SVAYEM Scheme 2022: Swami Vivekananda Assam Youth Empowerment

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SVAYEM Scheme was launched by the Assam Chief Minister on 7th February 2017 in order to provide the financial support to the citizens of Assam. And under Swami Vivekananda Assam Youth Empowerment Scheme, it provides the proper facilities to all young youth of Assam state.

Now the scheme has been re-launched by the Finance Minister of Assam to help in supporting the youth of the state. Because we all know the today’s condition, youths are not getting job due to the unemployment in the country/state. And due to which the youth are facing many problems.

Through Swami Vivekananda Assam Youth Empowerment Scheme , the youth of the state will be benefited by the financial support to improve their lives. This scheme will helps in generating the new opportunities for the youth to get a new job. This is one of the most important scheme launched by the Assam Govt. for the young generation.

The main aim of scheme is to empower the youth of Assam by generating the employment activities. SVAYEM Scheme is applied to all districts of Assam and will be benefited to around 2 lakh youths. It was an old scheme by the government, now the scheme has been re-designed again as RE-SVAYAM. The Assam Govt. has currently updated the scheme on January 23,2021.

In this article , we will share all important information regarding the Swami Vivekananda Youth Empowerment Scheme Assam. We have also share the eligibility criteria and application procedure for applying. And how 2 lakh youth will get the 50000 rupees. Read the article till end to get all the information.


Short Information : स्वामी विवेकानंद असम युवा सशक्तिकरण योजना 

Apply Online Swami Vivekananda Assam Youth Empowerment Scheme ( SVAYEM ) 2022 – Know how you can apply for SVAYEM Scheme Online Registration, SVAYEM Yojana Application Form PDF Download. What is the eligibility criteria to apply for SVAYEM Scheme. How to check the Beneficiary list , Payment/Amount status, Benefits. Check online application status from the official website.

Latest News Update on Swami Vivekananda Assam Youth Empowerment Yojana

SVAYEM scheme was managed and initiated by the Department of Industries & Commerce Assam. This year the Finance Minister of Assam have Re-designed the scheme. Rupees 1000 crore has finalized to sanctioned for the Swami Vivekananda Assam Youth Employment Scheme for Younger youth of Assam.

Approx. 2 lakh youth has got benefited from this scheme, 50000 rupees will be offered to the beneficiary. Now, the scheme has reached a significant part of the Assam population. Many beneficiaries have got benefited from this scheme, but still there are many areas remains to reach out.

To include more people in this scheme, the govt. have re-designed and launched again on January 20, 2021. This will create a more business environment for young youth of Assam.


About Assam Swami Vivekananda Youth Empowerment

Assam Youth Empowerment Scheme was announced by the Finance Minister of Assam in the budget speech on 07th Feb 2017. This scheme financially supports the youth of Assam by giving them chance for income-generating through manufacturing, trading and service sectors.

Under this scheme the Assam State Govt. will provide the financial aid of Rs. Fifty thousand each to 2 Lakh youth to encourage them for entrepreneurship. This plan is managed by the Department of Industries and Commerce, Assam (2020). It will help to strengthen and support the local industries as well as improve the rural economy.

The main focus is on income-generating activities like trading, manufacturing, service sectors etc. SVAYEM Yojana mainly focus on the entrepreneurship-oriented atmosphere in the Assam state. Till date 95930 groups have been registered and 62295 application forms have been submitted under this scheme.

SVAYEM scheme detailed infographics

As we know the current situation of country due to the corona virus pandemic, many peoples got unemployed and business have gone down. But in such situation , scheme like Swami Vivekananda Empowerment Scheme helps a lot to overcome from this stage.

Many scheme has been introduced by the Assam Govt. this one of the Social Welfare scheme which is most important and efficient scheme to ensure the employment. This schemes provides the wonderful employment opportunity to improve the livelihood of the youth of Assam.

The main aim of SVAYEM scheme is to divert the youth attention towards the job, income source generating activities, so that not only state Nation will progress.


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SVAYEM Scheme 2022 Overview

Name of the SchemeSwami Vivekananda Assam Youth Empowerment Scheme
Introduced ByAssam Government
Implemented byDepartment of Industries and Commerce
Re-Launched or Re-Designed on20th January 2021
LevelState-level
Main ObjectiveEmployment generation
Beneficiaries2 lakh Assam Youth
Scheme amountINR 1000 crore
Launched DateFebruary 2017
Financial SupportINR 50,000/ individual
Online registration starts fromto be notified
Official websiteassam.gov.inClick Here

Objective of Swami Vivekananda Assam Youth Empowerment Yojana

The main objective for launching the Swami Vivekananda Assam Youth Empowerment Scheme 2022 is to provide the proper employment chance to the youth of the state. Through this scheme not only rural as well as urban residents of the state will also get chance of employment.

