The youth often play a crucial role in the economic welfare of a nation. With the rising wave of unemployment in the country, skilled and hard-working youth are finding themselves without opportunities to generate income and the morale of the nation’s youth seems to be heading towards despair.

However, the Chhattisgarh government seems to have acknowledged the crisis and started work in order to bring about some relief to the state’s youth. The state government, paying heed to the troubles of the youth, have initiated the Chhattisgarh Mukhyamantri Yuva Swarojgar yojana 2021.

About the Chhattisgarh Mukhyamantri Yuva Swarojgar yojana 2021

The scheme has been designed in such a way that the youth of the state finds the right avenues to generate revenue. The main objective of the scheme is to offer complete financial assistance – which involves offering financial assistance, guarantee, training and follow-up – so that the youth of the state can set up industries, services and businesses thereby working towards self-employment.

Another objective of the Swarojgar scheme is to increase employment opportunities in rural and urban areas by motivating the youth power of the state towards the ultimate aim of self-entrepreneurship. This also aligns itself with the Make In India initiative suggested by the Centre.

The scheme aims to create a positive environment in the state so that enterprises meet consumer needs – both urban and rural in nature. And finally, the implementation of the scheme will also have a positive impact on ancillary industries that are related to agriculture.

Loans from the banks or financial institutions

Under the implementation of the scheme, loans will be provided to eligible youth through banks / financial institutions for construction, service and business, the limit of which is mentioned as follows:

  • Manufacturing enterprise – Project cost maximum ₹25 lakhs
  • Service industry – Project cost maximum ₹10 lakhs
  • Business – Project cost up to ₹2 lakhs.

The amount set for land acquisition will not be included in the project cost and only 20 per cent of the proposed amount under the fixed capital investment will be considered for building.

Interest subsidy on the loans

Interest subvention – the following interest subvention will be given on the term loan and working capital disbursed by banks / financial institutions after the establishment of the enterprise.

General class5% grant from the date of first loan disbursement – up to a period of five years.
Maximum limit on term loan ₹50,000 per annum on working capital loan ₹25,000 per annum.
SC/ST/OBC/Minorities/Women/Disabilities/Ex-servicemen/Naxal affected citizens8% gran from the date of first loan disbursement – up to a period of five years – with a maximum limit of ₹75,000 per annum on working capital loan of ₹40,000 per annum.

In conclusion

Through the implementation of this scheme, the people of Chhattisgarh, especially the youth, now move forward with renewed hope and a vision to create employment instead of having to look for it.

This way, the talents and the energies of the youth can be directed in a productive direction which will eventually not only benefit the state but the nation on the whole.


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