SVAYEM Scheme Assam 2020: Details, Eligibility & Application Form

SVAYEM Scheme Assam 2020

SVAYEM Scheme Assam 2020:

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.

Under this renewed SVAYEM Scheme, Government of Assam will provide ₹ 50,000 each to 2 lakh youths of Assam to encourage entrepreneurship. All the interested and intending candidates can fill up the application form for SVAYEM Scheme Assam 2020 (link for SVAYEM Scheme Assam 2020 Application form pdf is given below).

SVAYEM Scheme Assam 2020 Details:

NAME OF SCHEME: Swami Vivekananda Assam Youth Empowerment (SVAYEM) Scheme

SVAYEM SCHEME LAUNCHED BY: Government of Assam

SVAYEM SCHEME IMPLEMENTED BY: Department of Finance, Government of Assam

SVAYEM SCHEME LAUNCH DATE: 16-September-2020

SCHEME CATEGORY: Government Scheme

REWARDING AMOUNT: ₹ 50,000 per candidate

BENEFICIARIES: 2 lakh

MODE OF APPLICATION FOR SVAYEM SCHEME: Online

OBJECTIVE OF SVAYEM SCHEME: To promote the idea of entrepreneurship among the youths of Assam

Note: Initial Terms and Conditions of SVAYEM Scheme were different but this year i.e., 2020, the entire SVAYEM Scheme has been changed to meet the current situation and needs of the society.

Eligibility Criteria for SVAYEM Scheme 2020 Assam:

The applying candidates must fulfill the criterias provided below to be eligible for the SVAYEM Scheme Assam 2020:

  • The applicant/ candidate must be a permanent resident of Assam
  • The applicant/ candidates must be above 18 years and below 40 years of age
  • The applicant/ candidate must have passed at least Matriculation (Class X)
  • The applicant/ candidate should be a part of the existing Self-Help Groups, Joint Liability Groups, etc before 01-September-2020

Activities list under SVAYEM Scheme Assam 2020:

Nature of activities:

  • Processing
  • Manufacturing
  • Trading
  • Service Sector
  • Tourism
  • Rural Transport Service (Auto Rickshaw, e-Rickshaw)
  • Shops, Repairing Centres, Handicraft, Cottage Industries etc.

Negative list of activities:

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

Benefits under SVAYEM Scheme Assam 2020:

  • ₹ 50,000 will be provided to each eligible and qualifying applicant under the SVAYEM Assam Scheme 2020
Groups with 5 Members₹ 2.5 Lakh
Groups with 10 Members₹ 5 Lakh
Groups with 20 Members₹ 10 Lakh

The total budget for the SVAYEM Scheme Assam 2020 is ₹ 1000 Crore which will be distributed among the youths of Assam 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 Assam 2020 Online Application Form:

The online application/registration form for the SVAYEM Scheme Assam 2020 will be available on 16-September-2020. Candidates willing to apply online for SVAYEM Scheme Assam 2020 can check the below links from 16-September-2020 onwards

How to Apply for SVAYEM Scheme Assam 2020:

The detailed step-by-step guide is provided below on how to apply for the SVAYEM Scheme 2020:

Scroll down this page and go to Important Links for SVAYEM Scheme 2020

Then Click on SVAYEM Scheme 2020 Application Form

The SVAYEM Scheme Assam 2020 Portal will be opened

Click on the Online Apply form and fill-up the form with the details as required/ asked

Submit the application form with all the documents required

Important Links for SVAYEM Scheme Assam 2020:

SVAYEM Scheme Assam 2020 Application Form: Available Soon

SVAYEM Scheme Assam 2020 Official Notification: Available Soon

SVAYEM Official Website: CLICK HERE

You May Also Like:

Leave a Comment