SVAYEM Scheme Assam 2020 – Eligibility Criteria & Application Form: 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.
SVAYEM Scheme for Assam Youth Empowerment
Under this renewed SVAYEM Scheme, Govt. will provide Rs. 50,000 each to 2 lakh youth to encourage entrepreneurship. All the interested candidates can fill Assam SVAYEM Scheme online application / registration form.
SVAYEM Scheme 2020 Details
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Name of Scheme: Swami Vivekananda Assam Youth Empowerment (SVAYEM) Scheme
Launched by: Govt. of Assam
Implemented By: Dept. of Finance, Govt. of Assam
Amount: Rs. 50,000/- per youth
Launch Date: 16th September 2020
Category: Govt Schemes
Objective: To promote entrepreneurship among the educated youths
No of beneficiaries: 2 lakh
Application Mode: Online
Earlier, this scheme was initiated and managed by Dept. of Industries & Commerce, Assam; but this year (2020), the said scheme will be implemented by State Finance dept., Govt. of Assam with the help of other nodal agencies.
Initial terms and conditions of this scheme was different under this scheme; but this year the entire scheme has been rejuvenated to meet the current situation and needs of the society.
Objectives of SVAYEM Scheme 2020
- 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 enhancement of income level of traditional artisans ensuring sustainable growth.
https://www.youtube.com/watch?v=Pq_h2FHNHmQ
List of activity under SVAYEM Scheme 2020
Nature of activities:
- Manufacturing
- Processing
- Service Sector
- Trading
- Rural Transport Service (Auto Rickshaw, e-Rickshaw)
- Tourism
- Shops, repairing Centres, Handicraft, Cottage Industries etc.
Negative list of activities:
- Manufacturing of intoxicant items
- Beedi, Panmasala, Cigarette, etc.
- Sales outlet of Liquor
- Plastic bags below 40 microns
Eligibility Criteria for SVAYEM Scheme 2020
All the applicants must fulfill the below mentioned criteria to become eligible for the SVAYEM Scheme Assam:-
a) Applicant must be a permanent resident of Assam state.
b) The age of the applicant must be less than 40 years.
c) He / She must have passed matriculation.
d) The applicant should be a part of the existing Self Help Groups, Joint Liability Groups etc. before 1 September 2020.
Benefits under SVAYEM Scheme 2020
- Rs. 50 thousand will be provided as a seed money to each individual under the renewed Swami Vivekananda Assam Youth Empowerment (SVAYEM) Yojana.
- While the groups with five members (Rs 50,000 per head) would be entitled for Rs 2.5 lakh, groups with 10 members would be entitled for Rs 5 lakh and so on with the maximum limit for members being 20.
- The total budget of the scheme is Rs. 1000 crore which will be given entirely from government funding. The beneficiaries would include all members of self help groups, joint liability groups and other such groups and federations that have organised themselves for entrepreneurial projects.
SVAYEM Scheme 2020 Online Form
In the SVAYEM Scheme Assam, groups looking for of the scheme will be able to register themselves at a new portal. The new online portal for filling the SVAYEM Scheme Assam online application / registration form will be launched on 16 September 2020.
Whom to contact (implementation agency at the state/district level)
All Public Sector, Private Sector and Regional Rural Banks provide financial assistance under this SVAYEM Scheme. The quantum loan for new entrepreneurs is Rs. 1 lakh and for existing entrepreneurs – Rs. 2 lakh.
Supporting documents to apply for SVAYAM scheme are below for reference:
- SVAYAM Application Form
- Applicant should submit a project or scheme report for the proposed project (Report should contain details of technical and economic viability)
- Identity Proof (Voter’s ID card, Driving License, PAN Card, Aadhaar Card and Passport)
- Proof for Qualification of VII Standard
- Age Proof
- Experience certificate if applicable
- Skill Development Trainee certificate if applicable
- Residence Proof
- Nation food security card if applicable
- Copy of business licence
- Copy of business registration certificate
- Ownership identity documents
How to apply for SVAYEM Scheme 2020?
- The applicant should fill the application form for SVAYAM scheme
- Submit the application form along with all supporting documents to the district office.
- General Manager, DICC will scrutinize the application and forward to the District Level Committee (DLC) for approval.
- DLC will examine the application for the loan and recommend to the corresponding bank
- Bank will appraise the project both technically and economically, with the approved project cost of DICC.
- Bank will issue sanction within 30 days according to the proposal.
- After deposit of promoter contribution by the applicant and receipt of subsidy claim, the loan will be released to the beneficiary within 5 days.
Important web Links of SVAYEM Scheme 2020
SVAYEM Scheme Application Form: Click Here.
SVAYEM Scheme 2020 Notification: Coming Soon .
SVAYEM Scheme 2017 Notification: Click Here .
Official Website: Click Here .
