Financial Assistance up to a maximum of Rs 25 lahks is being made available to the youth.

  Raipur TNINS 

In a bid to set up industries and to provide self-employment to the youth, the Chhattisgarh government has implemented the Mukhyamantri Yuva Swarozgar Yojana. Through this scheme, financial assistance, margin money grant, credit guarantee fee, and annual service fee are being given to the youth of the state. It is noteworthy that a total margin money grant of Rs 936.63 lakh has been provided to 2614 youths in the last four and a half years by issuing loans through banks.

The main objective of this scheme is to increase employment opportunities in rural and urban areas by motivating the youth towards self-entrepreneurship. The consumer demand of rural and urban areas can also be fulfilled by setting up local industries. As Chhattisgarh is an agricultural extensive state, the scheme also aims to expand agriculture-allied industries in the state. Financial assistance, guarantee, training and follow-up are also being made available to the youth under this scheme so that every youth with an entrepreneurial spirit can contribute towards the economic progress of the state by establishing one’s own industry or business..

Under this scheme, the Youth can avail loans up to a maximum of Rs 2 lakh for setting up a business, Loan of Rs 10 lakh for service enterprises and a loan up to Rs 25 lakh for establishing manufacturing enterprises. The applicant must be a native of Chhattisgarh state. The applicant must be a native of Chhattisgarh state, have passed a minimum of 8th grade, and be between 18 to 35 years old on the date of application. Age relaxation of 5 years has been provided for scheduled castes, tribes, other backward classes, women, disabled entrepreneurs, members of Naxal-affected families, and retired soldiers.