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On January 20, 2021, CMO Assam Mr. Sarbananda Sonowal along with Finance Minister of Assam Dr. Himanta Biswa Sarma launched Redesigned Swami Vivekananda Assam Youth Empowerment (Re-SWAYEM) scheme at an event in Amingaon, Guwahati. The main aim of the scheme is to encourage and provide assistance to the youths of the state to take up new self-employment options or income generating activities. It will enable the state’s youth to develop skills, take up entrepreneurship and become Aatmanirbhar. A total of Rs. 1000 crore is sanctioned for the implementation of the redesigned scheme.
Scheme Overview:
| Scheme Name: | Redesigned Swami Vivekananda Assam Youth Empowerment (Re-SWAYEM) scheme |
| Launched Under: | Assam Government |
| Launched On: | January 20, 2021 |
| Beneficiaries: | Around 2 lakh youths of Assam |
| Age: | Below 40 years |
| Benefit: | Financial assistance of Rs. 50,000/- as seed capital |
| Main Objective: | To encourage and provide assistance to the youth in the state to take up new ventures or boost the existing venture |
| Total Scheme Worth: | Rs. 1000 crore |
List of scheme lunched by Assam Government
Objectives and Benefits:
- The main objective of the scheme is to encourage youth to take up new ventures, thereby promoting self-employment
- The working capital requirements will be fulfilled under this scheme
- It aims at creating employment and income generating opportunities in both rural and urban areas
- It aims to provide financial assistance to the micro and small businesses
- Required skill development training will also be provided to the youth as required
- It will reduce the rural as well as urban unemployment in the state
- The scheme will boost the state’s economy in the long run
Activities covered under the scheme:
- Manufacturing
- Processing
- Service sector
- Trading
- Rural transport like Auto rickshaw, e-rickshaw
- Tourism
- Shops, repairing centres
- Handicrafts
- Cottage industries
Key Points:
- Redesigned Swami Vivekananda Assam Youth Empowerment (Re-SWAYEM) scheme was launched by CMO Assam Sarbananda Sonowal and Finance Minister Assam Dr. Himanta Biswa Sarma on January 20, 2021
- Initially the SWAYEM scheme was launched in the year 2017 but due to some issues it could not cover all the targeted beneficiaries.
- The newly launched redesigned scheme aims at providing self-employment opportunities to the targeted youth of 2 lakhs in the state
- Under this scheme, Rs. 50,000 will be provided to each beneficiary by the government
- Applicant will be eligible if he’s a permanent resident of Assam and is below 40 years of age
- Apart from this he/she be a member of self-help groups/ joint liability groups and should not be defaulter of any loan.
- The amount will be provided as seed/ working capital for the business venture
- There will be no processing charges on the same
- It aims at making the youth self-reliant thereby empowering them
- This will encourage new youths to take up self-employment and working capital requirements will be fulfilled of the existing ones planning to expand their business
- It focuses mainly on the rural economy and aims at taking a step towards Aatmanirbhar Bharat.
- Total scheme worth is Rs. 1000 crore
- It is the biggest self-employment programme launched by any government in Assam since independence.
