[Apply] SVAYEM Scheme 2021: Swami Vivekananda Assam Youth Empowerment Scheme Registration

SVAYEM Scheme Application form online | Swami Vivekananda Assam Youth Empowerment Scheme

The scheme is aimed at empowering the youth of the Assam state through employment generating activities. The scheme proposes to benefit the youth and ease the business in the state. SVAYEM scheme applies to all the districts of Assam and will benefit about 2 lakh youth. It is an old scheme of the government, redesigned again as RE-SVAYAM. Currently, the government updated the scheme on January 23, 2021.

The Assam government has launched this flagship scheme again to improve the shortcomings of the previous implementation. The scheme is now worth INR 1000 crore. In this article, we will discuss the Swami Vivekananda Assam Youth Empowerment Scheme, the registration process and in-depth details of the scheme, including objectives, eligibility and further benefits associated with the scheme. Read the article completely to get additional information about the process.

SVAYEM-registration

Swami Vivekananda Assam Youth Empowerment Scheme

The Scheme was launched by the government of Assam. Officially, it was declared for the first time on February 7th, 2017 in the budget speech of the finance minister of Assam. Now, the scheme has reached a significant proportion of the population. Many beneficiaries have been included in the scheme but still, a major portion remains beyond the reach.

Thus, to include all such people, the scheme has been re-designed and launched again on January 20, 2021, to create a more business-supporting environment. Also, the scheme now includes both individuals and groups to take on new activities. The emphasis had been given upon expanding the existing enterprises.

MGNREGA कार्ड सूची

The scheme has a target to employ the young entrepreneurs and business doers of the state. According to the district, the number of beneficiaries eligible for the scheme will be kept proportionate to the population of the district. It will include 2 lakh youth members of different groups. In the first phase of the scheme implementation, about 1000 young individuals from each LAC are to be selected.

Swami-Vivekananda-Assam-youth Empowerment-Scheme-scheme-tweet
Swami-Vivekananda-Assam-youth Empowerment-Scheme-tweet-scheme

SVAYEM Scheme Overview

Article CategoryScholarship
Name of the ScholarshipSwami Vivekananda Assam Youth Empowerment Scheme
Scheme launched byAssam Government
Implemented byDepartment of Industries and Commerce
Re-launched on20th January 2021
LevelState-level
ObjectiveEmployment generation
Beneficiaries2 lakh Assam Youth
Scheme amountINR 1000 crore
Launched onFebruary 2017
Financial AssistanceINR 50,000/ individual
Online registration starts fromto be notified
Official websitewww.svayem.in

Implementing Agencies

  • Apex Committee at State Level
  • Implementation Cell at the State level
  • District Level Consultative and implementation committee (DLCIC)
  • Public, Private, Rural banks as the nodal and financing banks

Objectives of SVAYEM

The vision is to create new businesses which will further generate more employment by creating clusters of production centres. As we now know a bit better about the scheme and the vision of the government. Now, let us understand the objective of the Swami Vivekananda Assam Youth Empowerment Scheme.

  • The basic objective is to employ young people into businesses by providing ‘seed money’ to start new businesses in the state.
  • To include all the youth from the urban and the rural areas of the state.
  • Promote the development of new small and large businesses in the state, thus favouring the economy of the state.
  • Help individuals and groups by supporting their business financially.
  • Equip people to start a new business or make investments into large and small businesses in manufacturing, trading and service.
  • Allow people to participate in trading and business areas which will consequently uplift the manufacturing sector.
  • To augment the focus in the rural economy and give preference to Rural industries, rural artisans, agriculture and allied sectors.
  • Enhancing the income generation of the small artisans of the states, thus ensuring the sustainable growth of these sectors.

PM Kisan Scheme Registration Link

SVAYEM Scheme Implementation process

SVAYEM-PROCESS
  1. At first, all the application will be received through the official portal of the RE-SVAYEM.
  2. Every application received, will be inspected by the DLCIC (District Level Consultative and Implementation Committee) and accordingly, the beneficiaries will be selected.
  3. Selected candidates have to undergo a compulsory training program of 3-5 days under any identified agency, for example- Indian Institute of Entrepreneurship (IIE).
  4. Post-Completion of training a ‘Training Allowance’ will be provided.
  5. After this, the first instalment will be released only for the beneficiaries who attended the training. The amount will be provided directly into the bank account of the beneficiary.
  6. Finally, after three months, the beneficiary has to submit an Activity Report to the DLCIC. The report will determine the further allocation of funds and release of the second instalment of the scheme.

