If you’re a young entrepreneur in Rajasthan, the state government has a new opportunity for you. The Chief Minister’s Youth Self-Employment Scheme (MYSY) has officially opened for applications.
Launched by Chief Minister Bhajanlal Sharma on January 12th, the scheme aims to empower youth to start their own businesses and become self-reliant.
The detailed guidelines were released on January 15th, and now applicants can apply online using their SSO ID or e-Mitra.
According to Shikhar Agarwal, Additional Chief Secretary of the Industries and Commerce Department, the process started just 10 days after the launch.
Loans and Financial Support for Young Entrepreneurs
Under this scheme, 100,000 youth will receive interest-free loans of up to ₹10 lakh to start micro-enterprises in manufacturing, trade, and service sectors.
The state government will cover all interest costs.
In addition, the scheme provides margin money reimbursements of up to ₹50,000 and covers CGTMSE fees (Credit Guarantee Fund Trust for Micro and Small Enterprises).
Benefits Based on Education
Applicants with 8th to 12th-grade education:
Service & trade sectors: Loans up to ₹3.5 lakh
Manufacturing sector: Loans up to ₹7.5 lakh
Margin money: Up to ₹35,000
Applicants with graduate, ITI, or higher qualifications:
Service & trade sectors: Loans up to ₹5 lakh
Manufacturing sector: Loans up to ₹10 lakh
Margin money: Up to ₹50,000
This ensures that youth of all educational backgrounds can access financial support to kickstart their businesses.
How to Apply
Applying is simple and fully online:
Open the ‘Mukhyamantri Yuva Swarojgar (MYSY)’ icon in the Citizen App of SSO ID.
Fill in your personal details, district, type of industry, proposed work site, and project details.
Upload required documents.
Provide details of the bank branch where you want the loan.
Applications are reviewed weekly at the District Industries and Commerce Centre and then forwarded to banks for approval.
Documents Required
Aadhaar card
Basic address proof
Applicant photograph
Educational or technical certificates
Proof of 51% ownership if applying through an institution
Eligibility Criteria
Must be a native of Rajasthan
Age between 18 to 45 years
For HUF, Society, Partnership Firm, LLP, or Company applications: At least 51% ownership must be held by individuals aged 18–45 years, and the entity must be registered as per rules
This scheme is a great opportunity for young entrepreneurs to start their own business without worrying about interest payments and build a financially secure future.