Through this scheme the youth will get many employment opportunities to improve their standard of living. Now there will be no one in the state who don’t have job or remains unemployed. This scheme is specially launched in order to improve the life of youth and focus on the work.

Now there will be no unemployment and new business will be started or established which will grow the business and increase the value. For this people will get the financial support by the Assam state Govt. so that they can invest the money in micro and small businesses. This will encourage the youth to participate in income generating activities. The income will increase the traditional artisans of Assan State.


Redesigned Assam Swami Vivekananda Assam Youth Empowerment Scheme

On 20 January 2021, Assam Swami Vivekananda Youth Empowerment Scheme was redirected or re-designed by the Assam Chief Minister Sarbananda Sonowal and Finance Minister Dr. Himanta Biswa Sarma. In this scheme , the state govt. is providing the financial aid of Rs. 50,000 to 2 lakh beneficiary of the state.

Financial support is provided to self-help groups of 5 to 20 members. This announcement is made a a function in Kumar Bhaskar Burman area, Aminagaon. Through this RE-SVAYEM Scheme Entrepreneurship skills will be developed with in the youth of Assam state. In future the eligible groups will get the facilities in another or different areas.

  • Eligible groups like PWD, Water resources, irrigation etc. will gets registered under the departments. With the help pf these groups, work can be done for the small scale industries in rural areas.
  • RE-SVAYEM Yojana is re-designed to develop an entrepreneurial ecosystem in the state. Which will help rural economy and local industries to get developed.
  • Financial support is provided to the self-help groups, Farmers Producer Organizations, Joint Liability Groups, Cluster Level SPV/ Federation consisting of 5 to 20 members.
  • RE-SVAYEM Scheme provides the financial aid to start a new business ventures or to expand an existing business. Rs. 50,000 is going to provide to each eligible selected group in two parts.

Re-SVAYEM Started In Dima Hasao And Tinsukia District

Re-SVAYEM Scheme has been launched in Dima Hasao district, which will benefit 100 beneficiaries in 1st phase and 643 in 2nd phase. In 1st installment, Rs. 30000 will be provided to the beneficiary and in 2nd installment Rs. 20000 will be given under the RE-SVAYEM Yojana.

On 24 January 2021, a program was held and Rs. 30000 as a financial help was given to the 5 beneficiaries. Rs. 5 crore has been sanctioned for Re-Designed Swami Vivekananda Assam Youth Empowerment Scheme for Dima Hasao District.

With the help of this scheme, the state will have a proper employment opportunities in both rural and urban areas. The people who unemployed will get a new chance to explore and expand their future. This is very great idea by the govt. to engaged the youth in income-generating activities like trading, manufacturing.

On 21 January 2021 the Re-designed Swami Vivekananda Youth Empowerment Scheme was launched in Tinsukia District. This scheme was introduced in a centralized program held at Golap Chandra Ravi Chandra Natya Mandir at Tinsukia. Around 14,021 people of Tinsukia district got benefited by this scheme.

Important links

Official NotificationSVAYEM Notification
Application formSVAYEM
Official PortalSVAYEM Portal (Temporarily Unavailable)
SVAYEM ApplyApplication Process of SVAYEM (Temporarily Unavailable)

Benefit Of Swami Vivekananda Assam Youth Empowerment Scheme

  • The Assam Govt. is giving Rs. 50000 to each beneficiary who have participated in Swami Vivekananda Assam Youth Empowerment Scheme. Total of Rs. 1000 crores is approved by the govt. for SVAYEM Scheme.
  • Proper Financial aid will be provided to the people so that they can grow their own individual businesses.
  • Regional and Small business will be provided appropriate facilities to increase the sales and provide wide range of products in the country.
  • Exposure will be provided to all small and regional artisans in the Assam State.
  • People can adopt small activities and make them large through their investments and proper financial funds.
  • Benefit of Rs. 1lakh to all new entrepreneurs will be given.
  • For all new entrepreneurs Rs. 20,000 for provision of subsidy will be provided (20%)
  • For existing entrepreneurs Rs. 2 lakh will be benefited.
  • Monetary aid and SVAYEM Loans will be provided by the private, public and rural banks.
  • Provision subsidy of Rs. 40,000 will be provided for new entrepreneurs (20%).

Eligibility Criteria for Swami Vivekananda Assam Youth Empowerment Scheme

To apply for Swami Vivekananda Empowerment scheme , check the following eligibility criteria before applying for it.

