Rajasthan Govt Scheme · 2026
Mukhyamantri Yuva Swarojgar Yojana: Interest-Free Loans for Rajasthan’s Youth
A complete, updated breakdown of eligibility, loan limits, documents and the online application process for MYSY — launched 12 January 2026.
⚠️ Before you read further
The “1 lakh” figure attached to this scheme refers to the government’s target of helping 1 lakh young entrepreneurs set up micro-enterprises every year — it is not the loan amount. Actual loan limits go up to ₹10 lakh depending on your qualification and sector, detailed below. Scheme rules can be revised by government notification, so always cross-check the latest guideline on the Rajasthan SSO Portal before applying.
📋 What Is the Scheme? ▾
The Mukhyamantri Yuva Swarojgar Yojana (MYSY) was launched by Chief Minister Bhajanlal Sharma on 12 January 2026 (National Youth Day), with the formal notification and guidelines issued a day earlier on 11 January 2026. It replaces the need for youth to arrange interest on business loans — the Rajasthan government itself pays the interest to the lending bank on the borrower’s behalf.
The scheme is implemented through District Industries and Commerce Centres under the Industries and Commerce Department, with the Commissionerate of Industries and Commerce acting as the state-level nodal agency. It will remain in effect from the notification date (11 January 2026) until 31 March 2029.
| Detail | Value |
|---|
| Launch date | 12 January 2026 |
| Valid till | 31 March 2029 |
| Implementing dept. | Industries & Commerce Department, Rajasthan |
| Nodal agency | Commissionerate of Industries & Commerce |
| Target beneficiaries | ~1 lakh youth per year |
| Max loan (manufacturing, higher qualification) | Up to ₹10 lakh |
✅ Eligibility Criteria ▾
- Applicant must be a permanent (domicile) resident of Rajasthan.
- Age must be between 18 and 45 years on the date of application.
- Minimum qualification: passed Class 8th (or higher — see loan slabs below).
- Applicant must not be a defaulter or declared a wilful defaulter with any bank or financial institution.
- Beneficiaries of this scheme remain separately eligible for other applicable state government schemes at later stages of their enterprise.
💰 Loan Amount & Margin Money ▾
Class 8th to Class 12th Pass
| Sector | Max Loan |
|---|
| Service & Trading | ₹3.5 lakh |
| Manufacturing | ₹7.5 lakh |
| Margin money support | 10% of loan, max ₹35,000 |
Graduate / ITI / Higher Qualification
| Sector | Max Loan |
|---|
| Service & Trading | ₹5 lakh |
| Manufacturing | ₹10 lakh |
| Margin money support | 10% of loan, max ₹50,000 |
⚡ How the “interest-free” part works
The loan itself is sanctioned by a participating bank or financial institution at its normal rate — the Rajasthan government reimburses that interest and also covers the CGTMSE (Credit Guarantee Fund for Micro and Small Enterprises) guarantee fee, effectively making the loan interest-free for the borrower.
🏭 Manufacturing, Trading & Service Activities Covered ▾
Broad sectors eligible under MYSY include MSME/manufacturing, services, tourism, renewable energy, agriculture and allied activities (including animal husbandry), and technology-driven businesses. Within trading, illustrative permitted categories include:
- Electrical equipment and appliance trading
- Motor parts and automobile accessories
- Bicycle, e-rickshaw and related vehicle trading
- Gold, jewellery and ornament trading
- Handicrafts and handicraft products
- Utensils and household goods
- Fertilisers, seeds, pesticides and agri-equipment
- Books, sports goods and stationery
- Ready-to-eat food and beverage units
This is an illustrative, not exhaustive, list — the District Industries and Commerce Centre confirms whether a specific proposed business qualifies at the time of application.
📁 Documents You’ll Typically Need ▾
- Aadhaar card & Jan Aadhaar (for SSO registration)
- Domicile / residence proof for Rajasthan
- Educational qualification certificates (Class 8th onward, as applicable)
- Passport-size photograph
- Bank account details / passbook for loan disbursement
- Project report or business plan for the proposed enterprise
- Proposed workplace / business address proof
- Caste certificate, if claiming a category-based benefit
⚠️ Confirm the exact list
The document checklist is finalised inside the online application form itself. Keep scanned copies of all of the above ready before you start, but treat the in-form list on the SSO portal as final.
🖥️ How to Apply — Step by Step ▾
Apply Online via Rajasthan SSO Portal
| Step | Action |
|---|
| 1 | Register/login on the Rajasthan SSO Portal using Jan Aadhaar or email ID |
| 2 | Search “Mukhyamantri Yuva Swarojgar Yojana (MYSY)” on the dashboard |
| 3 | Click New Application and fill General Information |
| 4 | Enter Personal Details |
| 5 | Fill Present & Permanent Address |
| 6 | Enter Proposed Workplace / Business Location details |
| 7 | Fill Project & Business Details (type, financial requirement) |
| 8 | Select preferred bank / financial institution |
| 9 | Upload all supporting documents |
| 10 | Review the full form carefully, then submit |
🔄 What Happens After You Apply ▾
- The District Industries and Commerce Centre first examines the application for completeness and eligibility.
- Eligible applications are forwarded to the Selection Committee.
- Approved cases are sent to the selected bank or financial institution for loan sanction and disbursement.
- An applicant who is a defaulter with any bank/financial institution is disqualified at this stage.
🎯 Bottom line
If you’re an 18–45 year old Rajasthan resident who has passed at least Class 8th, MYSY gives you a genuine interest-free route into manufacturing, trading or a service business — up to ₹7.5 lakh on your qualification alone, and up to ₹10 lakh with a graduate/ITI qualification. Apply through the Rajasthan SSO Portal and confirm the live guidelines before you begin, since state scheme rules are periodically updated by notification.
