Shri Vajpayee Bankable Yojana;

After applying online in Shri Vajpayee Bankable Yojana, the beneficiary is given a loan of up to Rs 8 lakh. and subsidy up to Rs 1,25,000 is given in this VBY Yojana loan.

In 2020, the Government of Gujarat launched this Shri Vajpayee Bankable Scheme, named after the former Prime Minister of India Shri Atal Bihari Vajpayee, to make the industry more progressive and include cottage industries located in the state. Business can be expanded for various types of unemployed youth and artisans.

Through this scheme, unemployed youth located in the state will get an opportunity to establish themselves, as well as artisans of various cottage industries located in the state will be able to develop their industries. People from different sections of the state can apply for this scheme.

Under Shree Vajpayee Bank Scheme, each applicant can get a loan up to a maximum of Rs 8 lakh in the form of industrial sector, service sector and business sector. The state government will Provide subsidy up to a maximum of Rs 1.25 lakh from the loan amount.

So if you are a resident of Gujarat state and want to further expand your industry or business, then you should apply for this Shri Vajpayee Bankable Yojana. So if you want to know the details about this scheme, and want to apply for this scheme, then read this article carefully.

Summary of Shri Vajpayee Bankable Yojana (SVBY)

This scheme is designed to promote self-employment and industrial development in Gujarat, India.

Objective of Shri Vajpayee Bankable Yojana

Like other schemes prevalent in the state of Gujarat , Shri Bajpai Banking Scheme has some objectives, let’s know it.

• The specific main objective of this scheme is to reduce unemployment within the state.
• This scheme has been launched so that trade and technical industries can be developed in the state.
• The state government has started this scheme so that the youth located within the state can become self-reliant and empowered.

VBY Yojana Beneficiary

Under Shri Vajpayee Bankable Scheme, every unemployed youth and people of every section associated with the technical industry will be able to avail the full benefits of the scheme by applying under this scheme. Apart from this, physically handicapped and blind people will be able to avail the benefits of the scheme by applying for this scheme.

Shri Vajpayee Bankable Yojana Eligibility Criteria

If you want to apply for Shri Vajpayee Bankable Scheme, you must have certain qualifications, those specific qualifications are as follows.

• The applicant must be a permanent resident of Gujarat state.
• To apply for this scheme, the applicant must have studied and passed minimum 4th class.
• The applicant should have received training from a private company for 3 months or at least 1 month of training from a government organization or the applicant should have at least 1 year of experience in hereditary craftsmanship.
• The age of the applicant should be between 18 years to 65 years.
• However, there is no family income criteria to apply for this scheme.

Shri Vajpayee Bankable Yojana Documents

While applying for Shri Vajpayee Bank Scheme, applicants need to upload certain documents, which are

• applicant’s Aadhar card
• proof of address
• Cast Certificate (if any)
• training certificate
• educational qualification certificate
• proof of age
• Project report or business plan
• Bank account number (must be linked to Aadhaar number)
• school or college identity card
• Applicant details
• place of business
• mobile number
• passport size photograph

Shri Vajpayee Bankable Yojana Apply Online

If you want to apply for this Shree Vajpayee Banking Scheme through online mode, follow the procedure given below thoroughly.

Step 1: First of all you have to reach the official website by entering this link https://blp.gujarat.gov.in/header_home.php .

Step 2: After visiting the home page of the official website, you will have to click on the BANKABLE LOAN REGISTRATION option and below that click on the REGISTER option.

Step 3: After coming to the next page, now you have to enter your mobile number and fill the captcha code and click on Send OTP option. Then after filling the OTP on your mobile number, you will have to click On Submit OTP option.

Step 4: After coming to the next page, now you have to enter your name, email ID, password and captcha and click on Register option.

Step 5: Now you have to enter your registered mobile number or email ID, enter password, enter captcha code and click on Login option.

Step 6: After logging in, now you have to click On New Application option, then select Shri Vajpayee Bankable Yojana option and then click On Submit option.

Step 7: Now an application form will open in front of you, there you will have to enter the applicant’s details and address and then click on the Next option.

Step 8: After coming to the next page, now you have to Fill all the project details, business, finance requirements/project cost details and experience details or training details and then click on Save & Next option.

Step 9: In the next step you have to upload all your documents, then you have to click On Submit Application option after ticking the declaration box.

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Offline Apply

If you want to apply for Shri Vajpayee Bankable Scheme through offline mode, follow the below mentioned procedures thoroughly.

Step 1: First of all you have to download the application form to apply offline in this scheme.

Step 2: To download the application form, click here to download the application form .

Step 3: After downloading the application form, you have to take a print out of it.

Step 4: Now you have to fill that application form properly.

Step 5: You have to attach the required documents with the application.

Step 6: So now finally you have to go to your nearest District Industry Center and submit it. You can click here to know your nearest District Industrial Center .

Shri Vajpayee Bankable Yojana Official Website

Yojana Name	Official Website Link
Shri Vajpayee Bankable Yojana	Click Here
Shri Vajpayee Bankable Yojana Application Form	Click Here

 

Conclusion:

The Shri Vajpayee Bankable Yojana (SVBY) offers a compelling opportunity for residents of Gujarat to achieve self-sufficiency and propel the state’s industrial growth. With its accessible eligibility criteria, financial support, and focus on various sectors, this scheme empowers unemployed youth, artisans, and even people with disabilities to turn their business ideas into reality. By taking advantage of SVBY’s online and offline application processes, you can embark on your entrepreneurial journey and contribute to Gujarat’s economic progress.

• #SVBYEmpowerment
• #GujaratSelfReliance
• #SVBYForGrowth
• #SupportGujaratArtisans
• #TurnDreamsIntoBusiness (with #SVBY)