What Is SWAYAM Scheme?
The SWAYAM scheme, referred to as Swathantra Yuva Udyami, has been recently launched by the Chief Minister of Odisha, Naveen Patnaik. The main objective of this initiative is to offer financial support to ration cardholders and provide interest-free loans to unemployed youth. The scheme primarily targets rural areas and aims to provide interest-free bank loans of up to Rs 1 lakh to unemployed individuals and young entrepreneurs. The SWAYAM scheme also includes a provision to distribute Rs 1,000 livelihood assistance to families receiving benefits under the Public Distribution System (PDS). To know more about the SWAYAM scheme, one can find detailed information regarding eligibility, benefits, and other relevant
Who is eligible to apply for the SWAYAM Scheme?
Residents of Odisha state aged 18 to 35, who hold a ration card, can apply for interest-free bank loans under the SWAYAM Scheme. The program is aimed at unemployed youth and aspiring entrepreneurs within the specified age group, who want to start or expand their business ventures.
Note: Applicants must not have previously obtained loans from other central and state government schemes.
How can one apply for the SWAYAM Scheme?
If eligible, individuals can visit the SWAYAM Scheme portal of the Odisha government and complete the online registration process by providing basic details and required documents.
What are the benefits of the SWAYAM Scheme?
- The government provides Rs. 1,000 as livelihood assistance to families who are beneficiaries of the Public Distribution System (PDS).
- 1 lakh qualified individuals between the ages of 18 and 35 residing in rural and urban areas will receive interest-free loans of up to Rs. 1 lakh to initiate their business
