Odisha Chief Minister, Naveen Patnaik, has recently launched the SWAYAM scheme, an initiative aimed at providing financial assistance to ration cardholders and extending interest-free loans to unemployed youth. This scheme, focusing on rural areas, offers interest-free bank loans up to Rs 1 lakh to young entrepreneurs and unemployed individuals. Here full details of the SWAYAM scheme, check eligibility, benefits and other details.
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What Is SWAYAM Scheme?
The SWAYAM Scheme, officially known as Swathantra Yuva Udyami, entails interest-free loans of up to Rs 1 lakh to empower the youth in Odisha and also Rs.1,000 livelihood assistance will be distributed to PDS beneficiary families.
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Who Can Apply For SWAYAM Scheme?
Young individuals aged 18 to 35 residents of Odisha state, must be a ration card holder to apply for interest-free bank loans under SWAYAM. The initiative caters to those unemployed youths or aspiring entrepreneurs who fall within the specified age group and wish to initiate or expand their business ventures.
Note: Applicants should not have previously rasied loans from other central and state government schemes.
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How To Apply For SWAYAM Scheme?
Eligible indivudal can visit government of Odisha’s SWAYAM scheme portal, with bsic details and necessary documents one can complete the registration online.
Benefits of SWAYAM Scheme
– Under this scheme government provides Rs.1,000 as livelihood assistance to PDS beneficiary families.
– 1 lakh qualified individuals from both rural and urban areas, aged 18 to 35 years, will receive interest-free loans of up to Rs.1 lakh to start their business.