Activities for funds allocation under SVAYEM

SVAYEM-manufacturing
Manufacturing
SVAYEM-trading
Trading
SVAYEM-processing
Processing
SVAYEM-transport
Rural Transport Service
SVAYEM-tourism
Tourism
SVAYEM-service
Service sector
SVAYEM-repairing
Repairing centers
SVAYEM-handicraft
Handicraft/ Cottage industries
SVAYEM-shops
Shops

Other than these, Agriculture and allied sectors, food processing industries, electric shops, mobile recharge, Tent houses have also been included in the activities eligible for the beneficiaries under the scheme. In addition to this, MSMEs and service industries have also been included in the scheme.

Items banned for fund allocation under SVAYEM

  • Manufacturing of Intoxicant items
  • Liquor
  • Tobacco-related products
  • Plastic bags below 40 microns

Assam Arundhati Gold Scheme

Eligibility Criteria

If you are someone under these groups or else, you would definitely want to benefit from the scheme. Therefore, before applying, the aspirants are requested to kindly read the eligibility criteria. Check whether or not you fit into the criteria and then apply for the scheme. We have provided below, the criteria for the same. So, anyone who wants to avail the benefits of this scheme can check the eligibility and apply.

For Individuals

Age EligibilityHe/ She should be more than 18 years of age
ResidencyShould be a permanent resident of Assam state and currently residing in Assam.
Income LimitNo bar
Educational QualificationThe aspirant of the scheme should possess the minimum educational qualification of up to 7th standard
Skill EligibilitySkills, knowledge and experience in the related enterprise. Preference in the selection of beneficiary will be given to the candidates possessing a certificate of Skill development training
Personal StatusHe/ She should not possess any defaulted loan (in case of a defaulted loan, the beneficiary will be barred for availing benefits of any government schemes. Also, the current availing loan may also be cancelled)
Other SpecificationsShould not be a PMEGP beneficiary within the last 5 years.

For Groups

Age EligibilityHe/ She should be more than 18 years of age and not less than 40 years (calculated from the date of application).
ResidencyShould be a permanent resident of Assam state and currently residing in Assam.
Educational QualificationThe aspirant of the scheme should possess the minimum educational qualification of 10th standard (High School).
Group EligibilityJoint-Liability Groups (JLGs), Self-Help Groups(SHGs), Cluster-level SPVs/ State Federations, Framer produce organizations (FPOs) formed before September 2021
Group Members should be- 5 to 20
Account RelatedThe group applying, should possess a group bank account. The account should be in a Scheduled Commercial/ Cooperative bank and individual bank accounts, all opened before 1 September 2021
Personal StatusHe/ She should not possess any defaulted loan (in case of a defaulted loan, the beneficiary will be barred for availing benefits of any government schemes and availing loan may also be cancelled)
Other SpecificationsPreference in the selection of beneficiary will be given to the candidates possessing skills required for the specified business enterprise.

In addition to this, applicants will also have to submit a brief profile of the business they want to start/ uptake.

Benefits of SVAYEM scheme

The government has concluded the contributing amount of INR 50,000 will be provided to each beneficiary of the scheme. A total of 1000 crores has been approved for the scheme by the government. All of the financial assistance for the scheme has been disbursed accordingly. The scheme promises:

  • A benefit of INR 1 lakh to new entrepreneurs
  • Provision of subsidy of INR 20,000 for new entrepreneurs (20%)
  • A benefit of INR 2 lakh for existing entrepreneurs
  • Provision of subsidy of INR 40,000 for new entrepreneurs (20%)
  • Monetary aid and SVAYEM loans will be provided by the public, private and rural banks

Specifications for banking assistance

  • The beneficiary of the scheme has to give 25% of the total cost of the project after the SVAYEM loan is sanctioned (for example- for a loan amount of INR 1 lakh, INR 25,000 have to be given to the bank)
  • The amount of money granted by the bank, to the beneficiary will be only 55% of the sustained cost of the project. (for example- INR 55,000 will be provided by the bank for the SVAYEM loan amount of INR 1 lakh.
  • Also, for capital expenditure (fixed and working), assistance will be provided by the bank in form of SVAYEM loans.
  • The SVAYEM loan amount will be released by the bank after claiming the subsidy amount. The nodal bank will release the subsidy to the financing bank.
  • Time to repay the loan amount will be 3 to 7 years, according to the concerned bank.
  • Hypothecation is allowed for fixed assets like Machinery, plants, etc. and current assets like raw material, furnished and unfurnished products.
  • Liquid funds will not be kept as security.

