Jyoti Gramodyog Vikas Yojana (Margin Money Yojana) aims to increase the level of entrepreneurship and income among rural residents, as well as to expand the number of new employment opportunities for rural youth who are unemployed at the village level for individual artisans, entrepreneurs, and self-help groups.
Jyoti Gramodyog Vikas Yojana 2023
Under Sarkarshree’s Jyoti Gramodyog Vikas Yojana, 24-hour 3-phase power supply is provided to the villages of the state. As a result, it has provided new opportunities to the rural people to earn a living by setting up small cottages, huts and rural cottages in their own villages.
Jyoti Gramdyog Vikas Yojana, also known as the “Margin Money Yojana,” aims to increase the level of income and entrepreneurship among the rural population, as well as to expand the number of new employment opportunities for rural youth who are unemployed for individual artisans, entrepreneurs, or self-help groups in towns or villages with fewer than 2000 people. Rs. Rs. 1 lakh and above The District Ughog Kendra accepts loan applications for new projects up to a maximum of 25 lakhs upon the recommendation of the bank.
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How much loan will get
The bank will approve new manufacturing projects worth more than one lakh yen and up to 25 lakh yen.
Plant costs, machinery material costs, and labor capital costs—up to a maximum of 10% of both—are included in the project cost for this scheme.
The cost of the land and building will not be included in the project’s cost. At least Rs. 5 lakh should be invested in the project activity’s plan and machinery.
Eligibility to avail the scheme
- Beneficiary should be 10th pass.
- Beneficiary should have one year experience in regular occupation.
Scheme Age Limit
- Minimum age of beneficiary: 25 years
- Maximum age of beneficiary: 50 years
Loan Limits
The bank will give a loan to new manufacturing projects that cost more than Rs. 1 lakh and up to Rs. 25 lakh.
Plant, machinery material, and working capital up to a maximum of 10% of both costs are included in the project cost for this scheme. The cost of the land and building will not be included in the project’s cost.
Plan the project’s activities and machinery investments of at least Rs. ought to be five lakh.
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