CG Mukhyamantri Yuva Swarojgar Yojana 2021 DetailsCG Mukhyamantri Yuva Swarojgar Yojana 2021 Details

The youth often play a crucial role in the economic welfare of a nation. With the rising wave of unemployment in the country, skilled and hard-working youth are finding themselves without opportunities to generate income and the morale of the nation’s youth seems to be heading towards despair.

However, the Chhattisgarh government seems to have acknowledged the crisis and started work in order to bring about some relief to the state’s youth. The state government, paying heed to the troubles of the youth, have initiated the Chhattisgarh Mukhyamantri Yuva Swarojgar yojana 2021.

About the Chhattisgarh Mukhyamantri Yuva Swarojgar yojana 2021

The scheme has been designed in such a way that the youth of the state finds the right avenues to generate revenue. The main objective of the scheme is to offer complete financial assistance – which involves offering financial assistance, guarantee, training and follow-up – so that the youth of the state can set up industries, services and businesses thereby working towards self-employment.

Another objective of the Swarojgar scheme is to increase employment opportunities in rural and urban areas by motivating the youth power of the state towards the ultimate aim of self-entrepreneurship. This also aligns itself with the Make In India initiative suggested by the Centre.

The scheme aims to create a positive environment in the state so that enterprises meet consumer needs – both urban and rural in nature. And finally, the implementation of the scheme will also have a positive impact on ancillary industries that are related to agriculture.

Loans from the banks or financial institutions

Under the implementation of the scheme, loans will be provided to eligible youth through banks / financial institutions for construction, service and business, the limit of which is mentioned as follows:

  • Manufacturing enterprise – Project cost maximum ₹25 lakhs
  • Service industry – Project cost maximum ₹10 lakhs
  • Business – Project cost up to ₹2 lakhs.

The amount set for land acquisition will not be included in the project cost and only 20 per cent of the proposed amount under the fixed capital investment will be considered for building.

Interest subsidy on the loans

Interest subvention – the following interest subvention will be given on the term loan and working capital disbursed by banks / financial institutions after the establishment of the enterprise.

General class5% grant from the date of first loan disbursement – up to a period of five years.
Maximum limit on term loan ₹50,000 per annum on working capital loan ₹25,000 per annum.
SC/ST/OBC/Minorities/Women/Disabilities/Ex-servicemen/Naxal affected citizens8% gran from the date of first loan disbursement – up to a period of five years – with a maximum limit of ₹75,000 per annum on working capital loan of ₹40,000 per annum.

In conclusion

Through the implementation of this scheme, the people of Chhattisgarh, especially the youth, now move forward with renewed hope and a vision to create employment instead of having to look for it.

This way, the talents and the energies of the youth can be directed in a productive direction which will eventually not only benefit the state but the nation on the whole.

Similar Yojanas

Schemes launched by the state government

The state governments of India are the next important government bodies right after the central government of the country. The state governments constitute 28 states and 8 union territories

India is a democratic and republic country wherein highest authorities and powers are proffered to the central government. For the state government, real executive powers are given to Chief Minister as he is responsible for heading the Council of Ministers. The state governments of India work toward internal security, such as police department, social welfare, public health betterment and other similar state-related issues. The state government of the country earns its employee income from sales tax services, stamp duty services, and from some parts of GST.

The state governments have launched a variety of schemes so far. Some of the examples are as follows:

In Andhra Pradesh, Chandranna Bima Yojana, National Energy Efficient Agriculture Pumps Program, and Smart Pulse Survey have been launched. In Assam, Mass Rapid Transit System has been recently launched. In Maharashtra, Police Pratisaad Ask services and various schemes for the betterment of farmers have been launched. In Karnataka, PM Santwana Harish Yojana, and Housing scheme for Transgenders have been launched. In Uttar Pradesh, Deen Dayal Upadhyay Gram Jyoti Yojana, Hausla Paushan scheme, and Swadhar Greh yojana have been launched.

The state government of India monitors both rural and urban development. However, it is not feasible for the state government to monitor all rural and urban local government bodies. Thus, based on the provided funding and coverage, rural and urban local entities create development plan whenever required. These government entities work in close association with planning commission and local or regional government sectors and authorities.

Apart from these schemes, the state government also ensures the effective implementation of centrally sponsored schemes in respective states.