  • The applying candidate for the scheme must be a permanent resident of Assam state.
  • There is no income limit to apply for this scheme.
  • Applying applicant should be over 18 years in order to apply for this scheme.
  • The applicant must have at least education qualification (10th standard) to apply for the scheme.
  • Individual beneficiary should have some extra skills, experience, knowledge etc, so that they can have income-generating activities.
  • PMEGP Beneficiaries of last 5 years are not eligible to apply for this scheme.
  • Beneficiary should not be a defaulter of any kind of loan.
  • Candidate must have skill development training.
  • In case if the information provided by the beneficiary found to be incorrect, then action will be taken against it and cancellation of loan can be done. Recovery of amount in the form of Bakijai and blacklisting for future benefit.

Documents Required To Apply for SVAYEM Yojana

Those who fulfil all the eligibility criteria mention above are able to apply for the scheme. There are some important documents needed to apply for the scheme. Below are the list of documents require to apply for the scheme, check it below.

  1. Age Proof
  2. Education Qualification Proof
  3. Certificate showing your experience
  4. ID Proof (Aadhar card, Driving License, Coter ID etc.)
  5. National Food Security Card
  6. Assam Ration Card
  7. Business License
  8. Residential Proof
  9. Certificate of Business Registration
  10. Proof of Business Ownership
  11. Certificate of any training of skill Development (if relevant)

Items banned for fund allocation under SVAYEM or Negative List Of Activities

  • Production of intoxicant items
  • Bidi, Pan Masala, Cigarette, etc.
  • Sales Outlet for liquor
  • Plastic Bags below 40 microns

Activities Included for funds allocation under SVAYEM

The following activities are included in New Swami Vivekananda Assam Youth Empowerment Scheme:

  • Processing
  • Manufacturing
  • Trading
  • Tourism
  • Rural Transport Services(Auto Rickshaw, e-Rickshaw)
  • Service Sector
  • Shops, Handicraft, Cottage Industries, Repairing centers etc.

Other than these Agriculture and allied sectors, electric shops, tent house, food processing industries, mobile recharge are also included in the activities. Other than this MSMEs service industries included in the scheme.

Specifications for banking/ financial assistance

The beneficiary has to give 25% of the total cost of the project after SVAYEM loans gets sanctioned, (For eg, for a loan amount of Rs. 1Lakh you have to give Rs. 25,000 to the bank)

  • Funds for the Liquids will not be kept as security.
  • Time for repay the loan amount is 3 to 7 years, according to the concerned bank.
  • For Capital expenditure (fixed and working) ,financial support will be provided by the bank in the form of SVAYEM loans.
  • Hypothecation is allowed for fixed assets such as Machinery, plants etc and current assets like furnished, raw material and unfurnished products.
  • SVAYEM Loan amount will get released by the bank after claiming the subsidy amount.
  • Nodal Bank releases the subsidy to the financing bank.
  • Amount of money granted by the bank to the beneficiary will be only 55% of the sustained cost of the project (For eg.- Rs. 55,000 will be provided by the bank for the SVAYEM loan amount of Rs. 1lakh.

The interest loan rates for the SVAYEM loans will be as per the RBI Guidelines for MSE Units.


SVAYEM Institutional and Implementation Provision

Provision of Institutional and Implementation under Swami Vivekananda Assam Empowerment Scheme is given below:

  • The SVAYEM Scheme is implemented by the District Industries and Commerce Centre of the State.
  • A Memorandum will get executed by all banks in order to implement this scheme.
  • Public banks, Private Banks and Regional Rural Banks will be the Lead agency in this scheme.
  • Nodal Department to implement the scheme is the Department of Industry and Commerce

SVAYEM Scheme Interest Rate and Repayment Schedule

The Interest rate and Repayment Schedule in SVAYEM Scheme is as follow :

  • The interest rate for SVAYEM loan will be charged as per the Reserve Bank of India (RBI) Guidelines.
  • Final Postponement will be explain by the Financial Institution.
  • Repayment will be schedule between 3 and 7 years after the last moratorium.

Procedure Regarding Bank Finance under Swami Vivekananda Empowerment Scheme

The procedure regarding the Bank Finance under SVAYEM Yojana is as follow:

  • Bank will donate approx. 55% project cost under the scheme.
  • It is compulsory for the beneficiary to deposit 25% project cost after the loan in the bank.
  • Capital Expenditure will be supported by the bank through loans.
  • After receipt of subsidy, the loam amount will get released by the bank.
  • Bank will also provide the working Capital.
CategoryQualifying AmountGovernment Subsidy PercentageBeneficiary contributionBank LoanRemarks
Existing entrepreneur  Rs. 2 Lakh 20% 25%55%Project cost maximum subject to Rs.40000
New entrepreneur Rs. 1 Lakh20%25% 55% Project cost maximum subject to Rs.20000

Approval Procedure For SVAYEM

  • Advertisement will going to be held in the various districts of the state.
  • All applications are invited through this advertisement.
  • Beneficiary have to submit their application at district level.
  • Concerned authority will accept the application by online process.
  • Once your application gets submitted, then it will be scrutinized by the General Manager of the District Level Committee.
  • Then your application will be examined by the committee.
  • Confirmed application will be suggested to the bank.
  • Final decision will be taken by the bank.
  • Your loan will be issued in 5 working days once your proposal gets selected.
  • Bank then submits a margin money subsidy proposal against borrower.

