SVAYEM Scheme Assam 2020: Eligibility, Apply Online, Notification

SVAYEM Scheme Assam 2020- Application Form, Eligibility: 

Swami Vivekananda Assam Youth Empowerment (SVAYEM) Scheme/ Yojana 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. This SVAYEM Scheme/ Yojana was launched in the year 2017.

Under this renewed SVAYEM Scheme, Govt. will provide Rs. 50,000 each to 2 lakh youth to encourage entrepreneurship. Who interested in this Scheme/ Yojana can fill Assam SVAYEM Scheme online application / registration form.

SVAYEM Scheme Assam 2020 Details:

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

Launched by: Govt. of Assam

Implemented By: Department 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

Area of implementation: All districts of Assam including autonomous district councils.


Objectives of SVAYEM Scheme Assam:

a) To generate employment opportunities in rural as well as urban areas through setting up of new ventures as well as growing existing ventures.

b) To provide financial assistance to micro and small business entities engaged in the manufacturing, trading and services sector.

c) To provide financial assistance for enhancement of income level of traditional artisans ensuring sustainable growth.

Eligibility for SVAYEM Scheme/ Yojana 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.

e) The beneficiary who has already completed Skill Development Training will be given preference.

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


Benefits under SVAYEM Scheme Assam 2020:

a) Rs. 50 thousand will be provided as a seed money to each individual under the renewed Swami Vivekananda Assam Youth Empowerment (SVAYEM) Scheme/Yojana.

b) 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.

c) 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 Assam 2020 Apply Online:

Applications will be received through an online portal in the name of SVAYEM. The online portal for filling the SVAYEM Scheme Assam online application / registration form will be launched on 16 September 2020.

How to Apply for SVAYEM Scheme 2020:

Step 1: Scroll down, go to the Important Links Section.

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.

Important Links

SVAYEM Scheme Application Form: Click Here

SVAYEM Scheme 2020 Notification: Coming Soon

SVAYEM Scheme 2017 Notification: Click Here

Official Website: https://industries.assam.gov.in