The Swavalamban Yojana, a startup loan initiative implemented by the Arunachal Pradesh state government, aims to offer financial aid through subsidies on startup loans. The scheme's primary goal is to stimulate unemployed youths' access to cost-effective capital, facilitating the establishment of entrepreneurial ventures. Within the Deen Dayal Upadhyaya Swavalamban Yojana, the state government endeavors to assist youths in securing bank loans ranging from Rs. 10 lakh to Rs. 1 Crore to initiate greenfield enterprises. However, it's important to note that loans cannot be obtained from the Arunachal Pradesh Rural Bank (APRB) or Arunachal Pradesh State Co-operative Apex Bank Ltd (Apex) under this scheme.
Notably, in addition to a 30% subsidy, female entrepreneurs may be eligible for an extra 5% annual subsidy, provided their endeavors do not become Non-Performing Assets (NPAs). To access the benefits of this scheme, beneficiaries are required to register with the Stand Up India scheme operated by the central government. As part of the Swavalamban startup loan initiative, candidates are expected to contribute at least 10% of the project cost from their own resources.
Application Forms for Deen Dayal Upadhyaya Swavalamban Yojana 2023
Deen Dayal Upadhyaya Swavalamban Yojana applications can be made only through the offline mode. Below is the step by step guide on how to fill application forms to avail startup loan subsidy under the Swavalamban Yojana.
STEP 1: Register at Stand Up India Portal https://www.standupmitra.in/
STEP 2: Prepare a DPR on any of the eligible Activities.
STEP 3: Download the application form of DDUSY from the official website at http://itanagar.nic.in/scheme using the direct link given below.
Direct Link – Download Application Form
STEP 5: After submitting the form, the candidate will obtain an acknowledgement of receipt from the office of ADC, HQ.
STEP 6: All the received application forms will be submitted to DLSC before 25th of every month.
STEP 7: Appear before District Level Screening Committee as and when called for. The District Level Screening Committee (DLSC) will forward the application form to the State level Screening Committee (SLSC). The SLSC will screen the proposal on every 1st Monday of the month.
STEP 8: Now, after approval from both the committees, the candidate can submit their proposal for loan in any bank of state.
Detailed Project Report Under DDUSY
A detailed project report has to be prepared for applying under the scheme for startup loan. Below is the link to see the minimum requirements for the detailed project report.
Deen Dayal Upadhyaya Swavalamban Yojana Guidelines
Detailed scheme notification and guidelines of DDUSY can be downloaded in PDF format from the link given below.
Highlights of Deen Dayal Upadhyaya Swavalamban Yojana
Below given are the main features and highlights of the DDUSY scheme:-
The government is facilitating loans ranging from Rs. 10 lakh to Rs. 1 crore for establishing small and medium enterprises. It's important to note that this amount does not cover the expenses associated with land and building.
Enterprises will receive a 30% back-ended capital investment subsidy from the government. Additionally, women establishing businesses will be eligible for an extra 5% interest subsidy annually, provided that the loan remains in good standing and does not become a Non-Performing Asset (NPA).
Candidates are required to contribute a minimum of 10% of the total project cost from their own resources. Those contributing a larger portion will receive priority consideration from the government.
While candidates can acquire loans from any bank within the state, approval from the State Level Sanctioning Committee (SLSC) is mandatory.
The interested candidates can download the notification PDF and guidelines of DDUSY scheme from the following link.
https://itanagar.nic.in/scheme/deen-dayal-swavalamban-yojana/
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