SWAYAM Yojana Odisha Apply Online, Key Benefits, Eligibility, and Required Documents 

Odisha Government has approved a new scheme SWAYAM, where they will provide interest-free loans to the youth of the state. This initiative of the government will support youth to start their small, MSME businesses and take part in enhancing the business environment of the state. 

SWAYAM Yojana Odisha Apply Online 

Swatantra Yuva Udyami Scheme (SWAYAM) was launched by the Odisha government for the youth of rural and urban areas. Lately, the government of Odisha has launched various schemes for the youth of the state to empower them with better opportunities to excel in their career goals. 

Under the scheme, the government will offer an interest-free loan of up to Rs 1 lakh to all eligible candidates for starting their small or medium enterprises.

Scheme Name Swatantra Yuva Udyami Scheme (SWAYAM)
Launched by  Odisha Government
Budget  Rs 448 crore
Targeted Beneficiaries Rural and Urban Youth of the State and ration card holders
Application Portal Not opened yet
Application date Soon will be announced by the authority

The government of Odisha has allocated the budget for the scheme in the cabinet, which is around Rs 448 crore.Under the scheme, the government will provide financial assistance up to Rs 1000 to ration cardholders. 

To apply for the scheme, a person should apply online only as the government has decided to take online applications only. The portal will open soon and interested applicants can apply for the scheme as the official portal is not open yet by the authorities.

SWAYAM Yojana Odisha Apply Online 

Key Benefits of the SWAYAM Yojana of Odisha

Financial Assistance: The state government will provide Rs 1000 financial aid to the ration card holders, who come under the eligibility criteria. This financial assistance will be given to the PDS beneficiary families to help them stabilize their livelihoods and improve their lifestyles.

Interest-Free Loan up to Rs 1 Lakh: The government will provide a Rs 1 lakh loan to youth to start their business without any interest.

It’s a commendable initiative by the government to back young entrepreneurs of the state and help them in establishing their businesses without worrying about their interests.

This will encourage the unemployed and underemployed youth of urban and rural areas to start their own business and enlighten the business environment of the state.

Loan to expand the business: Youth who are looking to expand their business can also apply for the loan and expand their business.

Eligibility required to qualify for the Odisha SWAYAM Scheme 

To provide financial assistance and interest-free loans the government of Odisha has crafted some eligibility criteria, so the right person can get all the benefits of the scheme. 

Eligibility criteria that you must look into if you are interested in SWAYAM Yojana of Odisha:

  • The interested applicant must be from Odisha State.
  • The interested candidate should be a ration card holder.
  • The age of the interested candidate must be around 18 to 35 years to get the loan.
  • The age limit for interested candidates from Scheduled tribes is 18 years to 40 years.
  • The unemployed candidates in rural areas who don’t have any loan under their name from any government scheme and like to grow their business can apply for the loans.
  • The candidates who are working for the state or central government are not eligible for this scheme. 

Document required to apply for the SWAYAM Scheme of Odisha

The documents you will need when you apply for the scheme are essential, so here’s the list of the documents:

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

According to the current reports, there will be no application fee, so when the portals go live the government of Odisha will apply for the scheme immediately. So, stay updated with all the happenings of this scheme so you will know when the portals will open.

Go to investbihar Homepage To Get Relevant Content.

13 thoughts on “SWAYAM Yojana Odisha Apply Online, Key Benefits, Eligibility, and Required Documents ”

    1. Ramakanta mahapatra

      Dear ,
      Sir I am ramakanta mahapatra from bhubaneswar unit-4 madhusudan nagar I need money for more improvement my business

  1. Mora bahuta artika asubhita hetu mui loan kari kichhi kama aramba karib boli asakari achhi tenu mote loan ra subidha karantu

  2. Purnima bhattacharjee

    Mumbai re bi odisha basi nka pain bahut kichi karantu khaiba rahiba bahut kasta … All cancer patients parivarr ku help karantu ….

  3. Durga Prasad Mishra

    I am Durga Prasad Mishra
    Mote swayam yojana ra loan darkar achhi mu new business kariba pain .pls help me
    At-kedareswar,po-charbatia, ps-choudwar
    Dist -cuttack

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top