SVAYEM Scheme Assam with Eligibility and Application Form

SVAYEM Scheme Assam with Eligibility and Application Form – Swami Vivekananda Assam Youth Empowerment (SVAYEM) Yojana announced by the Hon’ble Finance Minister of Assam in his budget speech on 7th February 2017, is a flagship program to provide financial support to the youths of Assam to take up income-generating activities in the manufacturing, trading and service sector.

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 the Assam SVAYEM Scheme online application/registration form.

SVAYEM Scheme Assam

Details of SVAYEM Scheme Assam with Eligibility and Application Form

Department NameSVAYEM Scheme
Implemented ByDept. of Finance, Govt. of Assam
EligibilityAll Categories
Launched byGovt. of Assam
 AmountRs. 50,000/- per youth
No of beneficiaries2 lakh
Session2020-21
Launch Date07th October 2020
Application ModeOnline
Official WebsiteClick here
Application FormClick here
Study MaterialsClick here
See Also More JobsClick Here
WhatsApp Groups LinkNEGJ

Eligibility of SVAYEM Scheme Assam

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 enhancement of income level of traditional artisans ensuring sustainable growth.

Area of implementation

  • All districts of Assam including autonomous district councils

Coverage and targeted group

  • About One lakh youth of Assam will be provided suitable credit support for taking up income-generating enterprises.
  • The number of beneficiaries will be selected in a district in proportion to the population.

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 of SVAYEM Scheme

  • 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 the 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.

Benefits under SVAYEM Scheme Assam

  1. Rs. 50 thousand will be provided as seed money to each individual under the renewed Swami Vivekananda Assam Youth Empowerment (SVAYEM) Yojana.
  2. While the groups with five members (Rs 50,000 per head) would be entitled to Rs 2.5 lakh, groups with 10 members would be entitled to Rs 5 lakh, and so on with the maximum limit for members being 20.
  3. The total budget for 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 organized themselves for entrepreneurial projects.

Interest rate and repayment schedule

  • Interest rates are to be charged by the bank as per RBI guidelines for MSE units.
  • The repayment schedule may range between 3 to 7 years after an initial moratorium as may be prescribed by the bank/Financial Institution concerned.

Processing fees

  • There will be no processing fees for the applicant.

SVAYEM Scheme Assam Online Form

In the SVAYEM Scheme Assam, groups looking for 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 7th October 30th September 2020.

Steps to apply for SVAYEM Scheme

Step 1: Scroll down, go to Important web Links

Step 2: Click on “SVAYEM Scheme Assam 2020 Online Application”

Step 3: SVAYEM Scheme Assam 2020 Portal will be opened

Step 4: Open the online application form and fill the all details.

Step 5: Submit the form along with all necessary documents online.

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