Mukhyamantri Rojgaar Srijan Yojana
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Quick Answer
Subsidised loans at 6% interest, a 40% subsidy up to ₹5,00,000 and entrepreneurship training for ST, SC, Minority, Backward Class and disabled applicants in Jharkhand.
About this loan
The Government of Jharkhand's Mukhyamantri Rojgaar Srijan Yojana (MMRSY) helps Scheduled Tribes (ST), Scheduled Castes (SC), Minorities, Backward Classes and Persons with Disabilities (PwDs) start their own businesses. It is run by the Department of Scheduled Tribe, Scheduled Caste, Minority and Backward Class Welfare.
You get a 40% subsidy on your loan amount, capped at ₹5,00,000. EMIs are calculated only on the remaining principal. The interest rate is 6%. You also get Entrepreneurship Development Training before you start. Loans up to ₹50,000 need no guarantor. Larger loans need a guarantor or collateral. For loans above ₹50,001, you deposit 10% of the loan amount as margin money.
You must be 18 to 50 years old and a permanent resident of Jharkhand. Annual family income must not exceed ₹5,00,000. You cannot hold a government or semi-government job or be a bank loan defaulter. Alcohol, drugs and polythene businesses are not allowed. Disabled applicants need a disability of at least 40%.
Eligibility
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Grant providers
Benefits & Funding
- Fund type
- Debt
- Equity
- Equity-free
- Repayment
- Repayable
What You Get
The Mukhyamantri Rojgaar Srijan Yojana provides comprehensive financial assistance through subsidized loans aimed at promoting self-employment. Beneficiaries can avail a subsidy of 40% on their loan amount, capped at a maximum of ₹5,00,000. This substantial subsidy significantly reduces the financial burden, with EMIs calculated only on the remaining loan principal. Loans are offered at an attractive low interest rate of 6%, making capital more accessible for aspiring entrepreneurs. Furthermore, the scheme includes a loan guarantee facility: loans up to ₹50,000 do not require a guarantor, while loans above this amount require a guarantor or collateral. Crucially, beneficiaries will also receive Entrepreneurship Development Training to equip them with the necessary skills and knowledge before launching their business ventures, ensuring a higher likelihood of success. For loans exceeding ₹50,001, applicants are required to deposit 10% of the loan amount as margin money, fostering a sense of ownership and commitment.
- Bootstrap friendly
- Yes
Timelines & Process
Applications
Rolling basis
Selection Process
Applications for the Mukhyamantri Rojgaar Srijan Yojana are first screened for eligibility based on criteria such as age, residency, family income, and business type. Eligible applications, whether submitted online or offline, will undergo a detailed review by the concerned corporation or District Welfare Office. This evaluation will assess the viability of the proposed business and the applicant's suitability. Shortlisted candidates may be called for further verification or an interview to discuss their business plan in more detail. The final selection will be made based on the comprehensive assessment, ensuring that the financial assistance reaches deserving and capable entrepreneurs who align with the scheme's objectives of self-employment and economic empowerment for the target communities.
Application Process
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Online Registration
Register on the official website by providing Aadhaar, DOB, mobile, and email.
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How to apply
Four steps from draft to disbursement — one action each.
- 1
Draft your application
Answer the form inside the grant tracker — AI drafts each response using your past answers, so you're not starting from a blank page.
- 2
See the questions before you start
Download every question this programme's application form asks, so you can prepare your answers offline before opening the portal.
- 3
Line up your documents
Keep every document from the checklist ready in one folder. Missing docs are the #1 reason applications get bounced.
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Submit on the official portal
Use the official application link and verify all details before final submission.
- 5
Follow up
Reach out 5–7 days after submitting to confirm receipt and ask about the review timeline.
Program templates & documents
Files the program publishes for applicants — download these and apply in the prescribed format.
Frequently Asked Questions
What is the primary objective of the Mukhyamantri Rojgaar Srijan Yojana?
The primary objective of the scheme is to promote self-employment and entrepreneurship among Scheduled Tribes (ST), Scheduled Castes (SC), Minorities, Backward Classes, and Persons with Disabilities (PwDs) in Jharkhand by providing subsidized loans and financial assistance.
What is the maximum subsidy I can receive on a loan?
You can receive a subsidy of up to 40% of the loan amount, with a maximum cap of ₹5,00,000, whichever is lower. The Equated Monthly Installment (EMI) will then be calculated on the remaining loan amount after the subsidy deduction.
What is the interest rate for loans under this scheme?
Loans under the Mukhyamantri Rojgaar Srijan Yojana are provided at a low interest rate of 6% per annum.
Are there any age or income restrictions for applicants?
Yes, applicants must be between 18 and 50 years of age. Additionally, the annual family income of the applicant should not exceed ₹5,00,000 for both rural and urban areas.
Do I need a guarantor for the loan?
For loans up to ₹50,000, no guarantor is required. However, for loans above ₹50,000, a guarantor or collateral (movable or immovable property) is necessary.
What kind of businesses are not allowed under this scheme?
The scheme only supports environment-friendly business proposals. Businesses related to alcohol, drugs, or polythene are strictly not allowed.
Is entrepreneurship training provided?
Yes, beneficiaries will receive essential Entrepreneurship Development Training before they start their business ventures, ensuring they are well-prepared for their entrepreneurial journey.
Sources
Data on this page is compiled from official program and provider references.
