Yuva Swavalamban Yojana: Youths will get Subsidy for Business through This Scheme; Know How to Apply

In midst of the Corona crisis, Central and State Government are continuously giving efforts to improve the economic situation in India. Keeping this in mind, Yuva Swavalamban Yojana has been started to benefit the youth of our country who wants to start something of their own.

What is Yuva Swavalamban Yojana?

Under the Yuva Swavalamban Yojana, the government has made a loan as a financial aid for your business so that youths and women can start their own business. Moreover, this scheme mainly targets the youth of the state to make them self-reliant and reduce unemployment to a great extent. It also aims to provide employment to the youth and improve their economic condition.

The main objective of  Yuva Swavalamban scheme which has started by Himachal Pradesh Chief Minister Jairam Thakur is to make the youth of the state self-reliant and support them financially.

Through this Mukhyamantri Yuva Swavalamban Yojana, the people of Himachal Pradesh will be able to become self-sufficient and all the people of the state will also get business, so that the people of the state will be able to make their living easily, says official.

If you also want to take advantage of this scheme, then you will get the benefit of this scheme only when you get the support of the committee constituted in your area, by doing so this committee will approve for the loan.

The Main Objective of Himachal Pradesh Chief Minister Yuva Swavalamban Yojana

While India is fighting with global epidemic which has affected the economy and employment of people, this scheme has been started by the Himachal government to deal with this problem.

Under this scheme, loans will be provided to unemployed youth to start business along with subsidy on purchasing Agri machinery.

Yuva Swavlamban Yojana Subsidy Rules:

Under this scheme, if a man wants to invest up to 40 lakhs in business, then he will be provided 25% subsidy on machinery cost by the state government.

If a woman wants to invest up to 40 lakh in any business in this scheme, then she will be provided a 30% subsidy on the machinery coast by the state government.

Get Interest Subsidy on Credit

if any interested candidate who wants to set up his business, loan will also be made available to those who take a loan up to a margin of 40 lakhs, then they get a subsidy of up to 5% on the interest of the loan. Will also be given and loan will also be given for 5 years.

Eligibility and criteria for Himachal Pradesh Yuva Swavalamban Yojana

To take advantage of this scheme you will have to cross some basic criterias such as:

Applicant must be between 18 and 35 years of age,

Under this scheme, 25% of male applicant will be given 30% subsidy for female applicant,

Himachal Pradesh government will provide interest subsidy of 5% for 3 years at Rs 40 lakhs.

The government will also provide land on rent at a rate of just 1% to the youth

The stamp duty on the purchase of land will be reduced by 6% to 3% by the government.

Documents required for Yuva Swavalamban Yojana

To take advantage of this scheme and to apply you must have some important documents like:

1. Aadhar Card

2. Pan Card

3. residence certificate

4. Passport size photo

5. Bank passbook

How to Apply for Chief Minister Yuva Swavalamban Yojana Offline?

If you have to apply offline for this scheme, you can follow the steps given below:

• First of all, the applicant has to go to his nearest bank with the necessary documents,

• After this you have to tell about your business,

• You will be given an application form by the bank, in which you have to enter the details of your information and submit it with the necessary documents.

• After the application is approved, you will be told by the bank and after that you can start your business.
  How to apply for Himachal Pradesh Yuva Swavalamban Yojana Online?

• First of all, the applicant has to visit the official website of Mukhyamantri Yuva Swavalamban Yojana,

• After visiting the website, click on the Apply Online option and click on Mukhyamantri Yuva Swavalamban Yojana,

• Now a pop-up will open to make a login, here you have to fill the mobile number in the given location and click on the "Send OTP" button,

• Then you have to fill OTP

• After entering OTP, the registration form will open

• After entering all the information asked in this form, you click on the button of "Submit".

• After doing this your final online registration is complete.