Swayam Scheme: Odisha Government Launches Swayam Yojana

Swayam Scheme: Odisha Government Launches 'Swayam' Scheme for Youth Empowerment

Swayam scheme (Swayam Yojana)

Highlights of the 'Swayam' Scheme (Swatantra Yuba Udyami Yojana)for Youth Empowerment:

• Odisha government launches 'Swayam' scheme to empower youth.
• Interest-free loans of up to Rs 1 lakh offered to eligible rural and urban youth aged 18-35 years.
• Aimed at facilitating the establishment or expansion of businesses, promoting entrepreneurship and job creation.
• Chief Minister Naveen Patnaik's vision emphasizes economic prosperity for rural and urban youth.
• Scheme reflects government's recognition of financial challenges faced by small-scale entrepreneurs.
• Special focus on supporting marginalized communities, including OBCs, backward classes, and the most backward classes.
• Additional socio-economic welfare measures include provision of jute bags, livelihood assistance, and Mukhyamantri Maschyajibi Kalyan Yojana (MMKY).
• 'Swayam' scheme signifies government's commitment to inclusive growth and empowerment in Odisha.
• Swayam Scheme Empowering Youth with Interest-Free Loans:
• Under the 'Swayam' scheme, eligible rural and urban youth aged between 18-35 years can avail interest-free loans of up to Rs 1 lakh.
• The financial assistance aims to facilitate the establishment or expansion of businesses, thereby catalyzing entrepreneurship and job creation statewide.

Swayam Scheme(Swatantra Yuba Udyami Yojana) Reflects State Government's Commitment to Economic Inclusion:

- Minister Swain, post the cabinet meeting, emphasized Chief Minister Naveen Patnaik's vision to uplift rural and urban youth by providing greater avenues for economic prosperity.

- The decision to offer interest-free loans reflects the government's recognition of the financial challenges faced by small-scale entrepreneurs and its dedication to alleviating them.

Swayam Scheme Recognizes Marginalized Communities:

- Minister Swain underscored Chief Minister Patnaik's understanding of the economic struggles faced by marginalized communities.

- By extending support to OBCs, backward classes, and the most backward classes, the government aims to address longstanding disparities and foster inclusive growth.

Odisha's Swayam Scheme-how to apply online, eligibility criteria, benefits, and objectives

Key Features of the 'Swayam' Scheme:

- Eligibility: Rural and urban youth aged 18-35 years.

- Loan Amount: Up to Rs 1 lakh.

- Purpose: Starting new businesses or expanding existing ones.

- Duration: Operational for two years.

- Budget Allocation: Rs 672 crore from the state's coffers.

Additional Measures for Socio-Economic Welfare under the Swayam Scheme:

- In addition to the 'Swayam' scheme(Swatantra Yuba Udyami Yojana), the Odisha government has approved several other initiatives aimed at enhancing socio-economic welfare:

  - Provision of Jute Bags: Each PDS family will receive two jute bags free of cost, promoting sustainable living practices and reducing plastic usage.

  - Livelihood Assistance: A one-time livelihood assistance of Rs 1,000 per family will be provided, requiring a budget allocation of Rs 959.05 crore.

  - Mukhyamantri Maschyajibi Kalyan Yojana (MMKY): The umbrella scheme, with a total budget outlay of nearly Rs 448 crore, underscores the government's holistic approach towards fisheries sector development and welfare measures for fishermen.

Swayam Scheme and Socio-Economic Welfare Initiatives:

- The introduction of the 'Swayam' scheme and other welfare initiatives by the Odisha government signifies a concerted effort towards inclusive growth and empowerment.

- By prioritizing youth entrepreneurship and addressing the needs of marginalized communities, the government is laying the foundation for a more equitable and prosperous future for the people of Odisha.