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Swayam Scheme Odisha Government: In Depth Analysis 
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Swayam Scheme Odisha Government: In Depth Analysis 

Jul 8, 2024

The Swayam Scheme launched by the Odisha Government is one of the most prominent schemes of the government of Odisha. It was launched on 12th of February, 2024. The main aim of the scheme is to help the youth of the state by offering them interest free-loans. Moreover, you might want to know more about the scheme in depth. Right? Well, in this blog you will be provided with all the relevant and complete information about this scheme by the government of Odisha. You just need to stick around with this blog till the end of the discussion. This blog is all about Swayam Scheme Odisha Government

About Swayam Scheme Odisha Government

Swayam Scheme Odisha Government is one of the schemes that is launched by Odisha government to uplift the youth. In addition to this, the scheme was launched on 12th of February 2024 by the government of Odisha. The main objective of this scheme is to uplift the youth and develop themselves by offering loans to them with less or no interest. It is a project for youth upliftment. This great initiative taken by the government of Odisha directs the youth towards the right path and development of their future as they are the future of the country.

It is also known as Swatantrata Yuva Udyami. In addition to this, it provides financial assistance to encourage the youth to set up small enterprises relating to manufacturing, service and other local businesses. The individuals who enroll in this scheme, are eligible to get loans without any interest. Through that fund, they can start a new enterprise or even expand their existing business. 

Swayam Scheme Odisha Government: Objective of Swayam Scheme

The main objective of this scheme is to empower the youth of the state and encourage them to set up their own enterprise or uplift their existing business. With the help of this scheme, you can get upto the financial assistance of Rs.95,000 if they meet the eligibility criteria of the scheme. It aims to offer loans at 0% interest rate so that the youth can get funds to start their business without any burden of repaying the loan. 

Swayam Scheme Odisha Government: Benefits of the scheme 

  • Youth can get an interest free loan for projects up to ₹95000. 
  • The applicants can set up their business or even expand their existing business. 
  • More than 2 lakhs youth can apply under this scheme.
  • This scheme can provide benefits to the weaker sections of society to become financially stable and start their own business. 

Swayam Scheme Odisha Government: Swayam Scheme Eligibility Criteria 

To avail loans under the scheme, the eligibility criteria is required to be fulfilled. Given below is the eligibility criteria for the same:

  • The individual applying for this scheme must be a citizen of Odisha. 
  • The individual must be between 18-35 years of age. However, if the individual belongs to SC, ST or PwD category, the age required is 18-40 years. 
  • The applicant must be between 18 to 35 years of age. When the applican belongs to the SC, ST or PwD category, the age criteria is 18 to 40 years.
  • The individual’s family must be covered under the Krushak Assistance for Livelihood and Income Augmentation (KALIA) or Biju Swasthya Kalyan Yojana
  • (BSKY) scheme. In addition, they must have an income of less than Rs. 3 lakh per annum if residing in urban areas and Rs. 2 lakh per annum in rural areas.
  • The individual must have a UDYAM registration and UDYAM assisted registration number. 

How to Apply for the Swayam Scheme?

Applying for the Swayam scheme is very simple. Just follow this simple steps:

  • First of all, visit the official website of Swayam scheme. 
  • In the next step, a new homepage opens in front of your screen. on the homepage, click on the registration option and select urban or rural.
  • Now, you need to fill out the required information on the registration form such as your mobile number, name, email ID and more to complete the registration.
  • After the registration is complete, click on the Login button given on the website and select the Applicant option.
  • Now, you need to enter your Aadhaar or mobile number and click on the login button.
  • In the next step, you need to fill out the Swayam scheme application form and click on the submit button.
  • Now, upload the required documents and click on submit to complete the application process.

Mandatory Documents

Applicants need to upload these mandatory documents given below:

  • Passport-size photograph of the applicant. 
  • Age proof (Aadhar card, PAN card, Voter ID, birth certificate, 10th board certificate)
  • Proof of address (Aadhar card, resident card, driving license, voter ID, electricity bill, ration card)
  • Annual income certificate or Biju Health Welfare Yojana card. 
  • UDYAM registration 
  • Caste certificate 
  • Disability certificate (if any)
Swayam Scheme Odisha Government
Swayam Scheme Odisha Government

Final words 

In brief, Swayam Scheme Odisha Government is one of the successful schemes that have uplifted several youth by providing them immediate funds. In addition, you don’t need to repay the loan interest as the loans are provided at 0% rate of interest. Applicants who are interested can apply for this scheme if they meet the eligibility criteria of the scheme. Tell us your thoughts on the Swayam scheme started by the Odisha government. Moreover, if you have any queries or suggestions, drop them in our comment box.

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