[Apply] SVAYEM Scheme 2022: Swami Vivekananda Assam Youth

Author:


SVAYEM Scheme Application form online | Swami Vivekananda Assam Youth Empowerment Scheme

The scheme is aimed at empowering the youth of the Assam state through employment generating actions. The scheme proposes to profit the youth and ease the enterprise in the state. SVAYEM scheme applies to all the districts of Assam and will profit about 2 lakh youth. It is an outdated scheme of the government, redesigned once more as RE-SVAYAM. Currently, the government updated the scheme on January 23, 2021.

The Assam government has launched this flagship scheme once more to enhance the shortcomings of the earlier implementation. The scheme is now value INR 1000 crore. In this article, we will talk about the Swami Vivekananda Assam Youth Empowerment Scheme, the registration process and in-depth details of the scheme, including targets, eligibility and additional advantages related with the scheme. Read the article fully to get extra info about the process.

SVAYEM-registration

Swami Vivekananda Assam Youth Empowerment Scheme

The Scheme was launched by the government of Assam. Officially, it was declared for the first time on February 7th, 2017 in the budget speech of the finance minister of Assam. Now, the scheme has reached a important proportion of the inhabitants. Many beneficiaries have been included in the scheme however nonetheless, a main portion stays past the attain.

Thus, to embody all such folks, the scheme has been re-designed and launched once more on January 20, 2021, to create a more business-supporting setting. Also, the scheme now includes both people and teams to take on new actions. The emphasis had been given upon increasing the current enterprises.

MGNREGA कार्ड सूची

The scheme has a goal to make use of the younger entrepreneurs and enterprise doers of the state. According to the district, the number of beneficiaries eligible for the scheme will be saved proportionate to the inhabitants of the district. It will embody 2 lakh youth members of totally different teams. In the first part of the scheme implementation, about 1000 younger people from every LAC are to be chosen.

SVAYEM Scheme Overview

Article Category Scholarship
Name of the Scholarship Swami Vivekananda Assam Youth Empowerment Scheme
Scheme launched by Assam Government
Implemented by Department of Industries and Commerce
Re-launched on twentieth January 2021
Level State-level
Objective Employment era
Beneficiaries 2 lakh Assam Youth
Scheme quantity INR 1000 crore
Launched on February 2017
Financial Assistance INR 50,000/ individual
Online registration begins from to be notified
Official website assam.gov.in

Implementing Agencies

  • Apex Committee at State Level
  • Implementation Cell at the State degree
  • District Level Consultative and implementation committee (DLCIC)
  • Public, Private, Rural banks as the nodal and financing banks

Objectives of SVAYEM

The imaginative and prescient is to create new companies which will additional generate more employment by creating clusters of manufacturing centres. As we now know a bit better about the scheme and the imaginative and prescient of the government. Now, allow us to perceive the goal of the Swami Vivekananda Assam Youth Empowerment Scheme.

  • The fundamental goal is to make use of younger folks into companies by offering ‘seed money’ to start new companies in the state.
  • To embody all the youth from the city and the rural areas of the state.
  • Promote the improvement of new small and massive companies in the state, thus favouring the economic system of the state.
  • Help people and teams by supporting their enterprise financially.
  • Equip folks to start a new enterprise or make investments into massive and small companies in manufacturing, buying and selling and service.
  • Allow folks to take part in buying and selling and enterprise areas which will consequently uplift the manufacturing sector.
  • To increase the focus in the rural economic system and give desire to Rural industries, rural artisans, agriculture and allied sectors.
  • Enhancing the income era of the small artisans of the states, thus guaranteeing the sustainable growth of these sectors.

PM Kisan Scheme Registration Link

SVAYEM Scheme Implementation process

SVAYEM-PROCESS
  1. At first, all the application will be acquired through the official portal of the RE-SVAYEM.
  2. Every application acquired, will be inspected by the DLCIC (District Level Consultative and Implementation Committee) and accordingly, the beneficiaries will be chosen.
  3. Selected candidates have to bear a obligatory coaching program of 3-5 days under any recognized company, for example- Indian Institute of Entrepreneurship (IIE).
  4. Post-Completion of coaching a ‘Training Allowance’ will be offered.
  5. After this, the first instalment will be released only for the beneficiaries who attended the coaching. The quantity will be offered straight into the checking account of the beneficiary.
  6. Finally, after three months, the beneficiary has to submit an Activity Report to the DLCIC. The report will decide the additional allocation of funds and launch of the second instalment of the scheme.

