Government Loan Scheme: Get up to ₹10 Lakh with Employment Aadhaar Card | Eligibility, Benefits & How to Apply – Udyog Aadhar
In a significant boost to employment and self-reliance, the Indian government has introduced a special financial assistance program under which individuals possessing an Employment Aadhaar Card can avail of loans of up to ₹10 lakh. This initiative aims to promote entrepreneurship, support small businesses, and generate employment opportunities across urban and rural India. Let’s understand the details of this government-backed scheme, including loan eligibility, interest rates, application process, and key benefits.
✅ What is an Employment Aadhaar Card?
An Employment Aadhaar Card is a unique identification document issued under various state or central government employment guarantee or skill development schemes. It serves as a proof of registration with government-backed employment platforms and is used to verify the applicant’s eligibility for various financial and skill enhancement benefits.
🔍 Overview of the ₹10 Lakh Loan Scheme
| Feature | Details |
|---|---|
| Scheme Type | Government-backed loan assistance |
| Maximum Loan Amount | ₹10,00,000 |
| Eligible Applicants | Employment Aadhaar card holders |
| Interest Rate | Subsidized (starting from 4% p.a.) |
| Repayment Tenure | Up to 5 years |
| Collateral Requirement | No collateral for loans up to ₹5 Lakh |
| Purpose of Loan | Startups, MSMEs, self-employment |
🎯 Key Objectives of the Scheme
- Promote Entrepreneurship: To empower skilled individuals to set up their businesses or startups.
- Job Creation: To generate employment by supporting small and medium enterprises.
- Support Women & Youth: Special incentives for women entrepreneurs, youth, and SC/ST candidates.
- Financial Inclusion: To provide credit access to those from economically weaker sections without traditional collateral requirements.
👥 Who Can Apply?
To be eligible for this scheme, the applicant must:
- Hold a valid Employment Aadhaar Card issued under state or central employment schemes.
- Be an Indian citizen aged between 18 to 55 years.
- Be engaged in or planning to start a business, trade, or profession.
- Not have defaulted in previous loans from banks or financial institutions.
- In some cases, must have completed a government-sponsored skill development course (like PMKVY).
📄 Documents Required
Ensure you have the following documents before applying:
- Employment Aadhaar Card
- Aadhaar Card (ID proof)
- PAN Card
- Address Proof (Electricity bill, Voter ID, etc.)
- Bank Passbook/Account details
- Passport-size photographs
- Business Plan or Proposal (for loans above ₹2 Lakh)
- Educational and skill certification (if applicable)
💡 Benefits of the Employment Aadhaar Loan Scheme
- High Loan Amount: Access up to ₹10 lakh without stringent documentation.
- Collateral-Free Loans: For amounts up to ₹5 lakh, no security or guarantor needed.
- Subsidized Interest Rates: Interest as low as 4-6% under credit guarantee schemes.
- Easy Online Application: Quick and paperless loan process via digital portals.
- Special Focus Groups: Women, minorities, SC/ST candidates get priority benefits.
- Repayment Flexibility: EMI options ranging from 12 to 60 months.
- Skill Development Linkage: Many schemes are integrated with skilling programs like Skill India, PMEGP, and Stand Up India.
📝 How to Apply Online
Follow these steps to apply for the ₹10 lakh Employment Aadhaar Card loan online:
Step 1: Visit the Official Portal
Go to the official government portal like:
Step 2: Select the Appropriate Scheme
Choose a scheme that suits your business needs — for example, PMEGP, MUDRA Loan, Stand Up India, or Startup India.
Step 3: Register and Fill Application
Create an account, fill in your personal details, and upload all necessary documents, including the Employment Aadhaar Card.
Step 4: Submit Business Proposal
Upload your business plan (mandatory for loans above ₹2 Lakh). You can get help from district industries centers (DIC) or Common Service Centers (CSC).
Step 5: Wait for Approval
The concerned financial institution will verify your details. Once approved, the loan amount is directly credited to your bank account.
🏦 Banks & Institutions Offering Loans
This scheme is backed by several nationalized and private banks, including:
- State Bank of India (SBI)
- Punjab National Bank (PNB)
- Bank of Baroda
- Canara Bank
- IDBI Bank
- Regional Rural Banks (RRBs)
- SIDBI (Small Industries Development Bank of India)
NBFCs and Microfinance Institutions (MFIs) are also empaneled to disburse smaller loans under government subsidies.
🔎 High CPC Keywords (for SEO)
- Employment Aadhaar Card Loan Scheme
- ₹10 Lakh Government Loan
- Loan without collateral India
- Self-employment loan scheme 2025
- Startup loan with Employment Aadhaar
- Mudra Yojana for unemployed youth
- Government business loan eligibility
- Apply online for Aadhaar-based loan
📢 Latest Updates (June 2025)
- The government has increased the loan cap from ₹5 lakh to ₹10 lakh for Employment Aadhaar cardholders.
- Online application processing time has been reduced to 7 working days.
- Special help desks set up at Common Service Centers (CSCs) to assist rural applicants.
📌 Final Thoughts
The ₹10 lakh government loan scheme for Employment Aadhaar Card holders is a transformative initiative aimed at building a self-reliant India (Aatmanirbhar Bharat). Whether you’re a budding entrepreneur, a skilled technician, or a small business owner, this scheme can serve as a launchpad for your ambitions.
Don’t miss this opportunity. Check your eligibility, prepare your documents, and apply today to unlock your entrepreneurial journey with government support.