Top 6 Things To Know About Rajiv Yuva Vikasam Scheme

Outlook Money

Beneficiaries and Objective

The scheme provides financial assistance to youth from the SC, ST, backward castes, and minority communities for starting self-employment ventures. 

Loans for Self employment ventures

Financial Assistance

It offers loans up to Rs 3 lakh to promote entrepreneurship and economic growth. 

Entrepreneurship financial aid

Subsidised Loans

The maximum subsidies range from 60-80 per cent depending on the loan category.

Subsidised Loan for self-employment

Loan Category 1

loans of up to Rs 1 lakh with an 80 per cent subsidy are provided to the eligible candidates. The recipient will cover the remaining 20 either themselves or arrange it through a bank loan. 

Maximum Interest rate subsidy

Category 2 

loans range from Rs 1 lakh to Rs 2 lakh, with a 70 per cent subsidy offered to the eligible candidates. 

Interest Rates for loans between 1-2 lakhs

Loan Category 3 

loans up to Rs 3 lakh are provided with a 60 per cent subsidy. 

Lowest Interest rate subsidy

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