Activities for funds allocation under SVAYEM

Other than these, Agriculture and allied sectors, meals processing industries, electrical retailers, mobile recharge, Tent homes have also been included in the actions eligible for the beneficiaries under the scheme. In addition to this, MSMEs and service industries have also been included in the scheme.

Items banned for fund allocation under SVAYEM

  • Manufacturing of Intoxicant objects
  • Liquor
  • Tobacco-related merchandise
  • Plastic luggage below 40 microns

Assam Arundhati Gold Scheme

Eligibility Criteria

If you are somebody under these teams or else, you would undoubtedly need to profit from the scheme. Therefore, before applying, the aspirants are requested to kindly read the eligibility criteria. Check whether or not you match into the criteria and then apply for the scheme. We have offered below, the criteria for the same. So, anybody who desires to avail the advantages of this scheme can check the eligibility and apply.

For Individuals

Age Eligibility He/ She should be more than 18 years of age
Residency Should be a everlasting resident of Assam state and at the moment residing in Assam.
Income Limit No bar
Educational Qualification The aspirant of the scheme should possess the minimum educational qualification of up to 7th commonplace
Skill Eligibility Skills, data and expertise in the associated enterprise. Preference in the selection of beneficiary will be given to the candidates possessing a certificate of Skill improvement coaching
Personal Status He/ She should not possess any defaulted mortgage (in case of a defaulted mortgage, the beneficiary will be barred for availing advantages of any government schemes. Also, the current availing mortgage may also be cancelled)
Other Specifications Should not be a PMEGP beneficiary within the last 5 years.

For Groups

Age Eligibility He/ She should be more than 18 years of age and not much less than 40 years (calculated from the date of application).
Residency Should be a everlasting resident of Assam state and at the moment residing in Assam.
Educational Qualification The aspirant of the scheme should possess the minimum educational qualification of tenth commonplace (High School).
Group Eligibility Joint-Liability Groups (JLGs), Self-Help Groups(SHGs), Cluster-level SPVs/ State Federations, Framer produce organizations (FPOs) shaped before September 2021
Group Members should be- 5 to 20
Account Related The group applying, should possess a group checking account. The account should be in a Scheduled Commercial/ Cooperative financial institution and individual financial institution accounts, all opened before 1 September 2021
Personal Status He/ She should not possess any defaulted mortgage (in case of a defaulted mortgage, the beneficiary will be barred for availing advantages of any government schemes and availing mortgage may also be cancelled)
Other Specifications Preference in the selection of beneficiary will be given to the candidates possessing expertise required for the specified enterprise enterprise.

In addition to this, applicants will also have to submit a brief profile of the enterprise they need to start/ uptake.

Benefits of SVAYEM scheme

The government has concluded the contributing quantity of INR 50,000 will be offered to every beneficiary of the scheme. A complete of 1000 crores has been authorized for the scheme by the government. All of the financial help for the scheme has been disbursed accordingly. The scheme guarantees:

  • A profit of INR 1 lakh to new entrepreneurs
  • Provision of subsidy of INR 20,000 for new entrepreneurs (20%)
  • A profit of INR 2 lakh for current entrepreneurs
  • Provision of subsidy of INR 40,000 for new entrepreneurs (20%)
  • Monetary assist and SVAYEM loans will be offered by the public, personal and rural banks

Specifications for banking help

  • The beneficiary of the scheme has to give 25% of the whole cost of the venture after the SVAYEM mortgage is sanctioned (for example- for a mortgage quantity of INR 1 lakh, INR 25,000 have to be given to the financial institution)
  • The quantity of cash granted by the financial institution, to the beneficiary will be only 55% of the sustained cost of the venture. (for example- INR 55,000 will be offered by the financial institution for the SVAYEM mortgage quantity of INR 1 lakh.
  • Also, for capital expenditure (fastened and working), help will be offered by the financial institution in form of SVAYEM loans.
  • The SVAYEM mortgage quantity will be released by the financial institution after claiming the subsidy quantity. The nodal financial institution will launch the subsidy to the financing financial institution.
  • Time to repay the mortgage quantity will be 3 to 7 years, according to the involved financial institution.
  • Hypothecation is allowed for fastened property like Machinery, vegetation, and many others. and current property like uncooked materials, furnished and unfurnished merchandise.
  • Liquid funds will not be saved as safety.

