Jaipur: If you are a resident of Rajasthan and are struggling with the problem of unemployment, then there is a great news for you. Under its ambitious ‘Mukhyamantri Yuva Swarozgar Yojana 2026’, the state government has given the youth an opportunity to become their own boss. The most important thing about this scheme is that only 8th pass youth can take a loan up to ₹ 10 lakh and they will not have to pay even a single rupee interest on it.
The intention of Rajasthan government is not only to provide jobs but to create entrepreneurs who create jobs. For the financial year 2026-27, the government has set a target of connecting 30 thousand youth with this scheme. At the same time, there is a plan to set up a total of 1 lakh new startups and business units across the state in the next three years. This scheme, run by the Industry and Commerce Department, has been active since January 2026 and will continue till March 2029.
Generally, heavy interest has to be paid on business loan, but this is not the case in Mukhyamantri Yuva Swarozgar Yojana. Under this scheme, 100 percent interest amount on the loan taken is given by the government in the form of subsidy. That means you have to return to the bank only the money you took (the principal amount). Apart from this, the facility of bank guarantee and insurance cover is also being provided, which reduces the risk of starting a new work.
The government has kept the rules of this scheme so simple that everyone can take advantage of it.
The loan amount depends on your work and your studies:
The entire application process is digital, eliminating the fear of middlemen:
Compared to schemes like ‘MYUVA’ scheme of Uttar Pradesh, this scheme of Rajasthan has become a topic of discussion among the youth due to higher loan amount and complete interest waiver. Then what are you waiting for? Create your own project report and take steps towards becoming your own boss!
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