Swayam Scheme 2024, Eligibility, Registration and Benefits
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.
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.
To be eligible for the Swayam Scheme, applicants must:
Prospective applicants can apply for the Swayam Scheme through the following steps:
Eligible residents of Odisha can apply through the scheme's official website.
Apart from receiving a loan up to Rs. 1 lakh interest-free, eligible candidates are also provided with a Rs. 1,000 livelihood assistance
The scheme is open to unemployed youth aged 18 to 35 years who are residents of Odisha and hold a ration card
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