COVID-19 pandemic positively affected every sector of the economy. This pandemic decreases the GDP of the country. There mainly three pillars of the Indian economy. One is the agriculture sector, and the second one is the manufacturing sector, the third one is the service sector.
However, India is performing great in the service sector in the form of GDP outcome. To improve the economy and development of India, Indian should have to strengthen the agriculture sector and manufacturing sector of the economy.
However, the Indian government is trying to improve the first and second sectors of the economy by launching many schemes which will help financially to the micro small and medium enterprises of the nation.
The government also set a goal to double the income of the farmer by the year 2022. As the income of the farmer will increase, the life living level of the farmer will also increase. It will help the farmer to be self-reliant and earn money as more as possible.
The state, as well as the central government, is launching the scheme, which is helpful to the youth of India. However, the future of India is in the youth’s hands. This pandemic will result in many job losses in the economy, and many business are broke up due to the lockdown condition in the nation.
The government is opening its economy through the unlocking process. But there are many problems to resume the economy on its way. To remove the problem, the government is launching the scheme, which will help them to restart their business as early as possible. Here, we will discuss a scheme that is announced by the Assam government for the youth of Assam.
I will give you all information about the scheme launched by the Assam government.
About Swami Vivekananda Assam Youth Empowerment Yojana 2020
Recently, the Assam government has invited the application form of the scheme Swami Vivekananda Assam Youth Empowerment Yojana 2020. Under this scheme, the Assam government will provide Rs.50,000 to each 2 lakh youth of Assam to encourage entrepreneurship. The candidates who have an interest in this scheme can fill the application form of this scheme.
This scheme is for the small and medium business enterprises of the Assam state. This scheme will enable enterprises to develop the business in a different and smart way. To develop the business in a diverse and smart way, the candidates will help them to do the same.
Under this scheme, the government will invite the application of interested candidates of the Assam state, and the financial assistance will be provided to the candidates who enroll themselves in this scheme. The financial assistance will provide to encourage the candidate to take more and more advantage of this scheme.
The Swami Vivekananda Assam Youth Empowerment Yojana 2020 has Rs. 1000 crore budget scheme. This scheme will provide financial help to the candidates of the scheme. The Assam government set the target to spent the budget amount in the next three months without any banking linkage.
This scheme will provide financial help to the youth as well as it will increase the income of the enterprises generating new activity in the manufacturing, trading, and service sector. However, we can think differently that assistance that will provide in this scheme to the youth will help them to start a new venture in the future.
Swami Vivekananda Assam Youth Empowerment Yojana 2020 Apply
The main aim of the Swami Vivekananda Assam Youth Empowerment Yojana 2020 is to generate employment in the Assam state by utilizing their skill into the enterprises. This will help to reduce the unemployment of the Assam state as well as the nation. Due to this scheme, the employment will generate in the urban and rural areas of the Assam state.
With the help of this scheme, the establishment of the new venture, as well as the performance of the existing venture, will increase. This will increase in the manufacturing sector of the state, and the GDP contribution of the manufacturing industry will also increase.
Moreover, the government will provide financial support to the candidate who participates in this scheme, so the income of the applicant will also increase, and it will result in the sustainable growth of the state. In this article, we will give you step by step information about how o apply in this scheme.
SVAYEM Scheme Assam Online Application / Registration Form
The candidates who want to take advantage of this scheme have to register themselves in the scheme. The government has provided an online portal to register in this scheme. This scheme will be launched on 16 September 2020. The new portal of the Swami Vivekananda Assam Youth Empowerment Yojana 2020 will be launched by the government on 16 September 2020.
The youth can register themselves on the portal. On that portal, an application form is available. The candidates can see the application form on the link: https://industries.assam.gov.in/sites/default/files/Application%20Form%20for%20SVAYEM%20Scheme_1.pdf. The candidates can fill this form from 10 September 2020. Through this application form, the candidates can take advantage of the scheme.
To take the benefit of this scheme, candidates should fit into the criteria of the scheme. The government has fixed the requirements to take the benefits of the scheme. If any applicant or candidate it person wants to participate in the scheme, then they must have to fit in the criteria of the scheme.
To know about the criteria, you have to read this article because I will give you information about the criteria of the scheme.
Eligibility Criteria for SVAYEM Self Employment Scheme 2020
All the applicant must fulfill the following criteria of the scheme. If an applicant meets the requirements, then they can take advantage of the scheme. To take the benefits of this scheme, you have to read the criteria of the scheme which is published b the concerned authority of the government of the Assam.
- A candidate should be a permanent resident of the Assam state.
- The age of the applicant should be less than 40 years.
- The education of the applicant should be at least matriculation.
- The applicant should be a part of the existing Self Help Groups, Joint Liability Groups, etc. before 1 September 2020.