What you get
- The quantum of loan granted under this scheme, to proposed and functioning units, shall be up to ₹3,00,000/-. | - Govt. of Delhi would provide a subsidy @ 15% of the project cost subject to the ceiling of ₹7,500/- per entrepreneur. | Note 01: The concerned entrepreneur shall make at least a 10% contribution of the amount demanded as a loan from the DKVIB. | Note 02: In the case of weaker sections i.e. SC/ST/OBC/Ph. H./Women/Ex. Servicemen, only 5% contribution of an entrepreneur is required. | Note 03: In case of more than one entrepreneur joining together and setting up a project under the partnership, the subsidy would be calculated for each partner separately, @15% of his share in the project cost, limited to ₹7,500/- for each partner. | Note 04: The subsidy component would be adjusted to the borrower’s loan account after a period of two years from the date of disbursement of the loan. | Note 05: The subsidy component would be recovered from the borrower along with 18 % penal interest in cases where the loan amount has been found not utilized for the purpose for which it was released.
Who can apply
Required Paperwork
- Aadhaar Card
- PAN Card
- Income Certificate
- Residence Proof (Domicile)
Common Questions
What is the age criterion for an applicant under the scheme?
The age of the applicant should be between 18 to 50 years.
What is the objective of the scheme?
The objective of the Scheme is to provide employment opportunities to unemployed youths, artisans, trained professionals, skilled technocrats, and entrepreneurs by promotion/expansion of permissible industries, professions, and tertiary and service sectors in the UT of Delhi.
Which is the implementing department of the scheme?
Delhi Khadi & Village Industries Board
What is the benefit of the scheme?
The quantum of loan granted under this scheme shall be provided to the concerned entrepreneur up to [?]3,00,000/-.
How much contribution of the loan amount shall be made by the concerned entrepreneur?
The concerned entrepreneur shall make at least a 10% contribution of the amount demanded as a loan from the DKVIB. In the case of weaker sections i.e. SC/ST/OBC/Ph. H./Women/Ex. Servicemen, only 5% contribution of an entrepreneur is required.
Who is eligible to get the benefits of the scheme?
The unemployed youths, artisans, trained professionals, skilled technocrats, and entrepreneurs by promotion/expansion of permissible industries, professions, and tertiary and service sectors in the UT of Delhi will be eligible to apply under the scheme.
What are the eligible projects for which financial aid/loan may be granted under the scheme?
The financial aid as a loan under these rules may be granted to the eligible projects pertaining to any of the following groups/sectors: Secondary Sector (Tiny/Cottage Industries), Tertiary Sector (Trade, Transportation, Hostels, Restaurants without Liquor and Meat, etc.) and Services Sector: (Under the ambit of various Terms & Conditions, provisions of local bodies and Delhi Master Plan.
How much subsidy will be provided by the government to the beneficiary?
Govt. of Delhi will provide a subsidy @ 15% of the project cost subject to the ceiling of [?]7,500/- per entrepreneur.
Will any penalty be imposed on the borrower in cases the loan amount is not utilized for the purpose for which it was released?
Yes, the subsidy component will be recovered from the borrower along with 18 % penal interest in cases where the loan amount has been found not utilized for the purpose for which it was released.
What will be the tenure of the loan payment?
Every loan with interest thereon shall be repaid in full within 5 years in equal quarterly installments.
What is the rate of interest on the loan amount?
The loan granted under this scheme shall bear interest as prescribed by the Govt. of NCT of Delhi from time to time.
At what time the applicant has to use the loan amount?
The borrower shall utilize the loan for the specific purpose for which it is advanced within three months.
Will the applicant need to furnish the security of the loan?
Yes, the applicant shall furnish a surety/security of one Govt. Servant. The Government Servant may be either an employee of GNCTD or of its autonomous bodies or Central Govt. employees, working in Delhi.
Will the government also provide marketing support to the beneficiary under the scheme?
Yes, under this scheme the following arrangements are proposed for extending marketing support to the beneficiaries who avail financial assistance under this Scheme.
How can an applicant avail the benefits of the scheme?
The applicant shall apply to the DKVI Board on the prescribed Loan Application Form. The applicant can apply online on the e-district portal of GNCTD or through offline mode by submitting the application form along with desired documents directly in the office of the Board. The application form can also be downloaded from the official Website of the Board.