If you are a resident of Rajasthan aged between 18 and 45 and dreaming of starting your own shop, manufacturing unit, or service center, this scheme offers the financial backbone you need with 100% interest-free loans.

Key Highlights: Why MYSY is a Game Changer

1. Zero Interest Burden: The biggest attraction of this scheme is the 100% Interest Subsidy. The Rajasthan Government will pay the entire interest on the bank loan on behalf of the youth.
2. No Collateral Needed: Under the CGTMSE guarantee, the government bears the guarantee fee, making it easier for youngsters to secure loans without providing personal security or collateral.
3. Margin Money Assistance: To reduce the initial financial burden on the applicant, the state provides margin money assistance of up to 10% of the project cost (maximum ₹50,000).

Loan Amount Breakdown

The loan limit is categorized based on the applicant’s educational background:

• For Graduates/ITI/Higher Education: Up to ₹10 Lakh for Manufacturing and ₹5 Lakh for Service & Trade sectors.
• For 8th to 12th Pass: Up to ₹7.5 Lakh for Manufacturing and ₹3.5 Lakh for Service & Trade sectors.

Who Can Apply? (Eligibility Criteria)

• Must be a permanent resident of Rajasthan.
• Age must be between 18 and 45 years.
• Minimum educational qualification is 8th Pass.
• The applicant should not be a defaulter with any bank or financial institution.

Step-by-Step Application Process

Applying for the scheme is simple and can be done online through the SSO Portal:

1. Visit sso.rajasthan.gov.in and log in with your SSO ID.
2. Search for and click on the MYSY (Mukhyamantri Yuva Swarozgar Yojana) application icon.
3. Fill in your personal details, educational qualifications, and business type.
4. Upload your Detailed Project Report (DPR) and necessary documents.
5. Submit the form for verification by the District Industries Centre and the bank.

Required Documents Checklist:

• Aadhar Card and Domicile Certificate (Mool Niwas).
• Educational Certificates (8th/10th/Degree).
• Detailed Project Report (Business Plan).
• Bank Account Details and Passport Size Photograph.

Mission Ki Awaaz Tip: A well-prepared Project Report (DPR) is the key to getting your loan approved quickly. You can seek help from local e-Mitra centers or use portals like KVIC to prepare a realistic business plan.

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