SWAYAM Scheme Odisha – Eligibility, Objectives and Key Benefits

Odisha government has launched the SWAYAM Scheme to give financial assistance to unemployed youth of states. Under SWAYAM Scheme Odisha, the government provide a loan of Rs 1 lakh to unemployed youth of age between 18 to 35 years old. The youth who have no employment or belongs to weak economical condition category can apply for this scheme and get benefits. By giving the loan, the government empowers youth to start their own small business and boost employment.

By applying for the SWAYAM Scheme in Odisha, people can get employment opportunities and a reduction in unemployment. If you also want to apply for this scheme, you should meet the eligibility criteria, know about the aims and benefits, etc. Read this complete article on the SWAYAM Scheme Odisha to get enough information on it.

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SWAYAM Scheme 2024

The Odisha government has launched the SWAYAM Scheme to empower unemployed youth in various states. Under this scheme, the government provide loans of 1 lakh to eligible candidates and helps them to start their own businesses. It helps to increase the employment rate in the state and reduce unemployment. Empowering youth to start their own businesses increases employment opportunities for more people.

The scheme was started by Odisha’s CM. Under this scheme, the government give loans to eligible candidates at 0 % interest rates. The young age people in the age group between 18 to 35 years old are eligible to apply for this scheme.

SWAYAM Scheme Odisha highlights

Name Of SchemeSwayam Scheme
Started In Which StateOdisha
Started ByBy Odisha State Government
BeneficiaryUnemployed youth of the state between 18 years to 35 years
BenefitsProviding loan of Rs 01 lakh to unemployed youth to start their own business
Application ModeOnline
Start Date12 February 2024
Loan Amount01 Lakh Rupees
Official Websitehttps://swayam.gov.in/

Objective of the SWAYAM Scheme

The main aim of the SWAYAM Scheme is to empower youth to start their own business. By giving loans up to 1 lakh to eligible candidates, the government ensure to provide financial support to them. It aims to improve the employment rate in odisha state. If you are also in the age group of 18 to 35 years old or want financial assistance for your business, then you can apply for this scheme and get the benefits from it.

Under this scheme, the government provide loans of 1 lakh with 0 % interest rates to eligible people. The objective of the SWAYAM Scheme is to stimulate the youth with business ventures and entrepreneurship and reduce unemployment. It promotes and contributes to the financial growth of the state. It makes the youth of the state self-reliant and balances the economic condition of Odisha.

Loan amount of SWAYAM Scheme 2024

Under SWAYAM Scheme launched by odisha government, the eligble people can get loan of 1 lakh with 0 % interest rate. The economically weaker category of youth of the state lies in the age group of 18 to 35 years old, who can apply for this scheme.

Key benefits of the SWAYAM Scheme

There are various benefits offered by SWAYAM Scheme 2024

  • SWAYAM Scheme helps Odisha state people to become financially stable
  • Through this scheme, the small business of the state reaches the top and provides more employment opportunities to eligible youth
  • Under this scheme, around 95.90 lakh families can get benefits
  • Through this scheme, government provide the loan up to 1 lakh to eligible youth with no interest rate. The candidates of the age group of 18 to 35 years in rural and urban areas are eligible for this scheme
  • The eligible youth can get financial support of Rs 1000 to 95.90 lakh under this scheme
  • This scheme assists Odisha citizens with a total budget of 1237.74 crores
  • By this scheme, the state government assist weaker section youth to become financial stable and establish their own business

SWAYAM Scheme eligibility criteria

  • The youth who live in rural or urban areas of the age group 18 to 35 years old are eligible to apply for the SWAYAM Scheme.
  • Unemployed youth of Odisha state who do not have any outstanding loans are applying for this scheme.
  • Candidates who belong to a weaker economic section or want to start their own business can apply for the SWAYAM Scheme and become eligible to get loans up to 1 lakh.

Required documents

Candidates are required to bring some documents when applying for the SWAYAM Scheme. The candidates need to attached the important documents with the application form to apply for this yojana.

  • Aadhar card
  • Ration card
  • Passport size photo
  • Mobile number
  • BPL card
  • PAN card
  • Email ID
  • Address proof

How to apply for the SWAYAM Scheme

To apply for the SWAYAM Scheme after meet the eligibility, here are the steps you can follow

  • First, you should visit the official website of SWAYAM Scheme, https://swayam.gov.in/.
  • Next, you should click on the “Apply online” link on the homepage
  • A application form is opens in front of you. Here, you need to enter your required details in the application, include name, email ID, aadhar card, mobile number, address, etc
  • Now, you should upload the required documents
  • Tap on the submit button to finish your application process

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