The Odisha Cabinet, in its recent session, has greenlit several initiatives, among them the launch of 'SWAYAM'. This program aims to provide interest-free loans of up to Rs 1 lakh to rural unemployed youth and aspiring entrepreneurs for bolstering their business ventures.
SWAYAM Scheme Odisha brief information:
As the elections draw near, the Odisha government has unveiled a new initiative known as Swathantra Yuva Udyami (SWAYAM). This program aims to empower the youth of the coastal state by offering interest-free bank loans of Rs one lakh, encouraging them to embark on entrepreneurial ventures.
The state government has initiated a program to offer interest-free bank loans of up to Rs 1 lakh to unemployed adolescents aged between 18 and 35. The objective of this new initiative is to assist young individuals in launching new ventures or expanding their existing businesses.
On Monday, Chief Secretary PK Jena announced that the state Cabinet, headed by Chief Minister Naveen Patnaik, has approved a proposal regarding this matter. The government has allocated Rs 448 crore from its funds to execute the plan. Jena mentioned that the program is slated to run for a duration of two years.
SWAYAM Scheme Eligibility Criteria:
Young individuals aged 18 to 35 residing in rural areas have the opportunity to seek loans through SWAYAM orSwatantra Yuva Udyami. These loans, amounting to Rs 1 lakh, aim to support the initiation or expansion of their current businesses.
According to official sources, young individuals residing in rural areas who are unemployed or do not have any existing loans from Central or state government-sponsored schemes, and fall within the age bracket of 18-40 years, will be eligible for interest-free bank loans up to Rs 1 lakh to kickstart or expand their business ventures.
Documents Required For Swayam Scheme Apply:
To be eligible for the Swayam Scheme 2024, applicants must possess a variety of documents. If you wish to apply for this scheme, it is imperative to ensure that you have the following documents in order:
- Aadhar Card
- Ration Card
- Passport Size Photo
- Mobile Number
- Email id
How To Apply For Swayam Scheme:
To apply for this Swayam Scheme Benefit, you have to follow the process given below:
- First of all visit the official website of Swayam Yojana Odisha.
- Now click on the homepage and apply for the online link.
- Now the new application form will be open.
- You have to fill out the application form and attach all the documents.
- Now complete the registration process by clicking on the submit button.
Swayam Scheme Apply 2024:
The Swayam Yojana initiative was launched in Odisha with the aim of empowering young individuals in rural areas to establish their own businesses. The program is designed to not only generate job opportunities but also foster the growth of small enterprises. By encouraging entrepreneurship, it seeks to ignite the aspirations of Odisha's youth, contributing to the overall development of the region. Moreover, the program endeavors to attract private investments, thereby facilitating learning opportunities for students and young entrepreneurs in Odisha.
The primary objective of the program is to facilitate individuals in establishing new businesses by extending financial support through loans amounting to thousands of rupees. This financial aid is available to all eligible recipients within the state of Odisha. The scheme was inaugurated on February 12, 2024. Fresh applications are currently being accepted under this initiative, offering a straightforward process for interested applicants to apply.
