SVAYEM Scheme Assam 2020 – Online Application, Eligibility

SVAYEM Scheme Assam 2020 – Online Application, Eligibility

SVAYEM Scheme Assam 2020 – Online Application, Eligibility: The Government of Assam Hon’ble Finance Minister Dr. Himanta Biswa Sarma has been Launched Swami Vivekananda Assam Youth Empowerment (SVAYEM) scheme in his budget speech on 7th February, 2017. SVAYEM Scheme Assam 2020 targets to provide financial support to the youths of Assam to take up income generating activities in the manufacturing, trading and service sector. who will be benefited through this scheme, what is the eligibility for this scheme, The Complete Details and Process to apply online is given below.

SVAYEM Scheme Assam 2020 - Online Application, Eligibility

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SVAYEM Scheme Assam 2020 Details:

Name of SchemeSwami Vivekananda Assam Youth Empowerment (SVAYEM) Scheme
Launched byGovernment of Assam
Implemented ByFinance Department Assam
Launch Date16th September 2020
No of beneficiaries 2 lakh
Amount50,000/- per youth
Application ModeOnline

Eligibility Criteria of SVAYEM Scheme Assam 2020

For SVAYEM Scheme Assam Online Application, The following Eligibility Criteria are mandatory

  • Applicant must be a permanent resident of Assam state.
  • The age of the applicant must be less than 40 years.
  • He / She must have passed matriculation
  • The applicant should be a part of the existing Self Help Groups, Joint Liability Groups etc. before 1 September 2020.

Benefits under SVAYEM Scheme 2020

The benefits of this SVAYEM Scheme 2020 are given below.

  • Rs. 50 thousand will be provided as a seed money to each individual under the renewed Swami Vivekananda Assam Youth Empowerment (SVAYEM) Yojana.
  • 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.
  • 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.

Objective of SVAYEM Scheme 2020

The main Objective of SVAYEM Scheme Assam Are

  • To generate employment opportunities in rural as well as urban areas through setting up of new ventures as well as growing existing ventures.
  • To provide financial assistance to micro and small business entities engaged in the manufacturing, trading and services sector.
  • 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

Coverage and targeted group:

  • About One lakh youth of Assam will be provided suitable credit support for taking up income generating enterprises.
  • The number of beneficiaries will be selected in a district in proportion to the population.

Nature of activities:

  1. Manufacturing
  2. Processing
  3. Service Sector
  4. Trading
  5. Rural Transport Service (Auto Rickshaw, e-Rickshaw)
  6. Tourism
  7. Shops, repairing Centres, Handicraft, Cottage Industries etc.

Negative list of activities:

  • Manufacturing of intoxicant items
  • Beedi, Panmasala, Cigarette, etc.
  • Sales outlet of Liquor
  • Plastic bags below 40 microns

SVAYEM Scheme Assam 2020 online application

The new online portal for filling the SVAYEM Scheme Assam online Application / Registration form Now Available. The SVAYEM Scheme online Apply Link given at important Link Section.

How to Apply Online SVAYEM Scheme Assam 2020

Eligible And Interested Candidates are able to Submit their online application for this Scheme of Swami Vivekananda Assam Youth Empowerment (SVAYEM) by following below provided simple steps

  • Scroll Down, And Check the Important Link Section.
  • Click on online Application Link
  • Enter All asked information,
  • Upload All Required documents
  • Submit Online Application.
SVAYEM Scheme Application FormClick Here
SVAYEM Scheme Official Notification 2020Comming Soon
SVAYEM Scheme Official Notification 2017Click Here
Visit official WebsiteClick Here

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