About Swami Vivekananda Assam Youth Empowerment (SVAYEM) Yojana
Swami Vivekananda Assam Youth Empowerment (SVAYEM) Yojana announced by the Hon’ble Finance Minister of Assam in his budget speech on 7th February, 2017, is a flagship program to provide financial support to the youths of Assam to take up income generating activities in the manufacturing, trading and service sector.
Objectives of SVAYEM Scheme 2020
To generate employment opportunities in rural as well as urban areas through setting up of new ventures as well as growing existing ventures.
To provide financial assistance to micro and small business entities engaged in the manufacturing, trading and services sector.
To provide financial assistance for enhancement of income level of traditional artisans ensuring sustainable growth.
Aims to generate employment opportunities in rural & Arban
Name of State
Eligibility Criteria for SVAYEM Scheme Assam 2020
Residents of Assam above 18 years of age.
There will be no income ceiling for getting assistance under this scheme.
The individual beneficiary should have skills, experiences, knowledge, etc., toundertake the income generating activities.
The beneficiary should possess educational qualification of at least Class VIIstandard.
The beneficiary who has already completed Skill Development Training will begiven preference.
The beneficiary must not be the defaulter of any loan. If information submittedby the beneficiary is found to be incorrect later, action would be taken againstthe beneficiary including cancellation of loan, recovery of amount as Bakijai andalso blacklisting for future benefit under any Govt. Scheme.
PMEGP beneficiaries of the last 5 years will not be eligible under the scheme.
Important Document to Apply OnlineSVAYEM Scheme 2020
SVAYAM application form
Ownership identity documents
Copy of business registration certificate
Copy of business licence
The national food security card is applicable
Skill development training Certificate if applicable
Experience certificate if applicable
Proof of qualification
Identity proof (voter ID card, driving licence, PAN Card, Aadhar Card, passport etc)
Scheme report for the proposed project
Important Datesof SVAYEM Online Apply 2020
7th February 2017
Starting Date to Apply Online
16th September 2020
Last Date to Apply Online
Benefits under SVAYEM Scheme 2020
– Rs. 50 thousand will be provided as a seed money to each individual under the renewed Swami Vivekananda Assam Youth Empowerment (SVAYEM) Yojana.
– While the groups with five members (Rs 50,000 per head) would be entitled for Rs 2.5 lakh, groups with 10 members would be entitled for Rs 5 lakh and so on with the maximum limit for members being 20.
– The total budget of the scheme is Rs. 1000 crore which will be given entirely from government funding. The beneficiaries would include all members of self help groups, joint liability groups and other such groups and federations that have organised themselves for entrepreneurial projects.
SVAYEM Scheme 2020 Online Application Form
In the SVAYEM Scheme Assam, groups looking for of the scheme will be able to register themselves at a new portal. The new online portal for filling the SVAYEM Scheme Assam online application / registration form will be launched on 16 September 2020.
How to apply for SVAYEM Scheme 2020?
Scroll down, go to Important web Links
Click on “SVAYEM Scheme Assam 2020 Online Application”
SVAYEM Scheme Assam 2020 Portal will be opened
Open the online application form and fill the all details.
Submit the form along with all necessary documents online.