Biju Atma Nijukti Yojana

Biju Atma Nijukti Yojana is the scheme by Odisha Government under which the government provides soft bank loans for self-employment to the unemployed youth. According to the survey there are 1.75 crores youths in the state who are in the age group of 18-35 years of age which constitutes the 42% of the total population. Now this is the huge number, if so many people can be responsible for state’s development, they can be even responsible for bringing the state back. Looking at these ratios, government came up with this scheme of providing loans to the educated unemployed. Under the scheme beneficiary will get interest free of up to Rs. 5 lakhs and in that also 30% subsidy at the time of repayment by the govt. The scheme is also again planning to provide skill development classes to the youths who are yet to clear matriculation examination and they are targeting to place 30, 000 youths in 10, 000 enterprises. With such a great scheme there are whole lot more opportunities available to the youth of Odisha to grab and be successful.

Benefits of Biju Atma Nijukti Yojana:

• Interest free loan: Under the scheme, the government provides interest free loan to the beneficiary to start his/her venture
• Subsidy on the loan: At the repayment, the government will provide 30% subsidy on the loan amount
• No collateral, mortgage or affidavit: The loan processed is provided without any collateral, mortgage or affidavit asking for the property and all. It’s completely interest free and against nothing is asked
• Skill development camps: The scheme also makes sure that youth coming out of the school and planning to undertake self-employment, some skill demanding work gets all essential training to develop his/her skills
• Providing placements: The scheme also make sure that the educated unemployed or under matriculation student taking skill development classes from the camps organized by the scheme gets placement, and the government is planning to place 30, 000 youths in 10, 000 firms

Eligibility for Biju Atma Nijukti Yojana:

1. Student must be from Odisha State
2. Student must in the age group of 18-40 years
3. In case of SC & ST, minority, women, handicapped and ex-servicemen category candidate there is relaxation in upper limit of age i.e. fir them it is 18-45 years
4. His/her family’s annual income should not be more than Rs. 1.5 lakhs for urban candidate and Rs. 1 lakh for rural candidate
5. Venture getting started in manufacture sector should not cost more than Rs. 5 lakhs and that in public sector should not be more than Rs. 2 lakhs
6. Candidate of open category will bear 20% of total expenses whereas candidate of reserved category will have to bear 10% of expenses

Documents Required:

1. Application form
2. Educational certificates (previous year marksheets, degree and diploma)
3. Residential Proof (electricity bill, water connection bill, gas connection bill, ration card, voter id, Aadhar card, pan card or driving license)
4. Aadhar Card
5. Caste Certificate
6. Caste Validity
7. Passport size photograph (not required but it is recommended to keep at least one copy)
8. Income Certificate

 Application form:

To apply for the loan under the scheme, beneficiary need to visit nearest nationalized bank and apply for the loan under the scheme. And for the skill development training candidate can apply after the notice gets displayed in the newspaper and in schools.

Contact Details:

1. Nearest nationalized banks
2. School principals (for skill development training)