SVAYEM Scheme Assam 2020 -Application Form

Minister of State of Assam Himanta Biswa Sarma said that under this scheme, young unemployed status will be given financial assistance of Rs. 50,000, in which some young 2,00,000 to receive state aid, in view of unemployment in the state of Assam. That way that no young person remains unemployed, they can start their employment. Assam government is starting Swami Vivekananda Yojana training of youth again before 2020, this scheme started earlier, but failed before, now the Assam government has put an amount of 1,000 crore in the budget for 2020-2021 succeed. Benefit from the scheme.

SVAYEM Scheme 2020 Details

Name of Scheme: Swami Vivekananda Assam Youth Empowerment (SVAYEM) Scheme

Launched by: Govt. of Assam

Implemented By: Dept. of Finance, Govt. of Assam

Amount: Rs. 50,000/- per youth

Launch Date: 16th September 2020

Category: Govt Schemes

Objective: To promote entrepreneurship among the educated youths

No of beneficiaries: 2 lakh

Application Mode: Online

Aim of the Scheme

To generate employment opportunities in rural areas and urban areas through the creation of new enterprises and the growth of existing businesses.
To provide financial assistance to micro and small enterprises organizations working in the manufacturing sector, trade and services.
Provide financial assistance to improve the income level of traditional craftsmen to ensure sustainable development.

Applicant Eligibility Criteria for SVAYEM Scheme Assam 2020

Youth must be a resident of Assam
Age young people must be over 18 years
For assistance under this scheme, there will be no income for young people
Every young person should have skill, experience and expertise to carry out income-generating activities
qualification education of youth should be above class VII
An applicant who has will be given training to develop skill and preference made

Benefits under SVAYEM Scheme 2020

Rs. 50 thousand will be provided as an initial capital for each individual under the renewed Swami Vivekananda Youth Empowerment Assam (SVAYEM) Yojana.
While groups with five members (Rs 50,000 per head) would be entitled to Rs 2.5 lakh, groups 10 members would be entitled to Rs 5 lakh and so on with the upper limit being 20 members.
The total budget for the program is Rs. 1,000 crore, which will be given full funding of the government. The beneficiaries would include all members of self-help groups, joint liability groups and other groups and federations they have been organized for business projects.