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About Swami Vivekananda Assam Youth Empowerment Scheme (SVAYEM) 2024
The Swami Vivekananda Assam Youth Empowerment (SVAYEM) Scheme is a flagship initiative by the Government of Assam, aimed at empowering the youth of Assam by providing financial assistance to encourage entrepreneurship. Initially launched in 2017, the scheme focuses on promoting self-employment and income-generating activities across the manufacturing, trading, and service sectors.
Scheme Overview
| Particulars | Details |
|---|---|
| Name of Scheme | Swami Vivekananda Assam Youth Empowerment Scheme |
| Scheme Authority | Government of Assam |
| Objective | To support youth entrepreneurship and self-reliance |
| Eligibility | Permanent residents of Assam, aged below 40 years, with matriculation qualification |
| Budget Allocation | ₹1,000 crore for 2 lakh beneficiaries |
| Financial Assistance | ₹50,000 per individual |
| Application Status | Available |
| Official Website | Government of Assam |
Objectives of SVAYEM Scheme
- Generate employment opportunities in rural and urban areas.
- Provide financial support to micro and small enterprises in manufacturing, trading, and services.
- Enhance income levels for traditional artisans, ensuring sustainable growth.
Activities Covered Under SVAYEM Scheme
Eligible Activities:
- Manufacturing and processing.
- Service sector and trading.
- Rural transport services (e.g., auto rickshaws, e-rickshaws).
- Tourism-related activities.
- Shops, repairing centres, handicrafts, and cottage industries.
Ineligible Activities:
- Manufacturing of intoxicants (e.g., beedi, pan masala, cigarettes).
- Sales of liquor or plastic bags below 40 microns.
Eligibility Criteria
| Criteria | Details |
|---|---|
| Residency | Permanent resident of Assam |
| Age Limit | Less than 40 years |
| Educational Qualification | Passed matriculation |
| Membership Requirement | Must be part of a Self-Help Group (SHG) or Joint Liability Group (JLG) before 1 September 2020 |
| Income Ceiling | No specific income restriction |
Benefits Under SVAYEM Scheme
- ₹50,000 per individual as seed money.
- Group-based funding: ₹2.5 lakh for groups of 5 members; ₹5 lakh for groups of 10 members (maximum 20 members).
- The scheme’s budget is entirely funded by the government, amounting to ₹1,000 crore.
How to Apply?
- Visit the official website of the Government of Assam.
- Complete the registration process by providing necessary details.
- Upload required documents like caste certificate, income certificate, and Aadhaar.
- Submit the application and retain a printout for reference.
Required Documents
- Matriculation certificate.
- Income certificate issued by the Circle Officer.
- Aadhaar card.
- Group membership proof.
Frequently Asked Questions (FAQs)
What is the main goal of the SVAYEM Scheme?
The scheme aims to promote entrepreneurship and self-employment among the youth of Assam by providing financial assistance.
Who can apply for the SVAYEM Scheme?
Permanent residents of Assam under 40 years of age who have passed matriculation and are part of an SHG or JLG.
How much financial assistance is provided?
₹50,000 per individual, with group funding ranging from ₹2.5 lakh to ₹5 lakh.
What activities are covered under this scheme?
Manufacturing, trading, services, tourism, rural transport, and handicrafts are some of the eligible activities.
What are the ineligible activities?
The scheme does not support businesses dealing in intoxicants, liquor sales, or plastic bags below 40 microns.
Is there any income limit to apply?
There is no specific income ceiling for applicants.
What documents are required for application?
Matriculation certificate, income certificate, Aadhaar, and proof of SHG or JLG membership.
What is the total budget for the scheme?
The total budget allocation is ₹1,000 crore.
Where can I apply for the SVAYEM Scheme?
Applications can be submitted online through the official Government of Assam portal.
How many youths will benefit from this scheme?
The scheme targets 2 lakh beneficiaries across Assam.
Stay updated with APSC ORG official website for further details and notifications.
