Start Your Own Business with Ease: Uttarakhand Government Offers ₹50,000 Loan Without Collateral, ₹20,000 May Be Waived

If you've been dreaming of starting your own business but are held back by a lack of funds, the Uttarakhand government has a solution for you. Under the Mukhyamantri Swarozgar Yojana – Nano, aspiring entrepreneurs can now avail a loan of up to ₹50,000 without the need for any collateral — and up to ₹20,000 of the loan amount may be waived off based on performance.

This initiative is part of the state’s larger push to create self-employment opportunities, especially in the aftermath of the pandemic, which left many without stable incomes.

What is Mukhyamantri Swarozgar Yojana (Nano)?

Launched with the aim of empowering micro-entrepreneurs in both rural and urban areas, the Mukhyamantri Swarozgar Yojana (Nano) offers financial assistance with minimal paperwork and no requirement for a guarantor. Originally introduced to support individuals post-COVID-19, the scheme now extends loans up to ₹2 lakh, though the “Nano” version specifically targets smaller ventures with loans capped at ₹50,000.

The loan can be used for industries such as:

• Manufacturing

• Poultry farming

• Animal husbandry

• Fish farming

• Meat processing

• Small service businesses

How Much Loan & Subsidy Can You Get?

Under this scheme, applicants can receive up to ₹50,000 in loans without any guarantee. Along with that, a government subsidy of up to 40% (or ₹20,000) is available based on category and region. Here’s how the subsidy is structured:

Category General Applicants SC/ST/OBC/Ex-Servicemen/Women/Disabled/Minorities

A (Hilly)	35% (max ₹17,500)	40% (max ₹20,000)
B (Hilly)	30% (max ₹15,000)	35% (max ₹17,500)
B+	30% (max ₹15,000)	35% (max ₹17,500)
C	25% (max ₹12,500)	30% (max ₹15,000)
D	25% (max ₹12,500)	30% (max ₹15,000)

The subsidy is transferred to the applicant’s bank account after two successful years of running the business and repayment of the first loan installment.

Who Is Eligible?

To apply for this scheme, you must meet the following criteria:

• Age between 18 to 65 years

• Permanent resident of Uttarakhand

• Not a defaulter with any bank

• Should have a basic understanding of the business to be started

• No mandatory education qualification required

• Must have a valid bank account in the area of the project

• Necessary licenses/NOCs if required for the business

How to Apply for the Scheme?

Applying for the scheme is simple and completely online. Here’s a step-by-step guide:

Step 1: Registration

• Visit the official portal

• Enter your mobile number and verify with OTP

• Provide Aadhaar number, email, full address, and business location

Step 2: Fill in Your Profile

• Enter details like date of birth, PAN number, qualification, caste, and category

Step 3: Business Proposal

• Specify the type of business or service

• Fill in project details including name, address, and location

• Mention the sector (industry, service, etc.)

Step 4: Financial Details

• Add investment estimates

• Choose two preferred banks for the loan

• Provide IFSC code, branch name, and account details

Step 5: Upload Documents

• Download and upload the DPR (Detailed Project Report) and self-declaration form

• Attach proof of residence, ID, bank passbook, and passport-sized photo

Required Documents

• Aadhaar Card

• Proof of residence

• Bank account details

• Passport-size photograph

• Investment proof

• DPR format

• Self-declaration affidavit

How to Check Application Status?

Applicants can check the status of their loan application on the official portal under the “Help Section”. Simply enter your application ID, submit OTP, and the system will display the current status.

FAQs

Q. Can people from other states apply?
No, the scheme is strictly for residents of Uttarakhand.

Q. How much loan is waived?
Depending on the applicant category and location, ₹12,500 to ₹20,000 may be waived.

Q. Is educational qualification mandatory?
No, anyone with basic knowledge of the business can apply, regardless of academic background.

Q. Is there a helpline?
Yes, you can contact the official helpline at 7617576909 for assistance.

Final Thoughts

The Mukhyamantri Swarozgar Yojana – Nano is a golden opportunity for aspiring entrepreneurs in Uttarakhand. With easy loans, substantial subsidies, and zero collateral requirements, the government is making self-employment more accessible than ever. If you’re looking to launch your own venture, this scheme could be the perfect starting point. Apply today and take the first step toward financial independence.