Shri Vajpayee Bankable Yojana
₹8 lakh bank loan + subsidy · cottage industry craftsmen · Gujarat
The Shri Vajpayee Bankable Yojana helps unemployed people in Gujarat start their own small business by providing bank loans up to ₹8 lakhs along with a government subsidy of 20–40% of the loan amount. It's open to anyone aged 18–65, including differently-abled individuals, with minimal qualification requirements — just 4th standard pass or 3 months of relevant training. Apply online at blp.gujarat.gov.in or submit an offline form at your nearest District Industries Center.
About This Scheme
The Shri Vajpayee Bankable Yojana helps unemployed people in Gujarat start their own small business by providing bank loans up to ₹8 lakhs along with a government subsidy of 20–40% of the loan amount. It's open to anyone aged 18–65, including differently-abled individuals, with minimal qualification requirements — just 4th standard pass or 3 months of relevant training. Apply online at blp.gujarat.gov.in or submit an offline form at your nearest District Industries Center.
Full official description
Details This scheme aims to supply self-employment to unemployed persons in urban and rural areas. Disabled and blind persons are also eligible to take benefits under this scheme
Benefits
- Bank loan up to ₹8,00,000 for industries, service, or business sectors
- Urban (General category): 20% subsidy — up to ₹60,000 for business, ₹1,25,000 for industry
- Rural (General category): 25% subsidy — up to ₹75,000 for business, ₹1,25,000 for industry
- SC/ST/Women/Ex-servicemen/Disabled (40%+ disability): 30–40% subsidy — up to ₹80,000–₹1,25,000
- Blind or handicapped persons: maximum subsidy of ₹1,25,000
💡 Why Startups Should Care
This scheme's category-based subsidy structure (with higher rates for SC/ST) makes bank financing genuinely more affordable for cottage industry craftsmen, especially those transitioning from informal to formal, bank-backed business operations.
Who Can Apply (Eligibility)
- Must be a resident of Gujarat, aged 18 to 65 years
- Minimum educational qualification: 4th standard pass
- OR: completed at least 3 months of training from a recognized institute in the proposed business activity
- OR: at least 1 year of experience in the same business activity
- OR: a hereditary craftsperson in the relevant trade
- No income criteria — open to applicants of all income levels
- Disabled individuals with 40% or more disability are also eligible
How to Apply
- Visit blp.gujarat.gov.in and register with your personal details.
- Complete the registration process on the portal.
- Upload Aadhaar, vocational training certificate, educational qualification, and caste certificate.
- Submit your business proposal for bank loan processing.
- On approval, subsidy is applied based on your category and sector.
Frequently Asked Questions
What is Shri Vajpayee Bankable Yojana?
The scheme aims to provide self-employment to unemployed persons in urban and rural areas of Gujarat. A disabled or blind person can also benefit from this scheme.
How much educational qualification is required in Shri Vajpayee Bankable Yojana?
At least Class-IV (four) pass or Training/Experience: Must have at least 3 months of training from a private institution appropriate to the profession or at least one month of training from a government recognized institution OR one year of relevant experience in the trade OR should be a heritage craftsman.
What Is The Age Limit For Loan In Shree Vajpayee Bankable Yojana?
Applicant's age limit should be between 18 years to 65 years.
What Is The Maximum Limit Of Loan Facility Through Bank?
B.L.P. Through the portal, the applicant can avail loans up to 8 lakhs for industry/services/trade sector.
Which businesses are not supported under Re Vajpayee Bankable Yojana?
Meat (Processing/canning and/or selling or serving) and intoxicants (manufacturing/storage/sale) Crops / Arable Farming / Fisheries / Pig Rearing Centre Any project that creates environmental problems or is prohibited by law.
How to apply online in BLP portal?
How to register in the portal?
- Open https://blp.gujarat.gov.in/
- Go to bankable loan registration and click on the registration button.
- Registration by entering the required details as requested.
How to Login to Portal ?
- Open https://blp.gujarat.gov.in/ link
- Go to bankable registration and click on login button
- Login with mobile number, password and captcha code.
What to do to get a new password if the password is forgotten?
- Open https://blp.gujarat.gov.in/ link.
- Go to bankable registration and click on login button.
- Clicking on Reset Password.
- Enter the registered mobile number and captcha and click on reset button.
- The password will be received via SMS on the registered mobile number.
What are financial agencies?
All are nationalized banks, regional rural banks, cooperative banks, public sector banks and private banks.
Can an entrepreneur submit more than one project?
No
Can the project be jointly financed from two different sources (banks/financial institutions)?
No
Ready to apply?
Visit the official government portal to apply for this scheme.
Apply on myScheme.gov.inDocuments Required
- Aadhaar card copy
- Vocational training certificate
- Educational qualification certificate
- Caste certificate
- Address proof
- Passport-size photo