Online Registration for the Swami Vivekananda Assam Youth Empowerment Scheme

Activities Included

The following activities have been included in the new Assam Youth Empowerment Scheme:-

• Manufacturing
• Processing
• Service Sector
• Trading
• Rural Transport Service (Auto Rickshaw, e-Rickshaw)
• Tourism
• Shops, repairing Centres, handicrafts, Cottage Industries, etc.

Eligibility Criteria

The applicant must follow the following eligibility criteria while applying for the recruitment:-

• The applicants must be residents of Assam
• The applicant must be above 18 years of age.
• There is no income ceiling for getting assistance under this scheme.
• The individual beneficiary should have skills, experiences, knowledge, etc., to undertake income-generating activities.
• The beneficiary should possess the educational qualification of at least Class standard.
• The beneficiary who completed Skill Development Training will get a preference.
• A beneficiary must not be the defaulter of any loan.
• If the information submitted by the beneficiary is found to be incorrect later, action would be taken against the beneficiary including cancellation of the loan, recovery of amount as Bakijai, and also blacklisting for future benefit under any Government Scheme.
• PMEGP beneficiaries of the last 5 years will not be eligible under the scheme.

Nature Of Financial Assistance

• First of all, the state government will request all of the private, public, and rural banks to provide assistance under this scheme.
• the new entrepreneurs of the state will get One lakh rupees.
• Up to 200000 will be provided for the existing entrepreneurs.
• The beneficiary will only give 25% of the total cost
• Banks will be free to give loans
• If the beneficiary has taken 100000 as a loan then 25000 will be given by the beneficiary himself.
• 20000 rupees subsidy will be provided on one lakh rupees loan
• 55000 rupees will be the loan amount from the bank in 1 lakh.
• Under the scheme government will allocate 200 crore rupees.

Document Required

• SVAYAM application form
• Ownership identity documents
• Copy of business registration certificate
• Copy of business license
• The national food security card is applicable
• Residence proof
• Skill development training Certificate if applicable
• Experience certificate if applicable
• Age proof
• Proof of qualification
• Identity proof (voter ID card, driving license, PAN Card, Aadhar Card, passport, etc)
• Scheme report for the proposed project

Negative List Of Activities

• Manufacturing of intoxicant items
• Bidi, Pan masala, cigarette, etc
• Sales outlet of liquor
• The plastic bag below 40 microns

Institutional & Implementing Arrangement

The institutional and implementing arrangements under this scheme are as follows:-

• The nodal department for the scheme is Industries And Commerce Department.
• the District Industries And Commerce Centre will implement the scheme.
• The private bank, public bank, and regional rural bank will be the leading agency in the scheme.
• All of the banks will execute a memorandum to implement the scheme.

Bank Finance

The procedure related to the banks in this scheme are as follows:-

• The bank will donate around 55% of the project cost under this scheme.
• Bank will also support the capital expenditure through loans
• Bank will give working capital also
• The beneficiary will have to submit 25% of the project cost after the loan to the bank
• After the receipt of a subsidy, the bank will release the loan amount.

Interest Rate And Repayment Schedule

The interest rate and repayment schedule in this scheme are as follows:-

• The interest rate will charge as per the guidelines issued by the Reserve Bank of India.
• The repayment schedule will be between 3 to 7 years after the final moratorium
• the financial institutions will describe the final moratorium.

Procedure Of Approval

• Advertisements will make it possible in different districts of the state.
• All of the applications will invite through these advertisements
• Beneficiaries will have to submit their application to the district level.
• The concerned authority will accept the applications through an online procedure.
• Once the application will submit the General Manager of the district-level committee will scrutinize them.
• The committee will examine the application.
• The confirmed application will recommend to the bank.
• The bank will make the final decision.
• After the proposal is selected loan will be released in 5 working days
• The bank will then submit the margin money subsidy proposal against the borrower.

In the Dima Hasao district, the RE-SVAYEM scheme will benefit 1000 beneficiaries in the first phase and 643 beneficiaries in the second phase. In the first installment, Rs 30000 will provide under the RE-SVAYEM scheme and in the second installment Rs, 20000 will be provided. In a program held on 24 January, 2021 Rs 30000 financial help is given to five beneficiaries. The total amount sanctioned under redesigned Swami Vivekananda Assam youth empowerment scheme for the Dima Hasao district is Rs 5 crore. With the help of this scheme, proper employment opportunities will create in the state in both rural and urban areas. With the help of the scheme, the unemployed youth will get new business Ventures and existing businesses will also get a chance to expand. Through this scheme, youths can engage themselves in income-generating activities like manufacturing, trading, service sector, etc.

On 21 January 2021 redesigned Swami Vivekananda youth empowerment scheme has launched in the Tinsukia district. This scheme has been launched in a centralized program which was held at Golap Chandra Ravi Chandra Natya Mandir at Tinsukia. On this occasion, the beneficiaries of redesigned Swami Vivekananda youth empowerment scheme were also present. In the Tinsukia district, 14,021 people will get benefits.

