SVAYEM Scheme for Assam Youth Empowerment

Brief objective

Under the SVAYEM scheme, the Government provides financial support to the youth of Assam for taking up income-generating activities in the manufacturing, trading and service sector. 

Benefits to the citizens

The scheme will create employment opportunities for youth through setting up of new ventures and growing existing ventures. 

Eligibiliy

Eligibility criteria to get financial assistance under this scheme are given below.

• The youth must be a Resident of Assam
• Age of the youth should be above 18 years
• To get assistance under this scheme, there will be no income for youth
• Every youth should have skill, experience and knowledge to undertake the income-generating activities
• Education qualification of the youth should be above class VII
• The applicant who has already completed Skill Development Training will be given preference
• If the beneficiary is a defaulter of any loan, he is not eligible for SVAYEM
• (PMEGP) beneficiaries of the last 5 years will not be eligible under the scheme

How to apply

• The applicant should fill the application form for SVAYAM scheme
• Submit the application form along with all supporting documents to the district office.
• General Manager, DICC will scrutinize the application and forward to the District Level Committee (DLC) for approval.
• DLC will examine the application for the loan and recommend to the corresponding bank
• Bank will appraise the project both technically and economically, with the approved project cost of DICC.
• Bank will issue sanction within 30 days according to the proposal.
• After deposit of promoter contribution by the applicant and receipt of subsidy claim, the loan will be released to the beneficiary within 5days.

Whom to contact (implementation agency at the state/district level)

All Public Sector, Private Sector and Regional Rural Banks provide financial assistance under this SVAYEM Scheme. The quantum loan for new entrepreneurs is Rs. 1 lakh and for existing entrepreneurs – Rs. 2 lakh.

Supporting documents to apply for SVAYAM scheme are below for reference:

• SVAYAM Application Form
• Applicant should submit a project or scheme report for the proposed project (Report should contain details of technical and economic viability)
• Identity Proof (Voter’s ID card, Driving License, PAN Card, Aadhaar Card and Passport)
• Proof for Qualification of VII Standard
• Age Proof
• Experience certificate if applicable
• Skill Development Trainee certificate if applicable
• Residence Proof
• Nation food security card if applicable
• Copy of business licence
• Copy of business registration certificate
• Ownership identity documents

Link to applicatin form

SVAYEM Scheme for Assam Youth Empowerment 

Additional Information

Activities under SVAYEM Yojana
Income-generating activities which can be supported under SVAYEM Yojana are listed below:

• Manufacturing
• Trading
• Processing
• Rural Transport Service such as Auto Rickshaw, e-Rickshaw
• Service Sector
• Tourism
• Shops, repairing Centres, Handicraft, Cottage Industries