SVAYEM Scheme Assam 2020 – Eligibility Criteria & Application Form

SVAYEM Scheme Assam 2020 – Eligibility Criteria & Application Form

Swami Vivekananda Assam Youth Empowerment (SVAYEM) Yojana announced by the Hon’ble Finance Minister of Assam in his budget speech on 7th February, 2017, is a flagship program to provide financial support to the youths of Assam to take up income
generating activities in the manufacturing, trading and service sector.

SVAYEM Scheme Assam 2020 Highlight

Name of SchemeSwami Vivekananda Assam Youth Empowerment (SVAYEM) Scheme
Launched byGovt. of Assam
Implemented ByDept. of Finance, Govt. of Assam
AmountRs. 50,000/- per youth
Launch Date16th September 2020
CategoryGovt Schemes
ObjectiveTo promote entrepreneurship among the educated youths
No of beneficiaries2 lakh
Application ModeOnline

SVAYEM Scheme Assam 2020 Details

SVAYEM Scheme Assam 2020

Earlier, this scheme was initiated and managed by Dept. of Industries & Commerce, Assam; but this year (2020), the said scheme will be implemented by State Finance dept., Govt. of Assam with the help of other nodal agencies. 

Initial terms and conditions of this scheme was different under this scheme; but this year the entire scheme has been rejuvenated to meet the current situation and needs of the society.

Objectives of SVAYEM Scheme Assam 2020

  1. To generate employment opportunities in rural as well as urban areas through setting up of new ventures as well as growing existing ventures.
  2. To provide financial assistance to micro and small business entities engaged in the manufacturing, trading and services sector.
  3. To provide financial assistance for enhancement of income level of traditional artisans ensuring sustainable growth.

Area of implementation of SVAYEM Scheme Assam 2020

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.

List of activity under SVAYEM Scheme 2020

Nature of activities:

– Manufacturing
– Processing
– Service Sector
– Trading
– Rural Transport Service (Auto Rickshaw, e-Rickshaw)
– Tourism
– 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

Eligibility Criteria for SVAYEM Scheme 2020

All the applicants must fulfill the below mentioned criteria to become eligible for the SVAYEM Scheme Assam:-

a) Applicant must be a permanent resident of Assam state.

b) The age of the applicant must be less than 40 years.

c) He / She must have passed matriculation.

d) 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

– 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.

SVAYEM Scheme 2020 Online Form

In the SVAYEM Scheme Assam, groups looking for of the scheme will be able to register themselves at a new portal. The new online portal for filling the SVAYEM Scheme Assam online application / registration form will be launched on 16 September 2020.

Steps to apply for SVAYEM Scheme 2020

Step 1: Scroll down, go to Important web Links

Step 2: Click on “SVAYEM Scheme Assam 2020 Online Application”

Step 3: SVAYEM Scheme Assam 2020 Portal will be opened

Step 4: Open the online application form and fill the all details.

Step 5: Submit the form along with all necessary documents online.

SVAYEM Scheme Application Form: Coming Soon .

SVAYEM Scheme 2020 Notification: Coming Soon .

SVAYEM Scheme 2017 Notification: Click Here 

Official Website: Click Here 

More Scheme: Click Here

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