Vishwakarma Yuva Udyami Protsahan Yojana (VYUPY)
A programme by Department of Industries and Commerce, Government of Rajasthan
A continuous state subsidy for youth-owned micro and small enterprises, with a margin-money grant and an interest subsidy on loans from financial institutions.
At a glance
| Best for | Young entrepreneurs aged 18 to 45 who own at least 51% of a micro or small enterprise |
|---|---|
| Duration | Continuous |
| Grant support | For selected startups. A place in the programme does not by itself guarantee a grant. |
About Vishwakarma Yuva Udyami Protsahan Yojana (VYUPY)
The Vishwakarma Yuva Udyami Protsahan Yojana is a state scheme for young entrepreneurs who take loans from financial institutions for their enterprise. The Industries & Commerce Department runs it, and the department lists it as continuous, with no end date.
What you get
- A margin-money grant on the loan from a financial institution, up to a set ceiling
- An interest subsidy on the loan, at rates that depend on the size of the loan, payable when the loan is repaid on time
Who can apply
- Applicants aged 18 to 45
- Enterprises at least 51% owned by applicants in that age range
- Micro and small enterprises as defined by the Government of India
How to apply: Applications are made online. Check the department's website for the current form and guidelines.
Where to apply
Other Department of Industries and Commerce, Government of Rajasthan programmes
- Assistance for Quality EnhancementA one-time reimbursement of part of the cost of quality, system and IPR certification for MSMEs, set out in the Rajasthan MSME Policy 2024.
- Technology Acquisition AssistanceA one-time reimbursement of part of the cost of technology or software that micro and small enterprises acquire for production, up to a per-unit ceiling.
- Additional Interest Subsidy and Credit Guarantee Fee ReimbursementAn extra interest subsidy on top of the RIPS 2024 incentive for selected MSME projects, plus reimbursement of annual credit guarantee fees on some collateral-free term loans.
- Assistance to MSMEs for Market DevelopmentPart-reimbursement of stall rent for selected MSMEs at notified national and international fairs and exhibitions, with a limit on events each financial year.
- Rajasthan Investment Promotion Scheme (RIPS) 2024: MSME incentivesThe state's investment incentive framework; the MSME policy lists the incentives manufacturing and service MSMEs can get under it, including asset creation, skilling and IP creation incentives.
Everything about Department of Industries and Commerce, Government of Rajasthan