Himachal Pradesh Mukhyamantri Swavlamban Yojana

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Overview & About

Self-employment loan scheme for youth in HP providing subsidized loans up to ₹60 lakh for setting up businesses.

The Mukhyamantri Swavlamban Yojana provides collateral-free business loans at subsidized interest rates to unemployed youth of HP. The scheme covers manufacturing, service, trade, and tourism sectors. A 25% capital subsidy (up to ₹15 lakh) is provided on the loan amount.

⚡ Key Facts

State Himachal Pradesh

Max Loan ₹60,00,000

Capital Subsidy 25% (max ₹15 lakh)

Age Limit 18–45 years

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Benefits

Loan up to ₹60,00,000
25% capital subsidy (max ₹15 lakh)
5% interest subsidy for women/disabled/SHGs
Collateral-free for loans up to ₹10 lakh
Repayment period: 5–7 years
Free business training (2 weeks)

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Eligibility Criteria

HP resident aged 18–45 years
Minimum Class 8 pass
Not in government employment
Not defaulter with any bank
Annual family income below ₹4,00,000

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Required Documents

Aadhaar card, Residence certificate, Educational certificate, Project report, Income certificate, Bank account

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How to Apply

1

Apply at District Industries Centre (DIC)

2

Submit detailed project report

3

Screening by DIC committee

4

Loan sanctioned through partner bank

5

Subsidy released by Industries dept on utilization

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Frequently Asked Questions

Which sectors are eligible for Swavlamban Yojana? ▾

Manufacturing, service sector, tourism, trade, food processing, and handicrafts are all eligible sectors.

Is the 25% subsidy given upfront or after setup? ▾

The subsidy is released after the business is set up and operational for 6 months, verified by DIC officer.

Overview & About

Benefits

Eligibility Criteria

Required Documents

How to Apply

Frequently Asked Questions

Jump to Section

Quick Facts

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Himachal Pradesh Mukhyamantri Swavlamban Yojana

Overview & About

Benefits

Eligibility Criteria

Required Documents

How to Apply

Frequently Asked Questions

Jump to Section

Quick Facts

Need Help?

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