In this way you will gets the approval for Swami Vivekananda Empowerment scheme.

District Level Committee

The District level committee shall be as follows:

Deputy CommissionerChairman
Bank Branch Manager of the districtMember
Any other member may be opted by the
Chairman
Member
Lead Bank ManagerMember
Representative from the MSME-DMember
General Manager, DI&CC of the districtMember Secretary

State Level Committee List

State level committee shall be as follows :

Senior most Secretary to the Government of
Assam, Industries and Commerce Department
Chairman
Director, MSME-DI, GuwahatiMember
Commissioner & Secretary to the Government
of Assam, Finance Department
Member
Nodal Officer of Representative of State Nodal
Banks.
Member
Commissioner of Industries and Commerce,
Government of Assam
Member
Additional Director of Industries and
Commerce Department, Government of
Assam
Member Secretary

Registration Procedure for Swami Vivekananda Assam Youth Empowerment Scheme

In order to apply for the scheme you will require the documents. Below we have given the application procedure for Swami Vivekananda Assam Youth Empowerment Scheme. Those who want to apply for the scheme, check the steps given below:

  • You need to visit the official portal of SVAYEM.
  • Portal homepage will vets open before you.
  • Now, click on the tab showing “New Registration“.
Swami Vivekananda Assam Youth Empowerment Scheme Registration
  • After clicking on the tab, you will be redirected to the new page.
  • Here you need to fill in the group name along with mobile number.
  • Now you need to generate OTP for the number.
Swami Vivekananda Assam Youth Empowerment group registration
  • Next, enter the OTP send to your mobile number.
enter otp
  • Here you need to create a password for your profile.
  • Create the password which must include the character, numbers and alphabets.
  • Now, click on the “Submit” tab.
create password
  • A new page will be shown for your successful registration.
  • Next, click on the “Login” option.
  • Now you will get redirected to the official homepage of the portal.
  • Here you need to click on “Login Now“.
  • Fill the application form properly.
  • Check the details enter and in this way your application process is completed.

Application Process Of Swami Vivekananda Assam Youth Empowerment Yojana

If you want to apply for the scheme follow the below easy steps mention.

  • Those who want to apply for the scheme have to visit the Official web portal of SVAYEM.
  • Homepage will appear on your screen.
  • Now, click on the link given download the official notification for Swami Vivekananda Scheme.
  • Here you need to click on the “Download Application Form PDF” of the scheme.
Swami Vivekananda Assam Youth Empowerment Yojana Application form
  • Fill the details asked in the application form.
  • You need to attach all the required documents asked along with the application form.
  • Now Submit the Application to the District Level Committee (DLC).

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Re Svayem Scheme (Conclusion)

Svayem scheme services and all other information available in this article. Benefits of this portal, important required documents, registration process and re svayem login process etc. If you have any issue about this website you can contact on helpline number which is available on svayem portal.


FAQ

How Can I download the SVAYEM Scheme List 2022 pdf online ?

If you want to download the final merit list and beneficiary list we have provided the direct link in the article. Check the link and download it.

What is Swami Vivekananda Assam Youth Empowerment Scheme about ?

SVAYEM Scheme is scheme run by the Assam Govt. for the youth of Assam state. The main of scheme is to employ the youth from rural as well as urban areas. The scheme promotes group business and small business.

Who has launched the SVAYEM Scheme?

SVAYEM scheme is launched by Mr. Himanta Biswa, the finance minister of Assam state.

In the SVAYEM scheme how many group members will be included ?

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

What is ‘seed money’?

The “Seed Money” is the initial amount provided to start a new business which will create more business in the state.

What is the cost of the SVAYEM Scheme?

SVAYEM Scheme has been launched or re-design again with a budget of Rs. 1000 crore.

How to apply for Swami Vivekananda Empowerment scheme?

The interested candidates can apply for the scheme through the official portal of Re-SVAYEM. Candidates have to log in and complete the application form.

What is the full form of SVAYEM?

The full form of SVAYEM is Swami Vivekananda Assam Youth Empowerment Scheme.


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