The Rajasthan government under Chief Minister Bhajanlal Sharma launched the Vishwakarma Yuva Udyami Protsahan Yojana to promote self-employment and entrepreneurship among youth. The scheme provides subsidised loans of up to ₹2 crore for setting up or expanding manufacturing and service-based enterprises. Eligible beneficiaries — permanent residents of Rajasthan aged 18 to 45 — can avail margin money assistance of up to ₹5 lakh along with an interest subsidy, significantly lowering the barrier to institutional finance. The scheme targets the traditional artisan and craftsperson community (Vishwakarma communities) as well as broader youth segments. It is designed to complement the Rajasthan government's broader employment goal of generating 4 lakh government jobs and 6 lakh private sector jobs within five years. The scheme also integrates with skill development programmes to ensure beneficiaries can sustainably manage their enterprises. The launch is seen as a significant welfare measure ahead of the government completing two years in office, reinforcing the Bhajanlal government's focus on economic empowerment and reducing unemployment in Rajasthan.
Vishwakarma Yuva Udyami Protsahan Yojana Launched in Rajasthan to Boost Youth Entrepreneurship with Subsidised Loans up to ₹2 Crore
The Rajasthan government under Chief Minister Bhajanlal Sharma launched the Vishwakarma Yuva Udyami Protsahan Yojana to promote self-employment and entrepreneurship among youth. The scheme provides subsidised loans of up to ₹2 crore for setting up or expanding manufacturing and service-based enterprises. Eligible beneficiaries — permanent residents of Rajasthan aged 18 to 45 — can avail margin money assistance of up to ₹5 lakh along with an interest subsidy, significantly lowering the barrier to institutional finance. The scheme targets the traditional artisan and craftsperson community (Vishwakarma communities) as well as broader youth segments. It is designed to complement the Rajasthan government's broader employment goal of generating 4 lakh government jobs and 6 lakh private sector jobs within five years. The scheme also integrates with skill development programmes to ensure beneficiaries can sustainably manage their enterprises. The launch is seen as a significant welfare measure ahead of the government completing two years in office, reinforcing the Bhajanlal government's focus on economic empowerment and reducing unemployment in Rajasthan.
Key facts
- Rajasthan launched Vishwakarma Yuva Udyami Protsahan Yojana to boost youth entrepreneurship.
- Subsidised loans of up to ₹2 crore are available for manufacturing and service enterprises.
- Eligible beneficiaries must be Rajasthan residents aged 18 to 45 years.
- Margin money assistance of up to ₹5 lakh and interest subsidy are provided to lower barriers.
- The scheme targets the Vishwakarma (traditional artisan) community and broader youth population.
- CM Bhajanlal Sharma's government aims to promote self-employment through this scheme.
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Up to what maximum loan amount does Rajasthan's Vishwakarma Yuva Udyami Protsahan Yojana provide to beneficiaries?
The scheme launched by CM Bhajanlal Sharma provides subsidised loans up to ₹2 crore for manufacturing and service enterprises, along with margin money assistance of up to ₹5 lakh and interest subsidy.
Source: Udaipur Kiran / NewKerala / ETV Bharat / CMO Rajasthan
Frequently asked questions
What is the Vishwakarma Yuva Udyami Protsahan Yojana launched in Rajasthan?
It is a scheme launched by the Rajasthan government under CM Bhajanlal Sharma to promote self-employment and entrepreneurship among youth aged 18 to 45, providing subsidised loans of up to ₹2 crore for manufacturing and service-based enterprises.
What financial assistance is available under the Vishwakarma Yuva Udyami Protsahan Yojana?
Eligible beneficiaries can avail subsidised loans of up to ₹2 crore, margin money assistance of up to ₹5 lakh, and an interest subsidy, significantly reducing the financial barrier to starting or expanding a business.
Who is eligible to apply under the Vishwakarma Yuva Udyami Protsahan Yojana?
Permanent residents of Rajasthan aged between 18 and 45 years are eligible to apply. The scheme particularly targets the traditional Vishwakarma artisan community as well as the broader youth population.
Which community does the Vishwakarma Yuva Udyami Protsahan Yojana primarily target?
The scheme primarily targets the Vishwakarma community, which comprises traditional craftsmen and artisans such as carpenters, blacksmiths, goldsmiths, and potters, while also extending benefits to other eligible youth in Rajasthan.
What types of enterprises can be funded under the Vishwakarma Yuva Udyami Protsahan Yojana?
The scheme covers both manufacturing enterprises and service-based enterprises for the purpose of setting up new units or expanding existing ones, supporting a broad range of economic activities under Rajasthan's youth entrepreneurship agenda.
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