The Rajasthan government has launched a new scheme for unorganized sector workers and small businessmen called Mukhyamantri Swanidhi Yojana. The objective of this scheme is to provide small loans to street vendors and unorganized sector workers without any guarantee. Through this scheme, the government wants to help those who need money to start their business or expand their business. In this article, we will know what is Mukhyamantri Swanidhi Yojana, how to apply online under it, what are the documents required for it and how this scheme can be beneficial for you.
What is the Mukhyamantri Svanidhi Yojana?
Mukhyamantri Swanidhi Yojana is a financial assistance scheme launched by the Rajasthan government, aimed at making the street vendors, gig workers, home workers and small businessmen of the state financially strong. Under this scheme, eligible people are given a loan of up to Rs 50,000 in three phases without any guarantee.
Mukhyamantri Svanidhi Yojana – Key Detail
| Scheme Name | Mukhyamantri Svanidhi Yojana (Chief Minister Svanidhi Scheme) |
| State | Rajasthan (notable implementation by Bhajanlal government) |
| Objective | To provide collateral-free working capital loans to street vendors and small urban traders |
| Loan Amount | Up to ₹50,000 in three phases: – 1st phase: ₹10,000 – 2nd phase: ₹20,000 – 3rd phase: ₹50,000 |
| Repayment Period | – ₹10,000 loan: 12 months – ₹20,000 loan: 18 months – ₹50,000 loan: 36 months |
| Collateral Requirement | No collateral required |
| Interest Subsidy | 7% interest subsidy for timely repayment (as per PM SVANidhi guidelines) |
| Digital Incentives | Cashback incentives (₹50–₹100/month) for digital transactions |
| Eligibility | Urban street vendors and small traders; must provide Jan Aadhaar, Aadhaar card, ID proof, residence proof, and business license |
| Application Process | Online via SSO portal using Jan Aadhaar; documents submitted and verified by urban local bodies |
| Loan Disbursement | After verification, eligible applications are forwarded to banks for loan approval and disbursal |
| Processing/Guarantee Fee | No processing or guarantee fee |
| Promotion of Digitalization | Scheme promotes digital payments among street vendors |
What is the main objective of the Mukhyamantri Svanidhi Yojana
The main objective of the Mukhyamantri Swanidhi Yojana is to economically empower unorganized sector workers like street vendors, gig workers, domestic helpers, transport workers, hawkers, rag pickers, artisans, building construction workers and waste workers working in urban areas of Rajasthan state. Under this, loans ranging from Rs 10,000 to Rs 80,000 are provided to eligible people at low interest rates without any guarantee to start self-employment or expand small business.
Loan amount under Mukhyamantri Swanidhi Yojana
Let us tell you about the loan amount available under this scheme which is available in three phases.
- First Phase: Rs 10,000 (pay off in 12 months)
- Second Phase: Rs 20,000 (pay off in 18 months)
- Third phase: Rs 50,000 (pay off in 36 months)
Eligibility Criteria for Mukhyamantri Svanidhi Yojana
Some important eligibility criteria have been fixed to apply under this scheme. First of all, the age of the applicant should be between 18 to 60 years. Along with this, it is mandatory for the applicant to be a permanent resident of the state of Rajasthan. While applying, a recommendation letter or permit issued by the local body, labor department, MSME department or any other concerned authority must be submitted. Eligible citizens who are street vendors, gig workers, home workers or running small businesses can avail the benefits of this scheme.
Documents Required for Mukhyamantri Svanidhi Yojana
| Document Type | Details / Examples |
|---|---|
| Identity Proof | Aadhaar Card (linked with mobile and bank account), Voter ID, PAN Card, or Driving License |
| Proof of Vending Activity | Certificate of Vending (issued by Urban Local Body), Vendor Identity Card, or Recommendation Letter from ULB/Town Vending Committee (if not surveyed) |
| Bank Account Details | Passbook or bank account statement (for loan disbursement) |
| Photograph | Recent passport-size photograph |
| Address Proof | Aadhaar Card, Voter ID, or other valid residence proof |
| Income Proof | (If required by the state) Income certificate or relevant document |
How to apply for Mukhyamantri Swanidhi Yojana?
The application process of Mukhyamantri Swanidhi Yojana Rajasthan is explained below in a listed manner.
- First of all go to the SSO portal of Rajasthan Government (sso.rajasthan.gov.in).
- Now login with SSO ID. If you do not have SSO ID then register first.
- Search “Mukhyamantri Swanidhi Yojana” on the dashboard and click on it.
- Now click on “New Application” or “Apply Loan Online”.
- Enter the Jan Aadhaar number of the applicant and verify.
- Select the person in whose name the loan is to be applied from the list of members linked in Jan Aadhaar.
- Send OTP to the mobile number of the selected member and verify it.
- Fill personal information, education, income, business details, address and cost of proposed business in the form.
- Scan and upload the required documents (Jan Aadhaar, Aadhaar card, identity card, residence certificate, business certificate, bank passbook, photo).
- After verifying all the information and documents, submit the form online.
If you want to apply for this scheme or want to get more information, then you can visit the official website of the Local Self Government Department of Rajasthan Government.
Conclusion
So friends, today in this article we have given you detailed information about Mukhyamantri Swanidhi Yojana. If you want to take advantage of this scheme, then follow the instructions given above and submit your application through online process. This is a golden opportunity to start your business. After reading this article, if you have any questions or you want more information on this topic then let us know. Also, share this article with your friends and family so that they can also take advantage of this scheme
FAQs
How much loan will be available under the Chief Minister Swanidhi Scheme?
Under the Mukhyamantri Swanidhi Yojana, eligible beneficiaries get a loan of up to ₹80,000 in three phases.
Who is eligible for this scheme?
For this scheme, people between the age of 18 to 60 years living in the urban areas of Rajasthan, who are gig workers, hawkers, domestic helpers, waste workers, rag pickers, transport workers etc. and who have not got the benefit of Pradhan Mantri Swanidhi Yojana earlier, are eligible.
How to apply for Chief Minister Swanidhi Scheme?
The application process is completely online. For this, you will have to fill the form on the sso.rajasthan.gov.in portal and upload the required documents.
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