Deen Dayal Swalambam Yojana Scheme

05 Jan 2023

For Aspiring Entrepreneurs & Unemployed Youths in Arunachal: Deen Dayal Swalambam Yojana Scheme

What is Deen Dayal Swalambam Yojana?

Oftentimes, an individual’s talent, skills and vision remain untapped, trying to fit into a career in the pursuit of security, but not necessarily in the pursuit of their interest. The administration sector is one such career vertical where many youths attempt to get in every year, in the want of a secured career path. However, it is important to note that the administration sector (or any other sector / industry for that matter) does not have the scope to employ everyone, owing to finite vacancies and opportunities. Hence, the Deen Dayal Svalambam Yojana, a state flagship startup loan scheme, launched by the Government of Arunachal Pradesh in the year 2017 was introduced as a means to curb unemployment by uplifting the unemployed youth of the state through investment in the entrepreneurial sector.

The scheme caters to startups in the following sectors:

  • The Agri-Horti & allied sector.
  • Food-processing units in agriculture, horticulture and allied sectors include packaging, cold chain, cold storage, bamboo etc.
  • Traditional textile weaving for modernisation of traditional looms and purchase of new looms to start a new weaving unit.
  • Eco-tourism including homestays and tour operators.
  • To-be-set-up Small-scale manufacturing units /service centres/ diagnostic centres. Preference is to be given to those unemployed youths having Degree/Diploma holders in Tourism & Hospitality, ITI or any other technical degree/diploma related to Fabrication, lT, Mobile repairing, Motor Garage etc. Preference will also be given to private doctors for the opening of medical clinics and diagnostic centres in the Border CD blocks However, the clinical fees shall be fixed at a reasonable rate).

Highlights of the scheme

  • 40 % back-ended capital investment subsidy
  • Project loan from Rs 10 lakh up to 1 Cr (excluding the cost of land & building)
  • Women entrepreneurs are entitled to receive additional 5% interest subvention annually as long as they do not become NPA (Non Performing Assets).

Benefits & Beneficiary

The program launched under the leadership of the Hon’ble Chief Minister of Arunachal Pradesh, Shri Pema Khandu, intends to provide financial assistance in low-cost capital as a subsidy for the entrepreneurship endeavour, for those unemployed youth who are interested in the business sector.

Under the Deen Dayal Upadhyaya Swavalamban Yojana, the state government in collaboration with SBI, has been assisting unemployed youths who wish to set up small and medium enterprises, in obtaining bank loans between Rs. 10 lakh and Rs. 1 crore with a provision of 40% front-ended capital investment subsidy of the project cost. In accordance with the programme, candidates may borrow money from any state bank, except Arunachal Pradesh Rural Bank (APRB) and Arunachal Pradesh State Co-operative Apex Bank Ltd (Apex). Women business owners are also eligible for an additional 5% subsidy each year, up to a total of 30%, as long as they don’t become non-performing assets (NPA).

Eligibility & Registration

Any unemployed youth who wishes to embark on an entrepreneurial journey and start a business can apply for the scheme. Women entrepreneurs get the privilege of double the benefits of the scheme.

To register, the eligible beneficiaries must enroll themselves with the Stand Up India programme of the national government to avail the benefits of the scheme and the rest of the process is mostly offline.

Application Process

  • Register at Stand Up India Portal
  • Prepare a DPR on any of the eligible Activities
  • Fill in Form (Annexure A) and declaration
  • Submit the Application along with all details/certificates in the Office of ADC, Hq and obtain acknowledgement of receipt
  • Appear before District Level Screening Committee as and when called for
  • Applicable only in commercial Banks.

For safety and security reasons related to money, selected candidates are mandatorily required to contribute at least 10% of the project cost from their own pocket as part of the Swavalamban startup loan programme.

Both central governments and state governments constantly come up with strategies and measures to provide comfort to their citizens and bring peace to its community. For that reason, several schemes and projects have been rolled out for the welfare and prosperity of the people. But many individuals continue to remain unaware about them. This is a major reason why various measures have been initiated to bring awareness to the otherwise unaware citizens with initiatives such as Sarkar Aapke Dwar and more.

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