Deen Dayal Swavalamban Yojana

The State Government of Arunachal Pradesh has introduced the Deen Dayal Swavalamban Yojana, a promising startup loan scheme. This initiative provides financial support via subsidies on startup loans, aimed at empowering unemployed youth by providing access to low-cost capital for entrepreneurship development. Below, we explore the Deen Dayal Swavalamban Yojana in detail.

Salient Features

This scheme offers a loan amount ranging from Rs. 10 lakhs to over Rs. 1 crore for youth to establish enterprises.
Youth can utilize this loan to set up small and medium enterprises across the state.
Women entrepreneurs receive additional benefits under this scheme.
Loan applications can be made at any bank within Arunachal Pradesh, but require approval from the State Level Sanctioning Committee (SLSC).
Applicants must contribute at least 10% of the project's total cost, with preference given to higher contributors.
An online social media portal is available for entrepreneurs and youth to connect on a single platform.

Interest Rate and Subsidy Provided

The government subsidizes the loan, reducing the interest rate by 30%.
This subsidized amount is credited through NABARD to the bank.
Project loans range from Rs 10 lakh up to Rs 1 crore, excluding land and building costs.
Women entrepreneurs benefit from an additional 5% annual interest subsidy to prevent the loans from becoming Non-Performing Assets (NPA).

Note: The loan amount does not cover the cost of land and building.

Documents Required

Applicants must possess the following documents to apply for the Deen Dayal Swavalamban Scheme:

Proof of Identity: Aadhar card, Voter’s ID, Passport, Driving License, PAN card, etc.
Proof of Residence: Telephone bills, Electricity bill, Property tax receipt, etc.
Proof of Business Address
Caste Certificate
A declaration that the applicant is not a bank defaulter.

Application Procedure

Follow these steps to apply for the Deen Dayal Upadhyaya Swavalamban Yojana (DDUSY):

Step 1: Visit the official website of the Government of Arunachal Pradesh to apply for the scheme.
Step 2: Download the DDUSY application form.
Step 3: Print the downloaded form.
Step 4: Complete all mandatory fields accurately and attach required documents.
Step 5: Submit the completed form to the Office of ADC, HQ.
Step 6: Collect an acknowledgment receipt from the ADC, HQ office.

Once approved by the District Level Screening Committee (DLSC) and State Level Screening Committee (SLSC), applicants can approach any bank in the state for their loan.

Explore Similar Schemes Across India

For those eager to explore more self-employment opportunities, consider schemes such as the Mukhyamantri Yuva Swavalamban Yojana, Self Employment Scheme, and Kesru Kerala Self Employment Scheme. Additionally, the Jammu and Kashmir Self Employment Scheme and CM Self Employment Scheme provide unique entrepreneurial support across different states in India.

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Frequently Asked Questions

Common questions about Deen Dayal Swavalamban Yojana Loan Scheme, Arunachal Pradesh.

The Deen Dayal Swavalamban Yojana is a startup loan scheme initiated by the State Government of Arunachal Pradesh. It provides financial assistance in the form of a subsidy on startup loans to encourage unemployed youth to establish entrepreneurial ventures by gaining access to low-cost capital.

The Deen Dayal Swavalamban Yojana is open to unemployed youth in Arunachal Pradesh who wish to set up small and medium enterprises. Women entrepreneurs in the state are also eligible for an additional 5% subsidy on the interest rate.

Under the Deen Dayal Swavalamban Yojana, the government is providing loan amounts ranging from Rs. 10 lakhs to over Rs. 1 crore for the establishment of entrepreneurial ventures by the youth.

The loan amount will be provided at a subsidized rate of 30% by the government. Additionally, women entrepreneurs in the state will receive an additional 5% subsidy on the interest rate annually.

Applicants need to provide proof of identity, proof of residence, proof of business address, caste certificate, and proof that they are not a defaulter in any bank.

To apply for the Deen Dayal Swavalamban Yojana, applicants need to visit the official website of the Government of Arunachal Pradesh, download the application form, fill it out with the required details, affix the necessary documents, and submit it to the Office of the ADC, HQ.

The approval of the State Level Sanctioning Committee (SLSC) is mandatory for applicants to take the loan from any bank in the state under the Deen Dayal Swavalamban Yojana.

Applicants must contribute at least 10% of the total cost of the project. Those who contribute a greater portion of the project cost will be given preference by the concerned authority.

No, the loan amount provided under the Deen Dayal Swavalamban Yojana excludes the cost of land and building.

The Government of Arunachal Pradesh has launched an online social media portal where entrepreneurs and youth can connect on a single platform related to the Deen Dayal Swavalamban Yojana.