Odisha Swatantra Yuba Udyami Yojana Online Registration | Apply Online | SWAYAM | Benefits | Documents | Eligibility
Swatantra Yuba Udyami Yojana: In a bid to empower the youth of Odisha and foster entrepreneurship, the state government has unveiled the Odisha Swatantra Yuba Udyami Yojana. This visionary scheme, also known as SWAYAM, aims to facilitate self-employment opportunities for the state’s young populace, bridging the gap between aspiration and action.
If you want to take advantage of it, let’s read in detail about various aspects about Odisha SWAYAM Scheme…
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What about Odisha Swatantra Yuba Udyami Yojana 2024 ?
A key aspect of the Odisha Udyami Yojana is its inclusive nature, with the state administration ambitiously targeting the inclusion of 1 lakh eligible youth from both urban and rural areas in the first phase of the program. By catering to individuals across diverse geographical and socio-economic backgrounds, the scheme aims to democratize access to entrepreneurial opportunities, leveling the playing field and unlocking the latent potential of the state’s youth.
Under this scheme, eligible participants will receive financial assistance to kickstart their entrepreneurial ventures, thereby stimulating economic growth at the grassroots level. By harnessing local talent and resources, the initiative not only promotes job creation but also fosters sustainable development within communities, empowering individuals to become agents of change in their own right.
Odisha Swatantra Yuba Udyami Yojana: Overview
|Odisha Swatantra Yuba Udyami Yojana 2024
|To establish business for youth
|Interest Free Loan Upto – INR 1 Lakh
|Odisha Young Men & Women 18+ AGE
|Not yet launched
The Free Laptop Scheme 2023 Odisha, also known as Biju Yuva Sashaktikaran Yojana, is designed to provide free laptops to 10+2 students across all streams – Commerce, Science, and Arts.To apply for this scheme learn more!
‘SWAYAM’ means Swatantra Yuba Udyami. Under this initiative, young men and women aged 18 and up will be eligible for interest-free bank loans of up to one lakh to establish a business. In the first phase of this plan, the state government hopes to include 1 lakh eligible adolescents from both urban and rural areas. The state government would use Rs 448 crore from its budget to fund this.
In this program, the state government would issue an additional 15% loan guarantee (Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE), in addition to the existing 85% credit guarantee provided to micro and small firms. The state government will shoulder the whole interest burden on the loan. The CGTMSE annual guarantee cost will also be borne by the state government.
Swatantra Yuba Udyami Yojana Eligibility
- Both male and female applicants should be between 18 to 35 years of age and for disabled groups and scheduled tribes the age limit should be 40 years.
- The applicant’s family must have an annual income of less than Rs 2 lakh to be eligible for coverage under either KALIA or BSKY schemes.
- If the applicants have already repaid a loan from any bank or other financial institution or have outstanding dues under any Central or State Government programme, they will not be eligible for the benefits of this scheme.
- Employees of central, state or local governments, employees of constitutional bodies and their families are not eligible for this loan.
- More than one member in a family will not be considered eligible.
The Government of Odisha introduced a groundbreaking initiative known as Nirman Shramik Kalyan Yojana Odisha aiming to provide scholarships to the children of construction workers. Learn more about this scheme
Odisha SWAYAM Scheme Online Registration Documents
- Aadhar card
- PAN Card
- Mobile Number
- Bank Account Details
- Domicile Certificate
- Income Certificate
- Passport Size Photo
The Odisha Government has introduced the Mukhyamantri Shiksha Puraskar Yojana, a strategic initiative to recognize and honor the academic achievements of students in public schools. This project allocates a substantial Rs.100 crore to support new schools, and rewards an impressive 50,000 students annually.
Odisha Swatantra Yuba Udyami Yojana Apply Online
If the applicant has defaulted on a loan from a bank or another financial institution, or if he or she has an outstanding debt under any Central or State Government scheme, the applicant will be ineligible for this scheme. This loan is not available to employees of the central and state governments, government enterprises, constitutional bodies, or their families. If one member of the family receives this benefit, the other cannot.
If we talk about Apply Online then we want to tell you that Currently, the online application process for the SWAYAM Scheme has not been initiated.
However, as soon as any updates regarding this scheme are announced, you can promptly access the changes and the online registration process associated with it on our website. We understand the importance of staying informed about such opportunities, and we are committed to providing you with the necessary information and guidance to participate in this scheme seamlessly. Stay tuned to our platform for the latest updates and instructions on how to apply for the Odisha Swatantra Yuba Udyami Yojana.
The Government of Odisha recently launched the Bhulekh Odisha Portal to facilitate citizens in reviewing their land records across the state. The primary objective behind this online service is to eliminate the necessity for citizens to physically visit governmental authorities and complete applications to access their land information.
Also Read –
- MO Ghara Yojana Odisha 2024 : Online Apply, Eligibility and Benefits
- Kalia Yojana Online Apply : Kalia Status, Kalia Yojana Correction Online
- Bhulekh Odisha 2023 & Bhu Naksha: Access Land Records at Your Fingertips
Odisha Swatantra Yuba Udyami Yojana 2024: FAQs
Q1. What is Odisha Swatantra Yuba Udyami Yojana ?
The SWAYAM (Swatantra Yuba Udyami) Yojana was approved by the Odisha state cabinet. This program was put in place to involve young people in the state’s new commercial and economic resurgence, both in urban and rural areas.
Q2. What will be the benefit from SWAYAM scheme?
Under this yojana, interest-free bank loans up to Rs. 1 lakh would be available for business startup.
Q3. How to do Registration for Swatantra Yuba Udyami Yojana ?
The complete process of Online Registration is explained in detail above in simple words.
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