Interest rates for the SVAYEM loans will be as per the RBI guidelines for MSE units.

Documents Required

Aspirants who fulfil all the essential criteria set up by the government will be able to finally apply for the scheme. Similarly, like other schemes, there are some important documents to be considered for availing the benefits of the scheme. We have enlisted all these documents below, to make your application process hassle-free. The documents you will need to apply are:

  1. Proof of Age
  2. ID Proof (Aadhar card, voter ID, driving license, etc.)
  3. Residential Proof
  4. Proof of Educational Qualification
  5. Certificate showcasing your Experience
  6. Proof of Business Ownership
  7. Business License
  8. Certificate of Business Registration
  9. National Food Security card
  10. Certificate of any training of Skill Development (if relevant)
  11. Assam Ration Card

Registration process for Swami Vivekananda Assam Youth Empowerment Scheme?

If you have all the essential documents, then you are good to go applying for the scheme. Here, we will discuss the application procedure for the Swami Vivekananda Assam Youth Empowerment Scheme. Aspirants who want to apply hence becoming a beneficiary of the scheme can follow the steps given below:

  • Visit the official portal of SVAYEM. The portal will look like one shown below. Click on the tab showing ‘New Registration’
Swami-Vivekananda-Assam-youth Empowerment-Scheme-online-registration
  • As you click on the tab, you will be redirected to another page where you have to fill in the group name along with a valid mobile number. You need to generate an OTP for the number.
SVAYEM-group-name
  • Enter the OTP, sent to your mobile number.
SVAYEM-enter-OTP
  • Now, you will be required to create a password for your profile. Create a password including the character, alphabets and numbers. Click on ‘Submit’.
SVAYAM-create-password
  • The page will show your successful registration. Click, on the tab showing ‘Login’.
  • You will be redirected to the homepage of the portal, where you need to Login now and go on with filling the application form. Fill in all the details and your application is done!
Swami-Vivekananda-Assam-youth Empowerment-Scheme-login

For additional steps, you can refer to the user manual linked below. Read the document carefully to know the further steps of application.

Important links

Scheme NotificationSVAYEM Notification
Application formSVAYEM
Official PortalSVAYEM Portal
User manual to applyApplication Process of SVAYEM

FAQs

What is Swami Vivekananda Assam Youth Empowerment Scheme?

SVAYEM is a scheme by the government of Assam. It is a regular scheme for the youth of Assam, into a business. The scheme aims to employ individuals from rural areas as well as urban areas. In addition to this, the scheme also promotes group businesses and small businesses.

How can I register for Swami Vivekananda Assam Youth Empowerment Scheme?

All the aspirant who wants to register for the scheme can do so by visiting the official portal of the scheme. You can follow the steps mentioned in the article to complete the whole application process.

What is the full form of SVAYEM?

Swami Vivekananda Assam Youth Empowerment Scheme

How to apply for SVAYEM scheme?

The candidates interested in applying for the scheme can do so by through the official portal of RE-SVAYEM. Aspirants will have to log in and complete the filling up the application form.

Who launched SVAYEM Scheme?

The scheme has been launched by Mr. Himanta Biswa, the finance minister of Assam state.

What is the cost of the Swami Vivekananda Assam Youth Empowerment Scheme?

The SVAYEM scheme has been launched again with a budget of INR 1000 crore.

Which groups are eligible for the SVAYEM Scheme?

The groups eligible for the SVAYEM scheme are: (JLGs), (SHGs), Cluster-level SPVs/ State Federations, (FPOs).

How many group members will be included in the SVAYEM scheme?

The scheme will include 2 lakh youth members of different groups.

Which items are banned for manufacturing under the SVAYEM Scheme?

The scheme bans the manufacturing of Intoxicant items, Liquor, Tobacco products and also the plastic bags (less than 40 microns).

What is the interest rate for SVAYEM scheme?

Interest rates for the SVAYEM loans are according to the RBI guidelines for MSE units.

What is ‘seed money’?

It is the ‘seed money’ the initial amount to be provided to start new businesses therefore creating more businesses in the state.

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