Good News! Government is giving ₹10 lakh to 8th pass youth, neither guarantee nor interest required

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.

Target to prepare 1 lakh ‘Maalik’ in 3 years

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.

The tension of interest is over, the government will pay the entire amount

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.

Who can take advantage? Eligibility is very easy

The government has kept the rules of this scheme so simple that everyone can take advantage of it.

• Resident: It is mandatory for the applicant to be a permanent resident of Rajasthan.
• Age: Your age should be between 18 to 45 years.
• studies: It is necessary to have at least 8th pass.
• Bank Records: You should not be a defaulter of any bank. You can apply for this scheme either alone or by forming a group.

Who will get how much money? understand math

The loan amount depends on your work and your studies:

• 8th-12th pass: Up to ₹3.5 lakh for service or trade sector and up to ₹7.5 lakh for manufacturing.
• graduate Diploma: ₹5 lakh for service sector and full ₹10 lakh for setting up manufacturing unit. Along with this, the government also provides additional assistance of ₹ 35 thousand to 8th pass and ₹ 50 thousand to graduates in the form of ‘margin money’. With this money you can start any legitimate business like a shop, tailoring unit, food processing plant or e-commerce startup.

How to apply: Step-by-step process

The entire application process is digital, eliminating the fear of middlemen:

1. First of all from Rajasthan SSO Portal (sso.rajasthan.gov.in) Go to.
2. Select the scheme there and fill the form.
3. Upload the required documents like Aadhar Card, Jan Aadhar, Residence Certificate, Bank Passbook, Marksheet and your project report.
4. After submitting the application, you can also check the status of your application on the SSO portal itself.

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!