Interest charges for the SVAYEM loans will be as per the RBI pointers for MSE models.

Documents Required

Aspirants who fulfil all the important criteria set up by the government will be in a position to lastly apply for the scheme. Similarly, like other schemes, there are some important documents to be thought of for availing the advantages of the scheme. We have enlisted all these documents below, to make your application process hassle-free. The documents you will need to apply are:

  1. Proof of Age
  2. ID Proof (Aadhar card, voter ID, driving license, and many others.)
  3. Residential Proof
  4. Proof of Educational Qualification
  5. Certificate showcasing your Experience
  6. Proof of Business Ownership
  7. Business License
  8. Certificate of Business Registration
  9. National Food Security card
  10. Certificate of any coaching of Skill Development (if relevant)
  11. Assam Ration Card

Registration process for Swami Vivekananda Assam Youth Empowerment Scheme?

If you have all the important documents, then you are good to go applying for the scheme. Here, we will talk about the application procedure for the Swami Vivekananda Assam Youth Empowerment Scheme. Aspirants who need to apply therefore turning into a beneficiary of the scheme can follow the steps given below:

  • Visit the official portal of SVAYEM. The portal will look like one proven below. Click on the tab displaying ‘New Registration’
(*3*)
  • As you click on the tab, you will be redirected to another page where you have to fill in the group title along with a legitimate mobile number. You need to generate an OTP for the number.
SVAYEM-group-name
  • Enter the OTP, despatched to your mobile number.
SVAYEM-enter-OTP
  • Now, you will be required to create a password for your profile. Create a password including the character, alphabets and numbers. Click on ‘Submit’.
SVAYAM-create-password
  • The page will present your profitable registration. Click, on the tab displaying ‘Login’.
  • You will be redirected to the homepage of the portal, where you need to Login now and go on with filling the application form. Fill in all the details and your application is done!
Swami-Vivekananda-Assam-youth Empowerment-Scheme-login

For extra steps, you can refer to the person handbook linked below. Read the doc fastidiously to know the additional steps of application.

Important links

FAQs

What is Swami Vivekananda Assam Youth Empowerment Scheme?

SVAYEM is a scheme by the government of Assam. It is a common scheme for the youth of Assam, into a enterprise. The scheme goals to make use of people from rural areas as well as city areas. In addition to this, the scheme also promotes group companies and small companies.

How can I register for Swami Vivekananda Assam Youth Empowerment Scheme?

All the aspirant who desires to register for the scheme can do so by visiting the official portal of the scheme. You can follow the steps mentioned in the article to complete the whole application process.

What is the full form of SVAYEM?

Swami Vivekananda Assam Youth Empowerment Scheme

How to apply for SVAYEM scheme?

The candidates in applying for the scheme can do so by through the official portal of RE-SVAYEM. Aspirants will have to log in and complete the filling up the application form.

Who launched SVAYEM Scheme?

The scheme has been launched by Mr. Himanta Biswa, the finance minister of Assam state.

What is the cost of the Swami Vivekananda Assam Youth Empowerment Scheme?

The SVAYEM scheme has been launched once more with a budget of INR 1000 crore.

Which teams are eligible for the SVAYEM Scheme?

The teams eligible for the SVAYEM scheme are: (JLGs), (SHGs), Cluster-level SPVs/ State Federations, (FPOs).

How many group members will be included in the SVAYEM scheme?

The scheme will embody 2 lakh youth members of totally different teams.

Which objects are banned for manufacturing under the SVAYEM Scheme?

The scheme bans the manufacturing of Intoxicant objects, Liquor, Tobacco merchandise and also the plastic luggage (much less than 40 microns).

What is the rate of interest for SVAYEM scheme?

Interest charges for the SVAYEM loans are according to the RBI pointers for MSE models.

What is ‘seed money’?

It is the ‘seed money’ the preliminary quantity to be offered to start new companies subsequently creating more companies in the state.



thank you for visiting

Leave a Reply

Your email address will not be published.