Swayam Scheme 2024, Eligibility, Registration and Benefits

Swayam Yojana Odisha 2024

The Swayam Scheme, introduced by the Odisha government, is a strategic initiative aimed at fostering entrepreneurship among the youth of the state. Known as Swatantra Yuva Udyami, the scheme provides an array of financial supports, including interest-free bank loans of up to Rs. 1 lakh, to encourage young individuals to embark on entrepreneurial ventures.

Objectives of Swayam Yojana Odisha

The primary goal of Swayam Yojana is to stimulate youth entrepreneurship, thereby contributing to economic growth and self-reliance among Odisha’s young population. The initiative seeks to empower the youth by providing them with the means to start their business ventures, thus addressing unemployment and promoting economic activity within the state.

Swayam Scheme 2024, Eligibility

To be eligible for the Swayam Scheme, applicants must:

Be residents of Odisha.
Hold a ration card, with the age bracket for applicants set between 18 to 35 years. However, Scheduled Tribe candidates can apply up to the age of 40 years.
Note that government employees are not eligible to apply for the scheme.

Swayam Scheme 2024, Registration Process

Prospective applicants can apply for the Swayam Scheme through the following steps:

Visit the official website: https://swayam.gov.in/
Click on the “Apply Online” option.
Fill in the application with personal details such as name, address, mobile number, Aadhar card number, Ration Card Number, and PAN Card No.
Upload the necessary documents.
Submit the application.

Swayam Scheme 2024, Benefits

Financial Aid: The scheme offers Rs 1000 as financial assistance to ration card holders, aiding families in their livelihood.
Interest-Free Loan: Eligible youth can avail of a loan up to Rs 1 lakh for starting or expanding business ventures, and fostering entrepreneurship within the state.
Expansion Loan: Existing young entrepreneurs looking to expand their businesses can also apply for loans under this scheme.

FAQs

How to apply in Swayam Scheme 2024?

Eligible residents of Odisha can apply through the scheme's official website.

What are the benefits of Swayam Scheme 2024?

Apart from receiving a loan up to Rs. 1 lakh interest-free, eligible candidates are also provided with a Rs. 1,000 livelihood assistance

What are the eligibility criteria of Swayam Scheme 2024?

The scheme is open to unemployed youth aged 18 to 35 years who are residents of Odisha and hold a ration card

Sumit Arora

As a team lead and current affairs writer at Adda247, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.