certificate, Income certificate, Bank passbook copy Business proposal, etc.

How can I apply for the scheme?

The applicant can apply by submitting an application form to the respective corporation (Tribal, SC, Backward Class, Minority) or the District Welfare Office.

Is there any age relaxation for applicants?

No, the age limit is fixed at 18 to 50 years, and no relaxation is provided.

Can I avail of the scheme benefits if I am already employed?

No, only unemployed individuals are eligible to apply for the scheme.