Bhairon Singh Shekhawat Swarojgar Antodaya Yojana Rajasthan Interest Free Loan Scheme for Unorganized Labor class
The government has launched the new Scheme named after Lt. Bhairon Singh Shekhawat. According to the government the introduced scheme is implemented to offer benefit to the people belonging to the unorganized category (Labor class). Under the scheme the government will be offering with financial assistance to this particular class of the society.
Budget allocation in 2018
The government has already allocated a set budget that would be distributed by the government amongst 50,000 families belonging to the beneficiary class of the society. The government has also stated that it would offer with over 50,000 sanctioned loans for interest free to each beneficiary registered under the scheme.
- One of the main eligibility criteria under the scheme is that the loan offered to the beneficiary can only be made use of for setting up or under stand up policy for being self employed. Under the scheme the government will ensure that the eligible beneficiary will be offered with loan on interest free terms and conditions.
- The loan amount can only be used by the beneficiary to get established within the state limits for new establishments related to self employment. The new scheme is introduced with an aim to fulfill the long awaiting demands of the people belonging to the Rajput society.
With the implementation of the above mentioned scheme the main aim of the government is to try and offer with earning potential to the people belonging to the unorganized sector of the society via interest free loans.