WB Yuvashree Arpan Yojana 2024: Benefits and Registration Procedure

West Bengal launched the WB Yuvashree Arpan Yojana as a government effort to give young people access to work possibilities. Through providing financial aid and training in skill development, this program seeks to empower young people so they may become self-sufficient and contribute to the state’s economic progress. Before the deadline, candidates must submit their online applications. In this article you get every information regarding this yojana such as benefits, objective, eligibility criteria, necessary documents and registration procedure

WB Yuvashree Arpan Yojana 2024

Mamata Banerjee, the Chief Minister of West Bengal, launched the WB Yuvashree Arpan Scheme with the goal of promoting youth entrepreneurship on 6  March 2019. Through this initiative, the State Government provides financial incentives to entrepreneurs to assist them in starting their firms. Each of the 50,000 youth who would benefit financially from this initiative will get Rs 1 lakh. This financing will be provided by the department of micro, small and medium sized companies.

The WB Yuvashree Arpan Yojana would promote business ownership, which will contribute to the development of jobs. The addition of jobs will undoubtedly lead to the state’s economy growing. The chief minister of Bengal claims that demonetization was a disaster that cost over 2 crore jobs. The state administration has already reduced unemployment by 40 %.

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Overview of WB Yuvashree Arpan Yojana

Name of the Yojana	WB Yuvashree Arpan Yojana
Launched by	Government of West Bengal
Beneficiary	People of State
Objective	To Provide Small Business opportunity
Budget	500 Crores
Financial Assistance	Rs. 1 Lakh
Launched Date	06 March 2019
Application Mode	Online
Official Website	https://employmentbankwb.gov.in/

Objective of WB Yuvashree Arpan Yojana

The main objective of the Yojana is to provide financial assistance to entrepreneurs in order to promote young entrepreneurship. Encouraging entrepreneurship would undoubtedly boost the state’s economy since it will generate employment opportunities. This scheme adoption will encourage more young people to pursue entrepreneurship, resulting in an increase in self employment within the state. The yojana would lower the state’s unemployment rate as well.

Benefits of WB Yuvashree Arpan Yojana

The list of the benefits of this scholarship is given below:

• West Bengal’s chief minister, Mamata Banerjee, announced this yojana on 6 March 2019. This initiative was developed by the government to promote young entrepreneurship.
• The program’s participants would get a cash reward worth Rs. 100,000.
• Approximately 50,000 entrepreneurs will benefit from this initiative.
• Funding for this initiative will come from the Micro, Small, and Medium Enterprises Department.
• This yojana is expected to facilitate the creation of jobs, hence contributing to the economic growth of the state.
• To further benefit participants, the government intends to create a dedicated website for this initiative.
• The people’s bank accounts will receive the benefit funds under this scheme directly using the direct benefit transfer mechanism.
• This proposal will lead to a drop in the unemployment rate.

Eligibility Criteria

The list of the eligibility criteria  of this scholarship is given below:

• The applicant must live in west bengal.
• The applicant is not eligible to receive any loans or financial aid from the State or federal governments in connection with the self employment program.
• To apply for the scheme, an applicant must possess a technical degree from an accredited university.
• The applicant ought to possess fresh company concepts and initial strategies for promoting self-employment inside the group.

Required Documents

The list of the required documents of this scholarship is given below:

• Two Passport Size Photograph
• Aadhaar Card
• Address Proof
• Higher Secondary Mark Sheet
• Bank Account Details
• Degree Certificate of the Applicant
• Other Educational Certificate

Application Procedure of WB Yuvashree Arpan Yojana

• First you have to visit the Official Website of the scholarship.
• The homepage will appear on your screen.

• Click on the New Enrollment Job Seeker option.
• A new page will appear on your screen.

• The guidelines regarding enrollment will be displayed on your screen.
• Tick mark the Declaration.
• Click on the Accept and Continue
• The registration form will appear on your screen.
• Enter all the required details in the form.
• You have to upload all the necessary documents.
• Click on the register button.

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