Skip to main content

Odisha Swayam Scheme 2024 – How to Apply Online for Rs. 1 Lakh Interest Free Loan, Check Status @ swayam.odisha.gov.in

By Digital Mitra

 The Odisha state government has introduced the Odisha Swayam Scheme 2024, also known as the Swatantra Yuva Udyami Scheme, to aid financially disadvantaged residents of Odisha. This initiative aims to support the youth of Odisha by providing interest-free loans.

Under the Odisha Swayam Scheme 2024, selected applicants will receive interest-free loans of up to INR 1 lakh. Those who meet the eligibility criteria are required to complete the application form on the official website to access the benefits of this scheme. Only permanent residents of Odisha state are eligible to avail themselves of this scheme's benefits.

Odisha Swayam Scheme 2024

The Odisha Swayam scheme, initiated by the state government, aims to support financially vulnerable citizens of Odisha in establishing their small enterprises. This endeavor is anticipated to boost employment opportunities within the state as these small or micro businesses grow and start hiring individuals.

Selected candidates under the Odisha Swayam Scheme 2024 will receive financial aid in the form of interest-free loans, amounting to INR 1 lakh. These loans are extended with a repayment period of 4 years, allowing recipients ample time to establish and stabilize their businesses without the burden of interest.

How to Apply for Odisha Swayam Scheme Online?

STEP 1: Go to the Official Website

To apply for the Odisha Swayam Scheme online, the applicant first need to go to the official website.

STEP 2: Click the Registration Link

On the home page click on the of Registration.


STEP 3: Fill the Registration Form

A new Swayam Scheme registration form page will appear on your screen. Fill out all the details that are asked and attach all the necessary documents.


STEP 4: Submit the Form

Click on the Submit to complete your process. Complete further steps, is any. An application number or the acknowledge number will be provided, keep not of it for future reference.

Odisha Swayam Scheme Login / Check Status

  • To do Odisha Swayam Scheme Login, applicants again can go to the official website.
  • Select the applicant Login link on the website or directly click here.
  • A new page will appear on your screen.
  • Enter your user ID and password.
  • Click on the option Submit to login into your dashboard where you can check the details and status of your application.

Odisha Swayam Scheme Guidelines PDF

The detailed guidelines of Odisha Swayam Scheme can be downloaded in PDF format from the official website in English and Odia using the following direct links.

Motive of Odisha Swayam Scheme

The primary objective behind introducing the Odisha Swayam Scheme is to combat the unemployment challenges prevailing in the state by offering a range of benefits. Through this initiative, the Government of Odisha endeavors to significantly diminish the unemployment rate by extending financial support to applicants, enabling them to establish their microenterprises.

The scheme is slated to remain operational for a duration of 2 years from the date of notification by the State Government, with the possibility of further extension based on governmental decisions. Over the span of 2 years, the scheme aims to cater to the needs of one lakh youth, a figure subject to extension per the government's discretion. The allocation of district-wise targets will be facilitated by the PR& DW Department, which will subsequently be distributed among eligible banks within the district by the SLBC.

Who Launched Odisha Swayam Scheme 2024?

The Odisha state government launched the Swayam Scheme to provide interest-free loans to the youth of state. All the permanent residents of the state between the age of 18 and 35 years are eligible to avail the benefits of the Odisha Swayam Scheme. The financial assistance of INR 1 lakh as loan will be given to the selected applicants under this scheme.

Highlights of Odisha Swayam Scheme

Name of the schemeOdisha Swayam Scheme – Swatantra Yuva Udyami
Launched byOdisha state government
BenefitsInterest free loan of up to Rs. 1 Lakh
Loan Repayment Period4 Years
ObjectiveTo increase the employment rate in the state
BeneficiariesOdisha state citizens
Official websitehttps://swayam.odisha.gov.in/

Eligibility Criteria for Odisha Swayam Scheme

  • The applicant must be a permanent resident of Odisha state.
  • The applicant must be between the age group of 18 to 35 years.
  • The age limit is 40 years for all the applicants who belong to the SC ST or PWD categories.
  • The annual income of the applicant’s family must not exceed INR 2 Lakh.
  • The applicant must be a UDYAM registered applicant.

Required Documents

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

Odisha Swayam Scheme Benefits

  • The selected applicants under the Odisha Swayam scheme will get financial assistance in the form of interest-free loans from the authorities.
  • The loan amount of INR 1 lakh will be transferred directly to the selected applicant’s bank account.
  • The applicants can start their own micro business in Odisha state with the help of financial assistance.
  • This scheme will create employment opportunities for all the citizens of Odisha state.
  • The applicant can repay the loan amount easily after a period of 4 years.

