A new scheme has been launched in Odisha which has been named ”Swayam Yojana”. Under this scheme, the youth of Odisha will get an interest free loan of Rs 1 lakh. Swayam Yojana Odisha you do not need to pay any kind of interest or application fee. The loan repayment period for this loan has been kept at 4 years. This initiative of the government will assist the youth to start their own small, MSME businesses and participate in enhancing the business environment of the state. The information below explains who is eligible for the scheme, what kind of documentation is needed, what the government criteria are, and how to apply for Swayam Yojana Odisha.

Swayam Scheme Odisha Key Point

For helping those who qualify launch their small or medium-sized enterprises, the government would provide interest-free loans up to Rs. 1 lakh.

Swayam Yojana Odisha : Eligibility

The following qualifying requirements must be met by applicants submitting an application for Swayam Yojana Odisha :

• The Interested applicants must be permanent residents of Odisha state.
• The applicant who is interested must have a ration card.
• To be eligible for the loan, the applicant must be between the ages of 18 and 35.
• Interested people from the Scheduled tribes must be between the ages of 18 and 40.
• Rural Candidate : Your family income should be within Rs 2 lakh per year.
• Urban Candidate : Your family income should be within Rs 3 lakh per year.
• Applicant looking for loans who are unemployed in rural regions, prefer to expand their businesses, and do not already have any unpaid loans from government schemes can submit applications.
• Applicants who have been employed by either the state or the federal governments are not eligible for this scheme.

Also Read, Swayam Yojana Odisha Online Apply Process

Swayam Yojana Odisha : Benefits

Some of the major benefits of Swayam Yojana Odisha are as follows:

• Financial Assistance : If ration card holders meet the requirements, the state government will give them financial assistance in the amount of Rs 1000. The PDS recipient households will get this financial support to help them enhance their standard of living and stabilize their sources of income.
• Interest-Free Loan up to Rs 1 Lakh : The government will offer young people with Rs 1 lakh interest-free for starting their businesses.
• The government’s initiative to support young entrepreneurs in the state and assist them in starting their own businesses without regard to their interests is praiseworthy.
• In addition to enlightening the state’s financial atmosphere, this will inspire young people who are unemployed or underemployed in both rural and urban areas to start their own businesses.
• Loan to expand the business : It is also possible for young people to apply for the loan and grow their businesses.

SWAYAM Yojana Odisha : Required Document

The documents you will need while applying for the scheme are essential, so here is the list of documents:

• PAN Card
• Caste Certificate,
• Residence/Domicile Certificate,
• Aadhar Card,
• Bank Account details,
• Mobile number
• Business details if you are looking to take a loan to expand your business.

As per the current reports, there will be no application fee, so once the portal goes live the Odisha government will apply for the scheme immediately. So, Stay yourself updated regarding any new information about this scheme so you will know about the official launch of the portals.

Also Read – Kalia Yojana Online Apply, Track Status, Beneficiary List

SWAYAM Yojana Odisha 2024 : Apply Process

• At first visit the official website – https://swayam.odisha.gov.in/
• On the main page, choose the ”Apply” option for submitting an application online.
• Next, finish the application by entering your name, address, phone number, Aadhar card information, and any other relevant certificates.
• After that, double-check everything you uploaded. If there are any errors, you may make changes.
• When you’re ready, click the submit button to apply it.

Important Links