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This State Government is Offering Loans Up to Rs 25 Lakh to Start a Business, Here's How to Apply

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Indiaemploymentnews
Fri Jan 02 21:48:45 IST 2026
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Jharkhand Government Offers Loans Up to ₹25 Lakh to Start a Business: Here’s How to Apply

In today’s changing economic landscape, waiting endlessly for a job is no longer the only option for unemployed youth. Starting one’s own business has emerged as a practical and rewarding alternative. To encourage entrepreneurship and self-employment, the Jharkhand government has launched the Mukhyamantri Rojgar Srijan Yojana

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, a flagship scheme that provides low-interest loans along with attractive subsidies. Under this scheme, eligible beneficiaries can get financial assistance ranging from ₹50,000 to ₹25 lakh to set up their own enterprise.

This initiative not only helps individuals become self-reliant but also promotes job creation at the local level. If you are planning to start a small business or a startup, this government scheme can be a major opportunity.

What Is Mukhyamantri Rojgar Srijan Yojana?

The Mukhyamantri Rojgar Srijan Yojana

is an important welfare scheme introduced by the Jharkhand government’s Department of Scheduled Tribe, Scheduled Caste, Minority and Backward Class Welfare. The primary objective of this scheme is to encourage self-employment and entrepreneurship among Scheduled Tribes (ST), Scheduled Castes (SC), minorities, backward classes, and persons with disabilities
.

Through this scheme, the state government offers subsidized loans at a low interest rate, making it easier for eligible individuals to start their own business. The financial assistance ranges from ₹50,000 to ₹25 lakh, depending on the nature and scale of the business.

Key Features of the Scheme

One of the biggest attractions of this scheme is the combination of subsidy, low interest, and training support

.

  • Subsidy on Loans: For loans up to ₹5 lakh, beneficiaries are eligible for a 40% subsidy. EMI calculations are done only on the remaining amount after the subsidy is deducted.

  • Loan Without Guarantee: Loans up to ₹50,000 do not require any guarantee. For amounts above ₹50,000, a guarantor or movable/immovable property may be required.

  • Low Interest Rate: All loans under the scheme are provided at a fixed interest rate of 6%, which is significantly lower than most market rates.

  • Free Training: Beneficiaries receive free training before starting their business, helping them understand basic business management and operations.

    • Applicants should note that for loans above ₹50,001, a margin money of 10% of the loan amount must be deposited by the applicant.

    Who Can Apply?

    The eligibility criteria for Mukhyamantri Rojgar Srijan Yojana are simple and clearly defined:

    • Applicant must be 18 to 50 years old

    • Must be a permanent resident of Jharkhand

    • Annual family income should not exceed ₹5 lakh

    in both rural and urban areas

  • Applicant should not be employed in any government or semi-government job

  • Should not be a bank loan defaulter

  • Environmentally harmful businesses such as liquor, drugs, or polythene-related activities are not allowed

  • Persons with disabilities must have at least 40% disability

    • Anyone meeting these conditions can apply for the scheme.

    Documents Required

    Applicants must keep the following documents ready while applying:

    • Passport-size photograph

    • Residence certificate (online issued)

    • Caste certificate (online issued, if applicable)

    • Income certificate (online issued)

    • Aadhaar card and PAN card

    • Copy of bank passbook (first page)

    For loans above ₹50,000, a project report

    is mandatory. If the loan amount is ₹10 lakh or more, a due diligence report related to the proposed business is also required. Additional documents may include an affidavit on stamp paper, guarantor details and income proof, and disability certificate (if applicable).

    How to Apply for the Scheme?

    The application process is completely online.

    Registration Process

    • Visit the official website of Mukhyamantri Rojgar Srijan Yojana Jharkhand

    • Click on the Registration option

    • Enter Aadhaar number, date of birth, mobile number, and email ID

    • Complete the registration process

    Login and Application

    • Log in using your mobile number and password (last 8 digits of Aadhaar)

    • Fill in basic details in the application form

    • Upload profile photo, signature, and required documents

    • Submit the application and note down the application ID

    • Take a printout for future reference

    Final Words

    The Mukhyamantri Rojgar Srijan Yojana is a powerful initiative by the Jharkhand government to empower unemployed youth and promote entrepreneurship. With loans up to ₹25 lakh, low interest rates, substantial subsidies, and free training, the scheme removes major financial barriers to starting a business.

    For those who dream of becoming self-employed and contributing to job creation, this scheme offers a structured and supportive path toward economic independence.

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