Author: Ashish James

Categories
Loan Schemes

Swami Vivekananda Assam Youth Empowerment

The government of Assam launched Swami Vivekananda Assam Youth Empowerment (SVAYEM) Yojana in the year 2017. Under the SVAYEM scheme, the government provides monetary support to Assam’s young people to take up revenue activities in the trade, manufacturing, and service sectors. However, SVAYEM’s main vision is to develop job opportunities for young people through the establishment of new enterprises and the growth of existing business units.

Highlights of the SVAYEM Scheme:
  • The Swami Vivekananda Assam Youth Empowerment scheme would boost the income level of traditional artisans of Assam by providing financial credits to eligible applicants. 
  • SVAYEM provides financial assistance to micro, small and medium enterprises in Assam. However, the MSME should be engaged in the manufacturing, trading, and services sectors.
  • The scheme targets to generate employment for the eligible youth in rural and urban areas of Assam through the setting up of new ventures and growing existing ventures. 
  • Manufacturing, Trading, Processing, Rural Transport Services such as Auto Rickshaw, e-Rickshaw, Service Sector, Tourism, Shops, repairing Centres, Handicrafts, and Cottage Industry units are eligible for the SVAYEM scheme. 
  • About 1 lakh youths in Assam will be provided adequate financial support for taking up income-generating enterprises.
What are the Eligibility Criteria for the SVAYEM Scheme?
  • The age of the applicant must be above 18 years.
  • The applicant must have no source of income to avail of the benefit of this SVAYEM scheme.
  • The applicant must be a resident of Assam
  • Every applicant must have relevant skills, experience, and knowledge to undertake the income-generating activities, under the scheme. 
  • The education qualification of the applicant should be at least above class VII. 
  • The applicant who has already completed Skill Development Training will be given more preference.
  • The applicant should not be a defaulter in any bank in the country. 
What are the Documents Needed for the SVAYEM Scheme?
  • SVAYAM Application Form
  • Project Report/Business Plan
  • Identity Proof of the Applicant.  
  • Certificate of Class 7th qualification. 
  • Age Proof of the applicant. 
  • Skill Development/Trainee certificate, if applicable
  • Copy of business license
  • Proof of residence. 
  • Copy of business registration certificate
  • Ownership identity documents
  • Certificate of experience, if any. 

In the above list, a Business plan also known as a project report is a crucial document when applying for a bank loan. The bank uses this document to analyze the overall feasibility, risks, financial viability, and potential of a project. A well-crafted and convincing project report increases the chances of loan approval. With Finline you can craft a compelling project report in less than 10 minutes. That too in your language. Also. all public and private sector banks working in India accept our project report. Click to create your project report.

How to apply for the SVAYEM Scheme?

Visit the following website to learn more about the application form to avail of benefits under the SVAYEM scheme. 

Categories
Loan Schemes

Mukhyamantri Yuva Swarozgar Yojana, U.P

Mukhyamantri Yuva Swarozgar Yojana, U.P

It is accurate to say that the employment rate cannot keep up with the population’s exponential growth. There is a sizable population of educated but jobless youth. Some are aspirational and strongly desire to launch their own company.

The state government of Uttar Pradesh has announced the Mukhyamantri Yuva Saroja yojana to increase the opportunities for self-employment for the educated but unemployed youth of the state. As a result, the NIC upstate centre has created a web portal with end-to-end computerization to offer a centralized platform for the program’s application, disposal, and real-time monitoring.

The Mukhyamantri Yuva Swarojgar Yojana was made public by Uttar Pradesh to give the state’s educated but jobless youth employment opportunities.

Objective 

this loan scheme can be taken without collateral security to encourage entrepreneurship in Uttar Pradesh. Implementing agencies: Department of Commerce, industries, and employment for urban areas and panchayat and rural development department for rural areas.

