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Shri Vajpayee Bankable Yojana: Empowering Self-Employment

Komal Bajpai

Author

Updated: 21-11-2025 at 3:30 PM

The Government of Gujarat has launched the Shri Vajpayee Bankable Yojana (SBVY) to help unemployed people in rural and urban areas start their businesses. The Sarkari scheme also supports disabled and visually impaired individuals to ensure everyone can get the benefit. It offers loan subsidies and makes applying for loans easier, providing a great opportunity for new business owners.

In this article, you will get the detailed information about Shri Vajpayee Bankable Yojana, its objectives, eligibility, application process and much more.

Overview

The below table showcases the key insights of Shri Vajpayee Bankable Yojana, read the table below to understand it better:-

Feature	Details
Scheme Name	Shri Vajpayee Bankable Yojana (SBVY)
Purpose	To promote self-employment
Loan Limit	₹8 lakh (Industries, Services, Business)
Subsidy Percentage	Up to 40% (varies by area and category)
Age Criteria	18 to 65 years
Application Mode	Online/Offline

What is Shri Vajpayee Bankable Yojana?

Shri Vajpayee Bankable Yojana (SBVY) is a self-employment scheme started by the Gujarat Government. Its main aim is to help unemployed people, especially those from weaker sections of society, to earn a living by starting their own small business, service unit, or industry.

Under this government scheme, financial help is given in the form of loans and subsidies. The bank provides loans to the eligible person, and the government gives a subsidy on the loan amount. This makes it easier for people to start their own work without worrying about the full financial burden.

Objective Of The Shri Vajpayee Bankable Scheme

The state govt scheme is designed to empower individuals by fostering entrepreneurship and providing financial support. Below are the key objectives of the initiative:

To promote self-reliance by enabling individuals to start their businesses.
To support unemployed individuals, especially those from weaker sections, through financial assistance.
To uplift rural and urban economies by creating sustainable livelihood opportunities.

How Does The Shri Vajpayee Bankable Yojana Benefit The People?

The plan includes multiple financial benefits that promote industries, services and businesses and are inclusive and flexible. The details on loan ceilings, subsidy rates and special provisions are elaborated below:

Loan Limit:

Up to ₹8 lakh for industries, services, and businesses.

Rate of Subsidy on the Loan Amount

The subsidy percentage varies based on area and category.

Area	General Category	Reserved Categories (SC/ST/Women/Disabled)
Rural	25%	40%
Urban	20%	30%

Maximum Subsidy Amount:

Sector	General Category (₹)	Reserved Category (₹)
Industries	1,25,000	1,25,000
Services	1,00,000	1,00,000
Business (Urban)	60,000	80,000
Business (Rural)	75,000	80,000

Special Provision for Disabled Persons:

Maximum subsidy for blind or handicapped individuals: ₹1,25,000.

What Is The Eligibility Criteria For The Shri Vajpayee Bankable Yojana?

The table below showcases the key eligibility criteria of this scheme:-

Criteria	Details
Age	18 to 65 years
Qualification	Minimum 4th standard pass
Training/Experience	- Minimum 3 months of training from a private institute
	- OR 1 month of training from a government-recognised institute
	- OR 1 year of experience in the proposed business activity
	- OR being a hereditary craftsperson
Income Criteria	No restrictions based on family income

Businesses Excluded From Assistance Under SBVY

Certain businesses like liquor shops, gambling establishments, and tobacco-related ventures are excluded from assistance under this scheme.

How To Apply For The Shri Vajpayee Bankable Yojana?

Applying for the scheme is quite simple, whether done online or offline. Nonetheless, it is necessary to understand the detailed instructions to avoid confusion regarding the correct sequence of application processing. The processes for both methods are below and described in greater depth:

Online Application Process

Step 1: Visit the official portal: Click Here.

Step 2: Register using your mobile number with OTP authentication.

Step 3: Fill in your details, including Aadhaar number, address, and project details.

Step 4: Enter details about business experience and financial requirements.

Step 5: Upload the required documents and click “Save & Next.”

Step 6: Submit your application for review.

Offline Application Process

Step 1: Visit the nearest district-level office or designated centres for SBVY.

Step 2: Collect the application form and fill in the necessary details.

Step 3: Attach all required documents.

Step 4: Submit the form to the designated authority.

Step 5: Keep the acknowledgement receipt for future reference.

What Are The Documents Required For The Shri Vajpayee Bankable Yojana?

To avoid unnecessary delays in the application process, applicants must possess all the required documents. Here is a set of relevant documents that one has to offer:

Aadhaar Card.
Vocational Training Certificate.
Educational Qualification Certificate.
Caste Certificate (if applicable).
Address Proof (Ration Card, Voter ID, etc.).
Bank Account Passbook.
Passport-sized photograph.
Proof of business location.

Banks Affiliated With The Bankable Yojana

The govt scheme collaborates with scheduled commercial banks and regional rural banks, including HDFC Bank, State Bank of India, and Assam Gramin Vikash Bank.

Conclusion

It is indeed praiseworthy that the Gujarat government has initiated the Shri Vajpayee Bankable Yojana, which seeks to assist unemployed people with money and business-related activities. The government scheme also encourages self-employment and entrepreneurship, helping improve the economy for disadvantaged sections of society.

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