Swami Vivekananda Assam Youth Empowerment (SVAYEM) Yojana announced by the Hon’ble Finance Minister of Assam in his budget speech on 7th February, 2017, is a flagship program to provide financial support to the youths of Assam to take up income generating activities in the manufacturing, trading and service sector.
Under this renewed SVAYEM Scheme, Goverment will provide Rs. 50,000 each to 2 lakh youth to encourage entrepreneurship.
Highlight of SVAYEM Scheme 2020 :
Scheme Name : Swami Vivekananda Assam Youth Empowerment (SVAYEM) Scheme
Launch Date: 16th September 2020
Total No of beneficiaries: 2 lakh
Launched by: Goverment of Assam
Amount: Rs. 50,000/- per youth
Objectives of SVAYEM Scheme :
a. To generate employment opportunities in rural as well as urban areas through setting up of new ventures as well as growing existing ventures.
b. To provide financial assistance to micro and small business entities engaged in the manufacturing, trading and services sector.
c. To provide financial assistance for enhancement of income level of traditional artisans ensuring sustainable growth.
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Area of implementation
All districts of Assam including autonomous district councils
Nature of activities:
a. Manufacturing
b. Processing
c. Service Sect
d. Trading
e. Rural Transport Service (Auto Rickshaw, e-Rickshaw)
f. Tourism
g. Shops, repairing Centres, Handicraft, Cottage Industries etc.
Negative list of activities
a. Manufacturing of intoxicant items
b. Beedi, Panmasala, Cigarette, etc.
c. Sales outlet of Liquor
d. Plastic bags below 40 microns
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Eligibility criteria for the beneficiary
a. Residents of Assam above 18 years of age.
b. There will be no income ceiling for getting assistance under this scheme.
c.The age of the applicant must be less than 40 years.
d.The applicant should be a part of the existing Self Help Groups, Joint Liability Groups etc. before 1 September 2020.
e.He / She must have passed matriculation.
For more Information visit the Official site
Benefits under SVAYEM Scheme 2020
a.Rs. 50 thousand will be provided as a seed money to each individual under the renewed Swami Vivekananda Assam Youth Empowerment (SVAYEM) Yojana.
b.While the groups with five members (Rs 50,000 per head) would be entitled for Rs 2.5 lakh, groups with 10 members would be entitled for Rs 5 lakh and so on with the maximum limit for members being 20.
c.The total budget of the scheme is Rs. 1000 crore which will be given entirely from government funding. The beneficiaries would include all members of self help groups, joint liability groups and other such groups and federations that have organised themselves for entrepreneurial projects.
Online Form for SVAYEM Scheme 2020
The new online portal for filling the SVAYEM Scheme Assam online application / registration form will be launched on 16 September 2020.
