Mukhyamantri Swavalamban Yojana is an excellent initiative for the youth of the state. Amidst the coronavirus phase, there has been a maximum disturbance in the ordinary lives of the people. Apart from disrupting India’s economy, it has immensely affected the lives of the people and has left them helpless. Many business organizations suffered shutdowns, people lost their only means of livelihood, many people got laid off, and many left with no hopes in their lives. However, the most to suffer from this pandemic were the youths of today, who were left with no employment scope.
The issue of unemployment is not a new concept in India and is exaggerating with the time. The pandemic phase has added fuel to the already burning issue of employment in India. India appears to be one of the fastest-growing economies globally, yet this growth has not trickled down to benefit the sheer volume of youth out of jobs. What is even more unfortunate at this hour is that it is not just the shortage of jobs, but the lack of an adequate workforce is also why many youths are unemployed. It is not only unemployment but unemployability that leaves the Indian youth frustrated, discouraged, and disillusioned. The next reason is the dependency on jobs. Hence, the Himachal Pradesh Government is taking all possible steps to promote self-employment amongst the masses.
Cognizant that successive Indian and State governments have launched schemes to increase the new jobs and young people’s are given a chance as per their ability. The most recent of these is the Mukhyamantri Swavalamban Yojana, which aims to provide employment opportunities to the state’s youths and develop a sense of self-employment through various initiatives. In short, the scheme mainly focuses on self-employment.
About Mukhyamantri Swavalamban Yojana
The State government of Himachal Pradesh took a step in self-employment direction and announced a new scheme for its youth. This scheme is called Mukhyamantri Swavalamban Yojana. The first announcement related to this scheme was made by Himachal Pradesh Chief Minister Jai Ram Thakur on May 25, 2018, which will explore the possibility of new ventures in self-employment. These projects will examine the options of self-employment and encourage all those involved in it. Under this scheme, the state’s citizens would get loans very quickly to run their employment.
There is a great need to promote various self-employment opportunities, whether there is a lack of adequate employment in the government or private sectors. The schemes like this will explore the possibilities of self-employment and encourage the youths related to it. This way, the project named Mukhyamantri Swavalamban Yojana (MSY) will examine the possibility of a new job in the field of self-employment. Several plans got announced along with the project, especially the Housing Benefits Scheme, which will work at the regional level.
Objectives of the Scheme
The objectives of Mukhyamantri Swavalamban Yojana are as follows:
- To encourage the sense of self-employment amongst the youths of Himachal Pradesh.
- To provide all possible aid and assistance that would bring the youths closer towards their dream of securing employment.
- To provide loans at reasonable rates to encourage them to take up any business as their means of livelihood.
- To enable them to explore the plethora of ways by which they can opt for multiple self-employment ideas. Develop the sense of self-reliance.
Incentives under Mukhyamantri Swavalamban Yojana
Significant incentives provided under Mukhyamantri Swavalamban Yojana
- The scheme is a blessing for the state’s youths who are not engaged in any business and want to start their own business. The government shall provide a 25% subsidy to such youth for purchasing machinery for the business. This subsidy will get levied on the company of up to Rs 40 lakh.
- For women of the same state who are not into any business and want to start their own business, the government shall provide a 30% subsidy to such women to start the venture. This subsidy will also be on business up to Rs 40 lakh.
Benefits under Mukhyamantri Swavalamban Scheme
Significant benefits under Mukhyamantri Swavalamban Yojana include:
- Under the Mukhyamantri Swavalamban Scheme, the government will provide an interest subsidy of 5% for three years for loans up to Rs 40 lakh.
- Under Mukhyamantri Swavalamban Yojana, the government will also provide land on rent at a rate of just 1% to the youth to start their own business.
- The government has revised the stamp duty rate on the purchase of land. The government will now reduce the amount of stamp duty to motivate the youth to participate more and more in self-employment schemes. Under the project, whosoever wants to buy land, instead of 6%, stamp duty is now made 3% for the mentioned purpose.
- The government of Himachal Pradesh has also allocated a budget of 12 crores for this government scheme.
- Under Mukhyamantri Swavalamban Yojana, any native resident between 18 and 35 years old can apply for this employment scheme for Himachal Pradesh.
- Those who want to set up their industry or want to work in the service sector can quickly know about the Chief Minister Swavalamban Yojana from the Development Officer Industry or General Manager, District Industries, working in the development blocks.
Eligibility Criteria
Any native of Himachal Pradesh, aged 18 to 35, can apply for this employment scheme.
Procedure to Apply Online under Mukhyamantri Swavalamban Yojana
Online application for Mukhyamantri Swavalamban Yojana
Step 1– To apply in Mukhyamantri Swavalamban Yojana Himachal Pardesh, the applicants need to visit the state government’s website.
Step 2– Upon visiting its official website requires applying for Yuva Swavalamban Yojana in the Apply Online tab.
Step 3– When they click on the same, the new page will appear on the screen.
Step 4– Next, the applicant needs to fill in the mobile no. and OTP and later submit the form after filling it appropriately.
Offline Application
Step 1-Yuva Swavalamban Yojana Himachal Pardesh can also be availed through the offline process. For offline application, the interested applicants need to visit the nearest bank with the documents and inform about the plan. They will also be given the application form for the scheme there.
Step 2-After filling the application form appropriately, they need to submit it along with the photo and all the documents to the bank; the bank will notify them when the application is approved.
Role of Aatmnirbhar Sena
Our Organization shall work relentlessly and selflessly towards achieving grand success concerning this scheme. We shall work hand-in-hand with Himachal Pradesh’s Government and take all possible steps towards making this scheme a dream come true. If appropriately implemented, the project shall benefit many youths. Also, we try hard to train the youths of HP state and make them capable of becoming self-reliant. We shall aid and assist the interested applicants in the overall process and shall deliver all possible methods by which they can acquire self-employment. We shall provide the tool which they can utilize for their bright future.
Conclusion
The unequal access to opportunity remains another consistent problem. Young people need employment to get launched on an income-generating track for the rest of their working life. Youth unemployment is a significant obstacle in our Nation and is still a great barrier to human and economic development. Unfortunately, the youth unemployment problem did not get solved, and there are many young people among the one million job seekers every month in India.
The Mukhyamantri Swavalamban scheme upholds the capability to do wonder if implemented correctly. It is a brilliant initiative and shall prove to be fruitful for the youths of today. It spreads one strong message of self-reliance.
