Sant Ravi Das Swarojgaar Yojana

Sant Ravidas Swarojgar Yojana is a Madhya Pradesh State Government scheme implemented through the Department of Scheduled Caste Welfare. It was launched around April 2022 as part of a package of self-employment schemes aimed at uplifting Scheduled Caste (SC) youth. The scheme is designed to promote self-employment and entrepreneurship by providing financial assistance for setting up new businesses or service units. For you as an MSME or aspiring entrepreneur, this scheme helps in reducing your initial financial burden through a mix of bank-linked loans and government subsidies, enabling you to start or expand your enterprise.

Key Features
Financial Assistance
Eligibility Criteria
Documents Required
Application Process

Key Features

Targeted SC entrepreneurship support: This scheme is focused on empowering SC youth by enabling them to start their own business. It promotes inclusive growth by supporting underserved communities with structured financial assistance.
Wide range of business activities: You can start businesses across sectors such as manufacturing, services, or trading. The flexibility allows MSMEs to choose business models suited to local demand and personal skills.
Bank-linked loan with subsidy: The scheme operates through banks where loans are sanctioned, and the government provides margin money subsidy, reducing your repayment burden.
Margin money support: A portion of the project cost is covered as subsidy (margin money), which reduces the amount you need to invest personally or repay to the bank.
Training and capacity building: Selected beneficiaries may receive entrepreneurship or skill training, which improves your chances of running the business successfully.
District-level implementation: Applications are processed through district authorities, ensuring local-level monitoring, guidance, and faster coordination with banks.

Financial Assistance

Component	Assistance Provided	Detailed Explanation
Project Cost (General)	Bank Loan + Subsidy	The project is financed through a bank loan, with a portion covered by government subsidy. Example: If your project cost is ₹10 lakh, a part is financed by subsidy and the rest via bank loan.
Margin Money Subsidy	Up to ~30% (indicative)	Government provides margin money support to reduce your own contribution. Example: You may need to contribute less upfront capital due to subsidy support.
Maximum Project Cost	Up to ₹50 lakh (indicative)	Projects up to ₹50 lakh may be supported under the scheme. Example: You can set up a medium-scale manufacturing or service unit within this limit.
Beneficiary Contribution	Minimal contribution required	You are expected to contribute a small portion of project cost. Example: 5–10% contribution depending on guidelines.
Training Support	Free/Supported training	Entrepreneurship or technical training may be provided before or after loan sanction.

Eligibility Criteria

Applicant must belong to Scheduled Caste (SC) category
Must be a resident of Madhya Pradesh
Age should generally be between 18 to 45 years
Applicant should be unemployed or willing to start a new enterprise
Should not be a defaulter of any bank/financial institution
Must possess basic skills or willingness to undergo training
Project must be economically viable and approved by bank

Non-eligibility conditions:

Existing large business owners may not be eligible
Applicants with poor credit history or loan defaults may be rejected
Incomplete or non-viable project proposals may not be approved

Documents Required

Aadhaar Card
Caste Certificate (SC)
Domicile Certificate
Age Proof
Passport-size Photograph
Bank Account Details
Project Report
Educational Qualification Certificate (if required)
Training Certificate (if applicable)
Income Certificate

Application Process

Option 1: Apply with Bullit, Recommended

Start instantly with our guided application support, where our team verifies eligibility, prepares documentation, and coordinates with the Industries Department on your behalf. Using our business loans and compliance calendar, you can track progress while focusing on project execution, we manage the application end-to-end.

Option 2: Apply Offline (Government Process)

Visit District Industries Centre (DIC) or SC Welfare Office
Collect application form
Fill form with business and personal details
Attach documents and project report
Submit to district authority
Application forwarded to bank for loan processing
Bank appraisal and sanction
Subsidy released after approval

Frequently asked questions

What is the main objective of Sant Ravidas Swarojgar Yojana?

The scheme aims to promote self-employment among Scheduled Caste youth by providing financial assistance and support for starting small businesses, helping them achieve economic independence.

Who can apply for this scheme?

Individuals belonging to the Scheduled Caste category, residing in Madhya Pradesh, and interested in starting a business can apply, subject to eligibility conditions.

What kind of businesses are allowed?

Businesses in manufacturing, service, and trading sectors are allowed, provided they are economically viable and approved by the concerned authorities and banks.

Is the assistance a loan or subsidy?

The scheme provides a combination of bank loan and government subsidy, reducing the financial burden on the applicant.

What is the maximum project cost allowed?

Indicatively, projects up to ₹50 lakh can be supported, but exact limits should be confirmed from the latest guidelines.

Is training mandatory under this scheme?

Training may be required or recommended depending on the type of business and applicant’s experience level.