Deen Dayal Upadhyaya Swavalamban Yojana Startup Loan Scheme 2020

Deen Dayal Upadhyaya Swavalamban Yojana Startup Loan Scheme 2022

Deen Dayal Upadhyaya Swavalamban Yojana Startup Loan Scheme 2022 is a loan startup scheme being run by the State Government Of Andhra Pradesh. In this article you will get complete informaton about Application Form, Eligibility, Documents required and many other details for Deen Dayal Upadhyaya Swavalamban Yojana Startup Loan Scheme 2022.

Under Swavalamban Yojana is a financial assistance scheme that you can avail as startup loan. The main objective of this scheme is to persuade unemployed youth to have employment opportunities by starting their own ventures. It will help them with arranging low cost capital so that they can et up their own business in India. Information on how to apply for DDUSY and details of the scheme notice is stated below. So, let’s have a closure look at the scheme in detail.

What is Deen Dayal Upadhyaya Swavalamban Yojana Startup Loan Scheme 2022?

It is a loan scheme for start-ups launched by the Arunachal Pradesh State Government. This scheme focuses on providing start-up loans with some financial support in the form of subsidies. Also, the key vision behind this scheme is to promote the engagement of unemployed young people in entrepreneurship. Moreover, the government points to the provision of low-cost resources for the creation of new enterprises.

Under Deen Dayal Upadhyaya Swavalamban Yojana, the national government will facilitate youth by lending between Rs. 10 lakh and Rs. 1 Crore for setting up greenfield businesses. Also, the nominees can borrow funds from any state bank (Except Arunachal Pradesh Rural Bank (APRB) and Arunachal Pradesh State Co-operative Apex Bank Ltd (Apex) under this scheme.

In addition to the 30% subsidy, women entrepreneurs will receive an additional 5% subsidy each year if they do not become Non-Assets (NPA). So, to receive the scheme’s benefits, beneficiaries are required to register with the Stand Up India central government program. Under the Swavalamban start-up loan scheme, baptismal candidates must contribute at least 10% of the project cost themselves.

SchemeDeen Dayal Upadhyaya Swavalamban Yojana
Year2022 – 2023
StateArunachal Pradesh
BenefitsUp to 30% of Subsidy on StartUp

Salient Features Of Deen Dayal Swalamban Yojana

  • The government of Arunachal Pradesh is ready to provide loan to its residents if they want to start their own business. You can avail loan between Rs 10 Lakh to Rs 2 crore to establish your business. One crore for setting up small and medium enterprises. This money will not include land and construction costs.
  • By using the loan amount, you can establish any small and medium scale business.
  • Women can get additional benefit under this scheme. The government will provide businesses with a 30% rebate. And the women will receive an additional 5% subsidy annually to start businesses, as long as the loan is not an NPA.
  • As an applicant, you can get loan from any bank in Arunachal except the ones mentioned above.
  • The contribution from a candidate is 10% of the total cost of project. If you are ready to contribute more than this you will surely get preference.
  • The government has alos set an online platform for you to submit your application and get connected.

Objective of Deen Dayal Upadhyaya Swalamban Yojana Scheme

So, the Deen Dayal Upadhyaya Swalamban Yojana scheme aims to facilitate bank lending between Rs 10 lakh and Rs 1 Crore to set up security businesses. Also, these businesses must be as per listed under this scheme.

(i). Firstly, increased value in agriculture.

(ii). Secondly,  eco-tourism includes residential and tourist accommodation.

(iii). Also, traditional textile weaving – modern manufacturing/purchase of new equipment.

(iv). Moreover, the Small production units will be awarded the appropriate qualifications. In non-private enterprises, at least 51% of the share and control allocation must be handled by an APST entrepreneur.

So, all the Interested candidates can download the notification PDF and DDUSY scheme guidelines from the following link. https://itanagar.nic.in/scheme/deen-dayal-swavalamban-yojana/

Loan Facility Under Deen Dayal Upadhyaya Swalamban Yojana Scheme

The state government already declares that it will provide credit facilities through various banks and financial institutions for jobless young people. You can avail loan under Pravasi Loan Yojana incase you get rejected under this scheme.

Also, the Loan amount is made clear by the state government that it will provide a loan amount of Rs 10 lakhs to over Rs 1 crore for youth development.

Eligibility For DDUSYS

So, some conditions matter to be eligible for the scheme, those are-

  • Value addition in Agri-Horti & Allied Sector.
  • Eco-tourism – Home Stays or  Tour Operators.
  • Tradition Textile Weaving – modernization or purchase of new looms.
  • Small scale manufacturing unit – Qualified Graduates.
  • Entrepreneurs’ contribution must be Min. 10% of TFO. Preference for higher contribution.
How to apply for Deen Dayal Upadhyaya Swavalamban Yojana 2020

How To Apply Online For Deen Dayal Upadhyaya Swavalamban Yojana 2022

Deen Dayal Upadhyaya Swavalamban Yojana applications are made online. Below is the step-by-step guide on how to fill out application forms and how to avail of start-up loan subsidies under the Swavalamban Yojana.

Step 1

Firstly, register at Stand Up India Portal www.standupmitra.in.

Step 2

Secondly, Make a DPR on any of the available Activities.

Step 3

 After that, download the application form of DDUSY from the formal website at http://itanagar.nic.in/scheme using the direct link given below.

Direct Link – Download Application Form

Step 4

Then fill all the necessary details in the form and submit the application form in the Office of ADC, HQ.

Step 5

After submitting the form, the applicant will acknowledge receipt from the office of ADC, HQ.

Step 6

Moreover, all the received application forms submit to DLSC before the 25th of every month.

Step 7

Then after Appear before District Level Screening Committee as and when asked for. The District Level Screening Committee (DLSC) does forward the application form to the State level Screening Committee (SLSC). The SLSC will choose the proposal every 1st Monday of the month.

Step 8

After approval from both the committees, thereafter, the candidate can submit their project report business plan for a loan in any bank of the state.

Documents For Applying Under Deen Dayal Swavalamban Scheme

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

  • Identity proof (Aadhar card, voting ID, Passport, driver’s license, PAN card, etc.)
  • Proof of residence (Phone bills, electricity bill, property tax receipt, etc.)
  • Proof of business address
  • Caste Certificate
  • The applicant must not be at fault in the Bank.

Interest Rate and Subsidy Under Deen Dayal Swavalamban Scheme 2022

If you belong to Uttarakhand and are reading this article, then let me tell you, you can also plan to start your business by getting financial assistance under Uttarakhand Mukhyamantri Swarozgar Yojana. The level of government funding is 30%. The amount will be credited to the bank account of authorized applicants. Any woman interested in joining the scheme will be given an additional 5% subsidy at the interest rate each year.

Conclusion

In conclusion, the Government of Arunachal Pradesh has decided to continue with the Deen Dayal Upadhyaya Swalamban Yojana to encourage unemployed youth and entrepreneurs and lower their cost of doing business. Therefore, under Deen Dayal Upadhyaya Swalamban Yojana, APST companies set up new companies eligible to avail loans. The scheme also helps in boosting the agricultural and tourism sectors in the state to support the jobless youth.

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