Swayam Yojana Odisha 2024, Odisha to Provide Interest-Free Loans to 2 Lakh Youth

Swayam Yojana Odisha – The Youth Self-Employed (Swayam) Scheme has received approval from the Odisha State Cabinet. The program’s goal was to introduce young people in both urban and rural sections of the nation to the nation’s new business and boost the economy. This innovative yojana also known as SWAYAM seeks to enable self-employment options for the state’s youth population by bridging the gap between desire and action. In this article you get every important information regarding this yojana such as benefits, objectives, eligibility criteria, required documents, overview and apply online.

Swayam Yojana Odisha

The Odisha government launched the Swayam Yojana Odisha2024 to help its people become self-sufficient. SWAYAM is another name for this technique. Under this initiative, jobless or underemployed young men and women in the state between the ages of 18 and 35 would receive interest-free bank loans up to Rs. 1 lakh to launch a company.

The Odisha state government has set a large budget of Rs 448 crore for the first phase of this scheme which would see them give interest-free loans to one lakh youngsters in the state. The yojana Application Online will be accessible following the launch of the official website and must be completed by eligible youth in order to get benefits under this scheme. The applicant’s bank account will be credited with the loan amount obtained for the plan.

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Overview of Swayam Yojana Odisha

Name of the Yojana	Swayam Yojana Odisha
Launched by	State Government of Odisha
Beneficiary	Citizens
Objective	To Provide Interest Free Loans
Application Mode	Online
Official Website	https://odisha.gov.in/

Objective of Swayam Yojana Odisha

The main objective of the yojana is to give jobless youth in the state’s urban and rural areas a loan of Rs.1 lakh without interest so they can launch their own businesses. in order to lower the state’s unemployment rate.

Odisha 1 Lakh Interest Free Loan Scheme, Free Loan to Unemployed Youths

Benefits of Odisha Swayam Yojana Odisha

The benefits of the yojana is given below:

• The unemployed youth of the state would receive Rs 1 lakh without interest under this scheme to launch a company.
• Young people without jobs in the state will have the opportunity to launch their own businesses, increasing job possibilities and lowering the unemployment rate.
• The state government will pay the interest on the loan amount granted.
• The State Government will offer a 15% credit guarantee through the credit guarantee fund trust for micro and small enterprises on top of the 85% loan guarantee that is already offered to micro and small businesses under the scheme.

Eligibility Criteria

The eligibility criteria of the yojana is given below:

• The applicant has to be an Odisha state resident.
• The person who receives it must be between the ages of 18 and 35.
• The program will be available to both men and women.
• The age restriction is 40 years old for Scheduled Tribes and handicapped groups.
• The applicant’s family’s annual income must not exceed Rs 2 lakh.
• The scheme’s benefits are not available to employees of constitutional bodies, the central, state or municipal governments or their families.

Odisha MO Ghara Yojana : Beneficiary List @moghara.odisha.gov.in

Required Documents

The required documents of the yojana is given below:

• Passport Size Photograph
• Aadhaar Card
• Bank Account Details
• Domicile Certificate
• PAN Card
• Email ID
• Mobile Number

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Applying Procedure of Swayam Yojana Odisha

• First you have to visit the Official Website of the yojana.
• The homepage will appear on your screen.
• Click on the register here option.
• The registration form will appear on your screen.
• Enter all the required delta in the form such as:
• Name
• Address
• Date of Birth, etc
• You have to upload all the necessary documents.
• Click on the register option.

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