Swayam Yojana Odisha Government – How to Get Rs1 lakh Interest Free Loan

The Odisha Chief Minister Naveen Patnaik introduced Swayam Yojana Odisha 2024 which provides ration cardholders with financial support and interest free loans to youth. The initiative provides interest free loans up to Rs. 1 lakh to qualified youngsters in an effort to empower locally If you are an Odisha resident, go to the official website and fill out the application. In this article you get every necessary information regarding this scheme including its eligibility criteria, benefits, necessary documents, objectives and apply online.

Swayam Yojana Odisha 2024

The government of the state of Odisha launched the Swayam Scheme Odisha 2024, in which it is providing Rs. 01 lakh to unemployed youth who are weak because of the state’s economic situation so they can launch their own small businesses and support themselves. Establishing a firm will boost your income, lower the state’s unemployment rate, and provide more job possibilities.

Under this scheme, loans ranging from 18 to 35 years old will be given to jobless youth in the state, and the funds would be deposited into the qualifying youth’s bank accounts. The youth of the state would not be required to pay any interest because the Rs 1 lakh supplied under the initiative will be interest-free.

Overview of Swayam Yojana Odisha 2024

Name of the SchemeSwayam Yojana Odisha 2024
Launched byGovernment of Odisha
ObjectiveTo Provide Financial help
Application ModeOffline
Official Website_____

Objective of Swayam Yojana Odisha 2024

Since the rate of unemployment among young people in Odisha is rising, the government’s primary goal in launching the scheme is to provide them a zero interest loan of Rs. 1 lakh to launch their own small businesses. Opportunities for work will arise and the unemployment rate will decline.

Odisha Mukhyamantri Krushi Udyog Yojana

Benefits of Swayam Yojana Odisha 2024

The benefits of the scheme is given below:

  • The Odisha state government would provide financial support to the applicants who are selected under the scheme.
  • Up to Rs. 1 lakh in loans are available to all young people of the state of Odisha.
  • The chosen applicant’s bank account will receive a direct transfer of the funding.
  • Since the state government would be providing the loan interest free, the applicants won’t be responsible for any interest.
  • The Odisha state government would generate jobs for qualified and semi-skilled individuals in the state by granting the loan amount.

Eligibility Criteria

The eligibility criteria of the scheme is given below:

  • The applicant must live in the state of Odisha.
  • The applicant must be a person between the ages of 18 and 35.

Required Documents

The required documents of the scheme is given below:

  • Passport Size Photo
  • Aadhaar Card
  • Ration Card
  • PAN Card
  • Address Proof
  • Email ID
  • Mobile Number

Implementation Process

  • The Odisha state is the only one where the Swayam Scheme Odisha 2024 will be implemented.
  • The purpose of this program is to assist the state of Odisha’s economically precarious residents.
  • The program will generate jobs by lending money to young people in the state to launch their own businesses.
  • With the loans provided by this initiative, jobs would be created for the people of Odisha.
  • The schemewill be put into place to assist the youth of the state of Odisha in launching their own businesses.

Applying Procedure of Swayam Yojana Odisha 2024

  • First you have to visit the Official Website of the scheme.
  • The homepage will appear on your screen.
  • Click on the apply online option.
  • A new page will appear on your screen.
  • Enter all the necessary details in the form.
  • You have to upload all the necessary documents.
  • Click on the submit button.

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