The Government approved the Chief Minister’s Startup Scheme(CMSS) Sikkim on August 15, 2017, to encourage local unemployed youth. College graduates establish new entrepreneurial projects and self-employment possibilities in rural and urban areas of Sikkim. The Sikkim Startup India scheme plans to start businesses in the industrial and service sectors, such as farming, horticulture, food processing, animal husbandry, handloom, handicrafts, and so on. Also, for financially viable/bankable projects with a total expenditure amounting to INR. 20 lakhs, the scheme offers financial support as 25% of the project cost.
What are the Benefits of the Chief Minister’s Startup Scheme(CMSS) Sikkim?
- The CMSS scheme is open to startup projects in the manufacturing or service sectors. Farming, horticulture, food processing, animal husbandry, handloom and handicrafts, with a cumulative project cost of Rs. 20 lakhs.
- Acceptable financial assistance as promoter’s financial contribution is up to 25%. The approved bankable project cost for a bankable project that has been approved by any PSU financial institution or PSU bank.
- The promoter’s contribution of financial support under CMSS for other non-manufacturing sector projects remains at 25% of the accepted project cost.
- For non-manufacturing, CMSS shall admit an amount of 35 per cent of the approved bankable project cost.
What are the Eligibility Criteria for Chief Minister’s Startup Scheme(CMSS) Sikkim?
- The applicant must be between 15 to 40 years of age. Chief Minister’s Startup Schemes Sikkim
- The applicant must be jobless and hold a class V educational qualification from a recognised board.
- The applicant must be a bona fide resident of Sikkim.
- In a household, only one member can avail of the benefits.
- Applicants belonging to rural and BPL families shall be given priority.
What are the Documents Needed for the Chief Minister’s Startup Scheme(CMSS) Sikkim?
- BPL certificate issued by DESME (if applicable)
- Photographs of the applicant’s
- Copy of Birth Certificate.
- Address proof.
- Project Report/Business Plan
- Copy of valid Employment Card issued by BAC.
- Copy of Sikkim Subject Certificate/ Certificate of Identification.
- Attested copy of mark sheet and certificate that is issued by Board/ University.
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How to apply for the Chief Minister’s Startup Scheme(CMSS) Sikkim?
Visit the following website to download the application form for the scheme