The main objective of launching the scheme is to provide proper employment opportunities to the people of the Assam state. Through the swami Vivekananda Assam Youth Empowerment Scheme many employment opportunities will generate in the ruler as well as the urban areas of the Assam state. New businesses and ventures will be able to set up and the growing ventures will be able to grow their value. People will get financial assistance so that they can invest their funds in micro and small businesses. More and more people will encourage them to take part in manufacturing and trading. The income level will enhance the traditional artisans of the Assam state.

The government will give 50000 rupees to each of the beneficiaries who will take part in this Swami Vivekananda Assam youth empowerment Scheme. Proper measures will provide so that all the people can grow their individual businesses. Small and regional businesses will provide with proper facilities so that they can grow their sales and provide a wide range of products in the country. Exposure will provide to all of the small and regional artisans of the Assam state. People will be able to take up small activities and make them big with their investments and proper financial funds.

Swami Vivekananda Youth Empowerment Scheme Assam Online  Registration | The Finance Minister of Assam state launched a youth empowerment scheme on 7th February 2017. This is one of the most important programme of Assam state. As it will provide complete facilities to all youngsters of Assam state. The scheme will help in generating opportunities that will surely help in supporting the younger generation of this state. Today with this article, we will share you complete information regarding this Swami Vivekananda Youth Empowerment Scheme Assam. The concerned officials of the government of Assam have launched this scheme. Along with this, we will also provide you with all other aspects of this scheme. This especially includes the eligibility standard under which 2 lakh youth will obtain 50000 rupees together with step by step application procedure for this scheme.

The Swami Vivekananda Youth Empowerment Assam Scheme was initially started in the year 2017. Now the finance minister of the Assam state has re-launched this scheme. An amount of 1000 crore Rs. has been finalized to be sanctioned under this scheme for the youth of the Assam state. Around 2 lakh youth of this state will avail of the benefits of this scheme. 50000 rupees are ensured to the concerned beneficiaries of this scheme. The Assam government has included around 7000 beneficiaries under the scheme in the year 2017-18. Following that in the year 2019, the government has included around 1,500 people.

The state government Redesigned Swami VivekanandaAssam’s youth empowerment scheme on 20 January 2022. Chief Minister Sarbananda Sonowal along with finance minister Dr. Himanta Biswa Sarma has launched this great scheme. Through this scheme financial aid of Rs, 50,000 will be distributed to 2 lacs beneficiaries of Assam state. The self-help groups of 5 to 20 members will obtain this financial assistance. This was announced at the function held at Kumar Bhaskar Barman Kshetra, Aminagaon. With the assistance of the RE-SVAYEM scheme, entrepreneurship skills will be developed among youth. In the future also, numerous facilities are ensured for several sectors of all eligible groups.

The RE-SVAYEM scheme will benefit around 1000 beneficiaries in the first phase. In the second phase, 643 beneficiaries will be benefited in the Dima Hasao district. Under the first installment of RE- SVAYEM, Rs 30000 will be given and in its second installment, Rs 20000 will be ensured. A program was organized on 24 January 2022 in which Rs 30000 as economic help is provided to five beneficiaries. The total amount assigned under Re -designed Swami Vivekananda youth empowerment scheme of Assam for the Dima Hasao district is 5 crore. Through this scheme, proper employment opportunities will surely emerge in both rural as well as urban areas of this state. Along with this, the unemployed youth will obtain new business Ventures. Evidently, the existing businesses will also obtain a chance to increase themselves. With this scheme, youths can involve themselves in income-generation activities basically manufacturing, trading, service sector, etc.

The redesigned Swami Vivekananda youth empowerment scheme has inaugurated in the Tinsukia district on 21 January 2022. This scheme has been initiated in a centralized program. Thais was held at Golap Chandra Ravi Chandra Natya Mandir at Tinsukia. On that auspicious occasion, concerning beneficiaries of redesigned Swami Vivekananda youth empowerment scheme of Assam were also present. Around 14,021 people will obtain benefits in the Tinsukia district.

The major aim of initiating this scheme is to ensure proper employment opportunities for the Youth of Assam state. With thisSwami Vivekananda Youth Empowerment Scheme, Assamseveral employment opportunities will emerge in both the rural and the urban areas of the Assam state. Many new businesses and ventures will thus organize themselves. Along with the growing ventures will also improve their value. People will obtain economic aid. Consequently, they can invest their funds in micro as well as small businesses. A number of people will motivate them to take part in manufacturing and trading services. As a result, the income level will increase for the traditional artisans of the Assam.

The government will provide 50000 rupees to all of the beneficiaries that will take part in this Swami Vivekananda youth empowerment Scheme of Assam. Complete measures are given so that all the people can develop their personnel businesses. The Small and regional businesses will surely obtain proper facilities, Thus they can increase their sales and give a wide range of products in the whole country. All of the small and regional artisans of the Assam state will get exposure. The People will be able to set up small activities and make them large through their investments and proper economic funds.