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Do you want to start your own business? But are you unable to realize your dream due to a lack of funds? The Rajasthan government has launched a fantastic scheme for young people. This scheme aims to help young people start their own businesses instead of looking for jobs. Under this scheme, the government is providing interest-free loans of up to Rs. 10 lakh. Chief Minister Bhajan Lal Sharma recently announced the 'Chief Minister Yuva Swarozgar Yojana' (Chief Minister Youth Self-Employment Scheme). Applications for this scheme have now started.

What is the Chief Minister Yuva Swarozgar Yojana? How can you apply for this scheme? What are the eligibility criteria for the Chief Minister Yuva Swarozgar Yojana? Let's learn about this in detail and understand the step-by-step application process.

What is the Chief Minister Yuva Swarozgar Yojana?
The Chief Minister Yuva Swarozgar Yojana was launched on January 11, 2026, to provide new self-employment opportunities to the youth of Rajasthan by providing interest-free loans, margin money, and CGTMSE fees from the government. Under this scheme, the youth of the state can take a loan of up to Rs. 10 lakh for their business and will not have to pay any interest. This scheme will continue until March 31, 2029. The Department of Industries and Commerce will be responsible for its implementation.

Through the Chief Minister Yuva Swarozgar Yojana, loans are being provided for starting a new business or expanding an existing business in various sectors, including manufacturing and services. Margin money will also be provided under this scheme. Institutional applicants (HUF/Society/LLP Firm/Company/Self-Help Group) are also eligible under the CM Yuva Swarozgar Yojana. No guarantee will be required from the bank for this scheme. It will be linked to CGTMSE (Credit Guarantee Trust Fund for Micro and Small Enterprises), and the state government will pay the guarantee fee.

Chief Minister Youth Self-Employment Scheme Eligibility
The applicant's age should be between 18 and 45 years.
In the case of institutional applicants or companies, registration is mandatory as per the rules.
51% of the institution's ownership must be held by individuals aged 18 to 45 years.
Applicants who are bank defaulters will not receive a loan under this scheme.
Interest subsidy will be provided only on the first loan sanctioned.

Which banks provide loans under the Chief Minister Youth Self-Employment Scheme?
Nationalized Commercial Banks
RBI-approved Private Banks and Small Finance Banks
Regional Rural Banks
Rajasthan Financial Corporation
SIDBI
Urban Co-operative Banks and Central Co-operative Banks

How much loan is available under the Chief Minister Youth Self-Employment Scheme?
Educational Qualification    , Manufacturing    Service, and Trade    Margin Money
8th to 12th Pass    Up to Rs. 7.5 Lakhs    Up to Rs. 3.5 Lakhs    10% of the loan amount, maximum Rs. 35,000
Graduate/ITI or Higher    Up to Rs. 10 Lakhs    Up to Rs. 5 Lakhs    10% of the loan amount, maximum Rs. 50,000

How to apply for the Chief Minister Youth Self-Employment Scheme?
STEP-1
Before applying for the Chief Minister Youth Self-Employment Scheme, you need to create an SSO ID.
To create an SSO ID, go to the portal sso.rajasthan.gov.in and click on Registration.
Here, you have to select the Citizen/Udhyog option.
After this, you can register using your Jan Aadhaar number.
You can also create an SSO ID using your Gmail ID.
STEP-2
Now log in to the portal or mobile app using your SSO ID.
On the SSO ID Citizen app or portal, you will find the Chief Minister Youth Self-Employment (MYSY) option.
Clicking on it will open the application form; read it carefully and fill it out.
In this form, you will have to fill in information about yourself, your address, the type of industry, and the address where the industry will be established.

When will the money for the Chief Minister Youth Self-Employment Scheme be disbursed?
After the online application, a 3-member committee headed by the General Manager will review the application.
This committee will meet at least once a week.
The committee members will review the application and... The documents will be verified and then presented to the committee.
Selection will then be made based on factors such as eligibility, interest, likelihood of success, and market potential.
If there are any deficiencies in the application, they must be rectified and resubmitted within 15 days.
A decision on the application will be made and the loan sanctioned within 30 days of submission.

Who is not eligible for a loan under the Chief Minister Youth Self-Employment Scheme?
If you own a commercial vehicle with an on-road price of more than ₹15 lakh, you will not be eligible for the loan.
Products, services, or activities that have been banned by the state or central government.
Mining and real estate-related activities.
Non-profit organizations such as NGOs and trusts.

Documents required for the Chief Minister Youth Self-Employment Scheme:
Rajasthan domicile certificate
Aadhaar card
Passport-size photograph
Educational and technical qualification certificates
Company ownership documents (for institutional applications)
Project report

How will the margin money for the Chief Minister Youth Self-Employment Scheme be disbursed?
The margin money will be deposited as a short-term deposit.
Neither the government nor the bank will earn interest on this amount.
This money will be credited to the applicant's account after successfully running the business for two years and paying EMIs on time.
If the applicant closes the business within two years, this money will be returned to the state government's account.

What is the repayment period for the Chief Minister Youth Self-Employment Scheme loan?
The applicant will have a maximum of 5 years to repay the loan.
Interest subsidy will be available for a maximum of 5 years; interest will be charged on the remaining amount thereafter.
The moratorium period offered by the bank will be a maximum of 6 months.

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