Features 
  • To provide an educated unemployed youth with a means of support, whether for himself or his family.
  • According to the government’s guidelines, the interest rate will vary depending on the loan amount.
  • The U.P. state unemployment rate will go down thanks to this plan.
  • Projects costing less than 4 lakh do not require collateral security.
Launch of mukhyamantri yuva swarojgar yojana

The Mukhyamantri Yuva Swarozgar Yojana program has been launched by Uttar Pradesh’s government to increase self-employment opportunities for the state’s educated but unemployed youth. A web portal with end-to-end computerization has been created by the NIC up-state centre to provide a single window system for applying, disposing of, and real-time monitoring of the scheme. In the presence of Sri Navneet Sehgal, IAS, principal secretary, MSME & export promotion, up, and Shri Govindaraju N.S, IAS, commissioner and director, directorate of industries, Chaudhary Udaybhan Singh, hon’ble minister of state, MSME & export promotion, group, officially launched the portal on February 19, 2020, in Lucknow.

Eligibility
  1. The candidate must be an Indian national and an occupant of Uttar Pradesh with legal status.
  2. The applicant must be between the ages of 18 and 40.
  3. Both the public and the private sector should be assigned to the candidate.
  4. The applicant should have yet to obtain a loan from another bank.
  5. The applicant should not be a recipient of any other government employment program.
  6.  The applicants must have a bank account connected to their mobile number.
  7. The applicant must not have a history of financial default with another bank or organization.
  8. The applicant’s minimum educational requirement is a high school diploma or an equivalent.
Who is going to gain from the plan?

Men and women who fall under the scheduled castes, scheduled tribes, other backward classes, and general categories will profit from this program. The two sectors of the Mukhyamantri Yuva Swarojgar Yojana are the industrial and service sectors. The maximum loan amount is 25 lacs for the industrial sector and ten lacs for the service sector. Therefore, 25% of the total loan is the margin money required for these two industries.

Benefits of the Yojana 
  • This program is available to Uttar Pradesh’s educated youth.
  • Under MYSY U.P., women from scheduled castes and scheduled tribes will receive reservations.
  • Benefits will be provided to the 21% of unemployed scheduled castes and scheduled tribes.
  • According to this plan, many people will be employed if an individual establishes their industry.
  • Following loan approval, the government will prioritize those working on cost-effective (lower-cost) units.
  • The young person will receive a loan of rs. 25 lakh to launch an industry-related business and a loan of rs. 10 lakh to launch a service-related business.
Subsidy provided 

The U.P government will offer a maximum loan amount of 25 lakhs for the establishment of industry, up to 10 lakhs for any business services, and up to 2 lakhs for small businesses under the Mukhyamantri Yuva Swarozgar Yojana.

Industrial sectors covered under this scheme
  • Food processing industries
  • Agricultural industries 
  • Textile sector 
  • Automobile sector
  • Healthcare 
  • Banking insurance and finance sector
  • Construction activities 
  • Telecommunication and electronics 
  • Transportation and logistics 
  • Retail businesses 
  • Sports & physical education
  • Tourism and hospitality 
  • Beauty and wellness industries
Documents required 
  • Educational qualification certificate
  • Aadhar card 
  • Pan card 
  • Resident certificate
  • Passport size photo 
  • Income certificate 
  • BPL card
  • Mobile number 
  • Project report /business plan
  • Age certificate
  • Caste certificate
How to apply?
  1. Check out diupmsme.upsdc.gov.in.
  2. From the drop-down menu, click login and select applicant login.
  3. Click on the new user 
  4. Enter the information as prompted.
  5. Press the submit button.
Conclusion

The Chief Minister Yuva Swarozgar Yojana was established by Chief Minister Yogi Adityanath to address the issue of educated youth unemployment in the state and to put the state’s skilled and hardworking youth on their feet. This program’s primary goal is to give young people self-employment opportunities.

Where to apply for Mukhyamantri Yuva Swarozgar Yojana, U.P?

Visit the following website to register for the Mukhyamantri Yuva Swarozgar Yojana, U.P

About Finline!

Finline is an online platform for creating financial reports for getting bank loans and investments. It’s like ‘Canva’ but for financials. If you are an entrepreneur looking for a bank loan, you need to have a well-crafted project report. We, at Finline help you with that. Our team will help you create a powerful business plan in ten minutes. That too in your language. All public and private sector banks working in India accept our reports.  Click to create your report.

