Swayam Yojana Odisha Portal at (swayam.odisha.gov.in) Apply Online, Date, Odisha Swayam Yojana Registration, How to Get Benefits 2024 for Swayam Yojana Odisha State, Check Registration Process Online, Eligibility Criteria, Document Required to fill an application.
Swayam Yojana Odisha – For all the ambitious youth of Odisha, there’s an outstanding scheme available to fuel their entrepreneurial spirit. The state cabinet, led by Chief Minister Naveen Patnaik, recently gave its approval to a brand-new scheme called “SWAYAM.” This scheme offers interest-free loans up to Rs. 1 lakh for men and women aged 18 to 35 years to launch their business ventures.
If you are a young aspiring entrepreneur in Odisha, SWAYAM Yojana 2024 is your gateway to success. All-in-all, Odisha’s proactive approach is for all future leaders and innovators. As a result, continue reading to discover comprehensive details about eligibility criteria, the application procedure, key features, advantages, and much more.
- Swayam Yojana Odisha Portal 2024 swayam.odisha.gov.in
- Odisha Swayam Yojana 2024 Scheme Registration
- Swayam Odisha Portal Eligibility Criteria 2024
- Swayam Yojana Documents Required 2024
- Benefits of Swayam Yojana Odisha 2024
- How to Swayam Yojana Odisha Registration Online Procedure
- Impact of Odisha Swayam Scheme 2024
Swayam Yojana Odisha Portal 2024 swayam.odisha.gov.in
About Swayam Yojana Odisha 2024 – On February 12th, 2024, the Odisha Government made a significant move in response to the region’s urgent need for economic expansion and for the development of new enterprises. A revolutionary initiative called ‘SWAYAM scheme,’ spearheaded by Chief Minister Naveen Patnaik, was introduced to encourage young people to pursue their entrepreneurial aspirations.
Key Highlights of Swayam Yojana Odisha 2024
| Scheme Name | Odisha Swayam Yojana 2024 |
| Launched by | Odisha State Government |
| Target Group | Urban unemployed or underemployed youth |
| Objective | Offers Interest-free loans and financial support to ration cardholders |
| Age Eligibility | 18-35 years, extendable to 40 for ST and differently-abled |
| Scheme Duration | 5 years from the date of notification |
| Loan Guarantee | 85% by CGTMSE, an additional 15% by the state government |
| Loan Disbursement | In maximum 2 installments |
| Repayment Period | 4 years |
| Moratorium Period | 3 to 6 months as prescribed by the bank/financial institution |
| Exclusion Criteria | Loan defaulters, government employees and their families |
| Benefit Per Family | Limited to one member |
| Budget Allocation | Rs 448 crores |
| Milestone of Scheme | 50,000 urban youths in 2 years |
| Swayam Yojana official website 2024 | swayam.odisha.gov.in |
This move came after the youth mass, during the district visit of 5T and Nabin Odisha Chairman V. Karthik Pandian, voiced their need for special assistance for business and trade. Acknowledging the proposal, the Chief Minister ensured its swift passage through the cabinet.
Odisha Swayam Yojana 2024 Scheme Registration
Check Alos –
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SWAYAM, an acronym for Swatantra Yuva Udyami Yojana, is a scheme that offers interest-free loans up to Rs 1 lakh to young people to help them start their own businesses and helps ration cardholders with financial support. Additionally, the Odisha Swayam Scheme allotted a total budget of Rs. 1,237.74 crore with the goal of providing Rs. 1,000 in livelihood aid to 95.90 lakh PDS beneficiary families.
The Swayam Yojana Odisha portal is in sync with national efforts like the Pradhan Mantri MUDRA Yojana (PMMY) to support non-corporate, non-farm small/micro enterprises. It seeks to capitalize on the regional need for manufacturing, services, and small enterprises to ignite a renaissance in the commercial and industrial sectors.
Swayam Odisha Portal Eligibility Criteria 2024
- Permanent residency in Odisha
- Possession of a valid ration card
- Youth aged between 18 to 35 years is only applicable
- The upper age limit for SC/ST/PwD applicants is 40 years.
- Applicant’s families must be covered under the KALIA/BSKY Scheme or have an income of less than Rs. 2 lakh per annum for urban youth (this limit is Rs 3 Lakh Per annum).
- The applicant must possess a UDYAM registered/UDYAM assisted number.
Swayam Yojana Documents Required 2024
- Proof of age and identity (Aadhaar Card, Ration Card, PAN Card).
- Income certificate or documentation for Kalia/BSKY scheme eligibility.
- Banking details for loan processing (Bank number and passport-size photograph)
- Mobile number and email address
Benefits of Swayam Yojana Odisha 2024
- 0% Interest-free Loan – Interest-free loans up to Rs. 1 lakh for starting new business ventures include both urban and rural youths.
- Assured Financial Support – The state government guarantees 100% of the loan amount with comprehensive insurance coverage, although the borrower bears the insurance charges.
- Economic Growth – This program aims at economic growth and self-reliance within the state.
How to Swayam Yojana Odisha Registration Online Procedure
- Firstly, visit the Swayam Yojana Odisha official website.
- Secondly, select the “Apply Online” option on the main page.
- Complete the application form with personal and business details.
- After that, attach all the essential documents asked for.
- Lastly, submit the application form online to complete the Swayam Yojana Odisha apply online process.
Impact of Odisha Swayam Scheme 2024
- Immediate financial relief to millions of ration cardholders
- Stimulation of entrepreneurship and small business ventures
- Generation of employment and economic activity
- Contribution to the overall development and prosperity of Odisha
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