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Vajpayee Bankable Scheme 2020 To Get Loan


The Gujarat Government has launched a new scheme for the workers of cottage industry. This scheme provides financial assistance to the craftsman of cottage industry. The Gujarat has started this scheme in the memory of our respected former Prime minister Late Shri Atal Bihai Vajpayee. This scheme is known as “ Shri Vajpayee Bankable Scheme 2020” We are heard every day, the Government of Gujarat is taking many steps to give employment to unemployed people.

A scheme for providing financial assistance to the craftsmen of Cottage Industries through Nationalised Banks, Co-operative banks, Public sector Banks or Private Banks.

Vajpayee Bankable Loan Yojana – વાજપેઈ બેંકેબલ યોજના

  • Purpose: This scheme aims to supply self-employment to the unemployed persons in urban and rural areas. Disabled and blind persons are also eligible to take benefits under this scheme.


(2) Eligibility Criteria of the Scheme:


  • Age: 18 to 65 Years.
  • Qualification: The applicant should have passed minimum standard fourth OR, Training/ Experience: Should have undergone training for minimum three months from private establishment or minimum one month from Government recognized Institutes, in the area of the proposed business or should have experience of minimum 1 year in the same activity or should be hereditary craftsperson.
  • No Income criteria.

(3) Maximum Limit for Bank Loan:

  • ₹.8.00 lakh for Industries sector.
  • ₹.8.00 lakh for Service sector.
  • ₹.8.00 lakh for Business sector.

(4) Rate of subsidy on loan amount: Subsidy will be available as mentioned below for Industries, Service & Business sector.

Area General Category Scheduled Castes/ Scheduled Tribes / Ex-serviceman/Women/ blind or handicapped having 40% or more disability
Rural 25% 40%
Urban 20% 30%


(5) Maximum Limit of Subsidy:


Sr. No. Sector Limit of Subsidy Amount
1 Industries ₹.1,25,000/-
2 Service ₹.1,00,000/-
3 Business General Category Urban ₹.60,000/-
Rural ₹.75,000/-
Reserve Category Urban/ Rural ₹.80,000/-
Note: The maximum limit of subsidy per beneficiary in any sector will be ₹.1,25,000/- for blind or handicapped person.

Contact :

Concerned District Industries Centers

Maximum loan provided by the banks under Vajpayee Bankable

  1. For the industrial sector the loan amount is INR 8 Lakhs.
  2. For the Service sector the loan amount is INR. 8 Lakhs
  3. For the trade sector the loan amount is about INR. 8 Million.

Subsidy provided under this scheme

The subsidy under this scheme may vary according to areas and categories of people.

For Rural Areas:

General category: – The subsidy provided is 25% of the loan amount.

Scheduled Castes/ Scheduled Tribes / Ex-serviceman/Women/ blind or handicapped having 40% or more disability: – The subsidy provided for these categories is 40%.

For Urban Areas:

General Category: – The subsidy amount is 20% in urban areas.

Scheduled Castes/ Scheduled Tribes / Ex-serviceman/Women/ blind or handicapped having 40% or more disability: – The subsidy amount for these categories is 30%.

Maximum Limit of Subsidy:-

Industrial Sector: – INR.1, 25,000/-

Service Sector: – INR 1, 00,000/-

bajpai bankable yojana details

General Category:-

  • Urban :- INR.60,000/-
  • Rural: – INR. 75,000/-

Reserve Category:-

  • Urban / Rural :- INR.80,000/-

Eligibility Criteria under Subsidy for Vajpayee Bankable Yojana

1. The applicants should belong to a Minority community.

2. The age of applicant should between 18-65 years

3. The annual Income of the Parent/ applicant should not exceed Rs.2, 00,000/- in Urban areas and Rs. 1, 50,000/- in Rural areas.

4. The beneficiary of this scheme should possess Aadhaar Card / Ration Card.

5. Educational Qualification: At least standard-4 (four) passes

Training / Experience: The applicant should have took training from any private organization for at least 3 months which is relevant to the profession or a government approved institution or a family business.


Available on this website also from concerned District Industries Centres and as under.

  • Project Profiles

Application form for Shri Vajpayee Bankable Yojana :

Details Links
Download Application Form :  Click Here 
Download Sabsidi Form :  Click Here 


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