Vajpayee Bankable Yojana 2026 – Complete Guide to Loan, Eligibility, Subsidy, Documents & Application Process

Introduction

The Vajpayee Bankable Yojana is an important State Government self-employment scheme designed to provide financial assistance to artisans, craftsmen, and unemployed individuals engaged in cottage industries, service activities, and small businesses.

Under this scheme, eligible beneficiaries can obtain bank loans up to ₹8 lakh through nationalized banks, cooperative banks, public sector banks, or private banks, making it easier for individuals to start or expand their own income-generating activities.

The scheme focuses on promoting self-reliance, entrepreneurship, and rural–urban employment, while also extending special support to disabled and visually impaired persons.

Objective of Vajpayee Bankable Yojana

The primary objectives of the Vajpayee Bankable Yojana are:

To promote self-employment opportunities in both urban and rural areas
To support cottage industries, small businesses, and service units
To reduce unemployment among youth and skilled artisans
To encourage traditional crafts and hereditary occupations
To provide financial inclusion for disabled and blind persons
To facilitate easy bank credit with government support

This scheme acts as a bridge between skilled individuals and formal banking finance.

Who Can Benefit from Vajpayee Bankable Yojana?

The scheme is specifically beneficial for:

Unemployed youth
Cottage industry artisans
Small traders and service providers
Traditional craftspersons
Self-employed individuals
Disabled and visually impaired persons
People planning to start a micro or small enterprise

Eligibility Criteria for Vajpayee Bankable Yojana

To apply under this scheme, applicants must meet the following eligibility conditions:

1. Age Limit

Minimum Age: 18 years
Maximum Age: 65 years

2. Educational Qualification

The applicant must have passed minimum 4th standard, OR

3. Training / Experience Requirement

The applicant must fulfill any one of the following:

Completed minimum 3 months training from a private establishment, OR
Completed minimum 1 month training from a government-recognized institute related to the proposed business, OR
Possess minimum 1 year of experience in the same activity, OR
Be a hereditary craftsperson

4. Income Criteria

No income limit is applicable under this scheme

This makes the scheme highly inclusive and accessible.

Maximum Bank Loan Limit Under Vajpayee Bankable Yojana

The maximum loan amount provided under the scheme depends on the sector:

Sector	Maximum Loan Amount
Industries Sector	₹8.00 Lakh
Service Sector	₹8.00 Lakh
Business Sector	₹8.00 Lakh

The loan amount is sanctioned based on:

Project feasibility
Business plan
Applicant’s skill and experience
Bank’s lending norms

Types of Activities Covered Under the Scheme

The scheme supports a wide range of activities, including but not limited to:

Cottage and village industries
Handicrafts and handloom units
Small manufacturing units
Repair and maintenance services
Retail and wholesale trade
Food processing units
Tailoring, beauty parlors, workshops
Traditional artisan and hereditary crafts

Documents Required for Vajpayee Bankable Yojana

Applicants must submit the following documents while applying:

Aadhaar Card
Ration Card
Passport-size Photograph
Project Report / Business Plan
Caste Certificate (if applicable)
Educational Certificate (minimum 4th standard)
Proof of Training Course or Experience
Any additional documents required by the bank

All documents must be valid and self-attested.

Application Process for Vajpayee Bankable Yojana

Step-by-Step Offline Application Process

Visit the concerned District Industries Centre (DIC)
Collect the application form for Vajpayee Bankable Yojana
Fill in all personal, educational, and business details carefully
Attach required documents and project report
Submit the completed application to the DIC
The application is verified by the concerned department
After approval, the proposal is forwarded to the bank
The bank evaluates the project and sanctions the loan
Loan amount is disbursed directly to the beneficiary’s bank account

Important Forms and Links

Applicants can obtain important forms and information from official sources:

District-wise Contact Numbers – Available at District Industries Centres
Offline Form 1 – From DIC
Offline Form 2 – From DIC
Subsidy Form – From DIC
Project Profile Format – From DIC

(All forms are available at the District Industries Centres and the official government website.)

Role of District Industries Centres (DIC)

District Industries Centres play a crucial role in:

Providing guidance to applicants
Issuing application forms
Verifying documents
Assisting in project report preparation
Coordinating with banks
Monitoring scheme implementation

Applicants are advised to stay in touch with their concerned DIC for updates.

Key Benefits of Vajpayee Bankable Yojana

Easy access to bank loans
No income restriction
Support for small and traditional businesses
Encourages entrepreneurship
Special inclusion of disabled and blind persons
Strengthens rural and urban livelihoods
Promotes self-reliance and economic growth

Frequently Asked Questions (FAQs)

Q1. Is Vajpayee Bankable Yojana a central or state scheme?

It is a State Government Scheme.

Q2. Can disabled persons apply for this scheme?

Yes, disabled and blind persons are eligible.

Q3. What is the maximum loan amount?

Up to ₹8 lakh depending on the sector.

Q4. Is there any income limit?

No, there is no income criteria.

Q5. Where can I apply for this scheme?

At your District Industries Centre (DIC).

Conclusion

The Vajpayee Bankable Yojana is a powerful initiative aimed at empowering unemployed individuals, artisans, and small entrepreneurs by providing them access to institutional finance. With simple eligibility conditions, high loan limits, and no income restriction, this scheme plays a vital role in promoting self-employment, skill-based businesses, and economic independence.

Anyone with the right skill, experience, or business idea can take advantage of this scheme and move towards a secure and self-reliant future.

Important links
District wise contact number. Click here
Offline Form 1. Click here
Offline Form 2. Click here
Subsidy Form. Click here
Project Profile. Click here