Swami Vivekananda Assam Youth Empowerment
Swami Vivekananda Assam Youth Empowerment (SVAYEM) Scheme is a flagship program by Govt. of Assam to provide financial support to the youths of Assam to take up income-generating activities in the manufacturing, trading, and service sector. This program was launched in the year 2017.
About the Swami Vivekananda Assam Youth Empowerment Scheme
Detailed
Earlier, this scheme was initiated and managed by the department. of Industries & Commerce, Assam; but this year (2020), the scheme will be implemented by the State Finance Department, Government. of Assam with the help of other nodal agencies. The initial terms and conditions of this scheme were different, but this year the entire scheme has been rejuvenated to meet the current situation and needs of society.
<br>
Objectives
- To generate employment opportunities in rural as well as urban areas through setting up of new ventures as well as growing existing ventures.
- To provide financial assistance to micro and small business entities engaged in the manufacturing, trading, and services sector.
- To provide financial assistance for the enhancement of the income level of traditional artisans ensuring sustainable growth.
<br>
Area of implementation
- All districts of Assam including the autonomous district council
<br>
Nature of activities
- Manufacturing.
- Processing.
- Service Sector.
- Trading.
- Rural Transport Service (Auto Rickshaw, e-Rickshaw).
- Tourism.
- Shops, repair Centres, Handicrafts, Cottage Industries etc.
<br>
Institutional and implementing arrangement
- Industries and Commerce Department will be the nodal department and District Industries and Commerce Centre (DICC) will implement the scheme in the field.
- All public sector, private sector and Regional Rural Banks will be the lending agency and shall execute a formal MOU for the implementation modalities of the scheme.
<br>
Interest rate and repayment schedule
- Interest rates are to be charged by the bank as per RBI guidelines for MSE units.
- Repayment schedule may range between 3 to 7 years after an initial moratorium as may be prescribed by the bank/Financial Institution concerned.
Eligibility Criteria
Eligibility
- Residents of Assam above 18 years of age.
- There will be no income ceiling for getting assistance under this scheme.
- The individual beneficiary should have skills, experiences, knowledge, etc., to undertake the income-generating activities.
- The beneficiary should possess an educational qualification of at least Class VII standard.
- The beneficiary who has already completed Skill Development Training will be given preference.
- The 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 the amount as Bakijai and also blacklisting for future benefit under any Govt. Scheme.
- PMEGP beneficiaries of the last 5 years will not be eligible under the scheme.
How to Apply for Swami Vivekananda Assam Youth Empowerment
Application mode: Online
Frequently Asked Questions
What is the Swami Vivekananda Assam Youth Empowerment scheme?
Detailed Earlier, this scheme was initiated and managed by the department. of Industries &amp; Commerce, Assam; but this year (2020), the scheme will be implemented by the State Finance Department, Government. of Assam with the help of other nodal agencies. The initial terms…
Who is eligible for Swami Vivekananda Assam Youth Empowerment?
Eligibility Residents of Assam above 18 years of age. There will be no income ceiling for getting assistance under this scheme. The individual beneficiary should have skills, experiences, knowledge, etc., to undertake the income-generating activities. The beneficiary should possess an educational q…
What benefits does Swami Vivekananda Assam Youth Empowerment provide?
Swami Vivekananda Assam Youth Empowerment provides government benefits to eligible applicants. See the benefits section for specifics.
How can I apply for Swami Vivekananda Assam Youth Empowerment?
You can apply for Swami Vivekananda Assam Youth Empowerment via Online. Follow the step-by-step process in the "How to Apply" section above.
Source: official scheme details published on the Government of India's myScheme portal. Always verify eligibility and deadlines on the official portal before applying. Scheme rules can change.
Related Government Schemes
"Immediate Relief Assistance" under "Welfare and Relief for Fishermen During Lean Seasons and Natural Calamities Scheme"
The scheme "Immediate Relief Assistance" under "Welfare and Relief for Fishermen During Lean Seasons and Natural Calamities Scheme" is introduced to extend financial assistance to the fishermen's families to compensate for the loss due to the missing breadwinner and to support them financially.
Burial and Ex-gratia Payment Scheme in Case of Death of Unregistered Laborer During Work at Construction Site
Launched in 2014, the "Funeral and Ex-gratia Payment Scheme for Unregistered Laborers" is a welfare scheme by the M.P. Building and Other Construction Workers Welfare Board, Government of Madhya Pradesh, providing funeral assistance and ex-gratia payments in case of death or permanent disability.
Garuda Scheme for Funeral Expense
The "Garuda Scheme for Funeral Expenses" aims to provide financial assistance for funeral expenses of a deceased Brahmin in their family, where the family has no other means to meet the same. This scheme covers Andhra Pradesh all 13 districts, to meet the funeral expenses of the deceased Brahmi.
Incentive For The Intra Caste Marriage within Scheduled Tribe Community
The scheme "Incentive for Intra Caste Marriage within the Scheduled Tribe Community" was launched by the Tribal Welfare Department, Government of Karnataka. The scheme provides an incentive of ₹2,00,000/- to couples who are both from the Scheduled Tribe community but belong to different sub-caste.
Mukhyamantri Shramik Aujaar Sahayata Yojana
The Labor Department of Chhattisgarh launched this scheme on October 1, 2010, under the "Building and Construction Workers Welfare Board." Tool kits are distributed to construction workers on an annual basis as part of this initiative.
Self-Employment loan scheme for Minority Widows, Divorcees / Abandoned Women
The scheme aims to provide self-employment loans to women from minority communities. Financial assistance with a 20% subsidy is provided to widows, divorced women, and abandoned women from minority communities. The scheme is implemented by the KSMDFC.