Categories
Loan Schemes

Mukhyamantri Swavalamban Yojana, H.P

There is a lack of sufficient jobs in all of the industries, irrespective of the government or private sector. This is why there is a great need to encourage self-employment. Taking a step, the state government of Himachal Pradesh has announced a new scheme for the youth of the state. This project will not only explore the possibilities of self-employment. It will also encourage the unemployed youth of the state to set up their enterprises under the categories of Micro, small or medium capacity. 

What are the Benefits of the Mukhyamantri Swavalamban Yojana, H.P.Scheme?
  • Encouraging Youth – The main benefit of this scheme is to motivate the youth for self-employment and show interest in starting their own business.
  • Reduce job Shortage – With the implementation of this project, the problems of job shortage in the state will be eliminated. They shall be able to start their own business instead of roaming in search of jobs. They can also become employable employers.
  • Government Land for Rent – If a self-employed person wants land, he can take the help of the government for this. If it gets approval from the HP government and wants to take government land as rent, then the state government will charge only 1% of the actual rate of that land.
  • Reduction in Stamp Duty – To motivate the youth to participate more and more in the self-employment scheme, the government will also reduce the number of stamps to be filled by them. If you want to buy any land under this project, you will have to pay a stamp duty of up to 3% instead of 6%.
Subsidy Rate:
Category Subsidy Rate

Women 30%

Widow 35%

Other 25%

What are the Eligibility Criteria for Mukhyamantri Swavalamban Yojana, H.P.?
  • The candidate has to be a resident of Himachal Pradesh.
  • Applicant must be 18-45 years of age.
What are the Documents Needed for Mukhyamantri Swavalamban Yojana, H.P.?

In the above list, a Business plan also known as a project report is a crucial document when applying for a bank loan. The bank uses this document to analyze the overall feasibility, risks, financial viability, and potential of a project. A well-crafted and convincing project report increases the chances of loan approval. With Finline you can craft a compelling project report in less than 10 minutes. That too in your language. Also, our reports are accepted by all public and private sector banks working in India. Click to create your project report.

How to apply for Mukhyamantri Swavalamban Yojana, H.P.? 

Visit the following website to apply for the scheme:

Categories
Loan Schemes

Bihar Udyami Yojana

The Government of Bihar launched a new scheme named Udyami Yojana Bihar for the welfare of educated youth in the state. As a result, those educated yet unemployed young people who come from the SC/ST community will benefit from Udyamai Yojana. As a result of this scheme, Bihar’s youths will be provided with better job opportunities. The Scheme focuses on promoting the micro, small, and medium-scale (MSME) industries in the state. Similarly improving the employment ratio and providing better livelihood to the SC/ST youth through assistance in the form of incentives to set up new enterprises. 

What are the Benefits of Bihar Udyami Yojana?
  • This Udyami Yojana Bihar would include up to 5 lakhs of interest-free loans.
  • A concession of up to 50 per cent of the project cost would be granted.
  • Rs.25,000 for training and project monitoring will be provided by the government.
  • The scheme makes collateral security-free loans available.
  • It will give an incentive of up to Rs. 5 lakhs for 50 per cent of the project cost.
What are the Eligibility Criteria for Bihar Udyami Yojana?
  • The applicant should be a citizen of Bihar.
  • The applicant must belong to the SC/ST community.
  • Educational Qualification: The applicant must hold the intermediate, ITI, Polytechnic, or any other equivalent degree.
  • The age of the applicant must be 18 or above.
  • Entities such as proprietary businesses, partnership firms, or private limited companies should register as the company.
What are the Documents Required for the Bihar Udyami Yojana?
  • Photo of the applicant.
  • Application form.
  • Residence certificate of the applicant. 
  • Bank passbook details.
  • Project Report/Business Plan
  • Aadhar card.
  • Academic qualification certificate.
  • Birth certificate.
  • Income Certificate
  • Caste Certificate of the applicant
  • Ration card.

In the above list, Business plan also known as project report is a crucial document when applying for a bank loan. The bank uses this document to analyze the overall feasibility, risks, financial viability, and potential of a project. A well-crafted and convincing project report increases the chances of loan approval. With Finline you can craft a compelling project report in less than 10 minutes. That too in your language. Our reports are accepted by all public and private sector banks working in India. Click to create your project report.

How to apply: 

 The following website should be visited to apply for the Bihar Udyami Yojana