Insurance Coverage

  • There will be compressive insurance coverage on all types of risks including floods and earthquakes

Mode of Implementation for Swayam Scheme


A dedicated website will be provided for the registration and submission of applications for the scheme.
Applicants can also utilize the services of Mo-Seva Kendra for submitting their applications.
During the application process, beneficiaries will select the bank of their choice.
Upon receipt of applications, the concerned bank will conduct the necessary due diligence, including desk and field verifications, before sanctioning eligible applications.
During field verification, the bank will assist the applicant in preparing the required simplified Detailed Project Report (DPR) for loan sanctioning purposes.
Following loan sanction and the deposit of State Guarantee and margin money, the banks will disburse the loan amount to the applicant.
Beneficiaries are required to deposit Equated Monthly Installments (EMIs) with the concerned bank regularly after the moratorium period. It's important to note that interest will be charged during the moratorium period as well, starting from the date of the first disbursement. However, beneficiaries will begin repaying the loan only after the moratorium period ends.
Beneficiaries have the option to repay the loan amount earlier than the scheduled period or opt for higher EMIs. Banks will not levy any penalty for modifying the repayment schedule or foreclosing the loan.

Contact Details

0674 – 2974093






Labels:

Comments

Post a Comment

Popular posts from this blog

UIDAI Aadhaar Services – How To Generate Virtual ID Number at uidai.gov.in

By
 The Unique Identification Authority of India (UIDAI) has introduced a valuable offering known as the 16-digit Virtual Identity (VID) Number for all residents. With this development, individuals will no longer be required to divulge their 12-digit Biometric Identification Number or Aadhaar Number in various situations. Instead, they can easily generate or retrieve their VID through the UIDAI Portal and utilize it for any necessary purposes. The Virtual ID will serve as a replacement for the Aadhaar Number in processes involving authentication and Know Your Customer (KYC) requirements. This innovative UIDAI Aadhaar Service is designed to enhance the privacy and security of the Aadhaar Database, providing individuals with added confidence in their personal information. The 16-digit Virtual ID serves as a protective barrier within the Aadhaar Database, addressing the privacy apprehensions of the populace. Individuals can employ this Aadhaar Service for activities such as acquiring a new S
Post a Comment
Read more

ई-बुक क्या है? eBook कैसे लिखे और बनाये? Information About eBook In Hindi

By Digital Mitra
  eBook क्या होता है? What is an eBook? दोस्तों जैसे की नाम से ही पता चलता है। कि ये एक बुक होती है। लेकिन ये कैसी बुक होती है। eBook का पूरा नाम  electric book होता है। आप इसे pdf भी कह सकते है। इस तरह की book एक इलेक्ट्रोनिक book होती है , जिसे केवल आप मोबाइल या कंप्यूटर पर ही पढ़ सकते है। ई-बुक की कोई print कॉपी नहीं होती है। लेकिन यदि आप चाहे तो ऐसे प्रिंट भी कर सकते है।  जिस तरह बुक का कोई न कोई लेखक और owner होता है। उसी तरह ई-बुक का भी कोई लेखक और कोई न कोई owner होता है। ईबुक बिलकुल बुक की तरह ही होती है। यहां पर मैं आपको बता दूं कुछ लोग पीडीऍफ़ और ई-बुक में भ्रमित रहते है। वो समझते है कि ई-बुक और पीडीऍफ़ अलग अलग होती है। लेकिन ये सच नहीं है। पीडीऍफ़ और ई-बुक दोनों एक ही चीज़ होती है  computer और मोबाइल का use दिन पर दिन बढ़ रहा है। जिससे eBook की भी डिमांड बढ़ती जा रही है। इस्ससे आपको ये फायदा है कि आपको भरी भरकम किताब धोना नहीं पड़ता है। और न ही उनकी सुरक्षा ही करनी होती है। और आप जब चाहे जहा चाहे वहां पर eBook रीड कर सकते है। ई-बुक क्या है? eBook कैसे लिखे और बनाये? Information Abou
Post a Comment
Read more

mahacmletter.in – Maha CM Letter Registration / Upload Selfie

By Digital Mitra
 Maharashtra students are engaged in a unique initiative led by the Chief Minister (CM). Over 2 million students in the state's schools have received a letter from the CM, inviting them to participate. Students are encouraged to capture a photo with their parents and school supplies, and then share it online. To participate, students should visit www.mahacmletter.in and upload their photos, along with a brief, ten-word motto. The submission period is from February 17th to February 25th, 2024. Registration on the website is required for participation. Maha CM Letter Registration @ mahacmletter.in Students in Maharashtra who got the Chief Minister’s (CM) letter need to take a selfie with their parents. They also need to write a short, 10-word slogan about education. All of this gets uploaded to a special website for a chance to win a prize! Feature Description Purpose Project by Maharashtra’s Chief Minister to boost education in the state Target Audience 2.11 crore students in Mahara
Post a Comment
Read more