Eligible unemployed youth of the age group 18 to 35 are invited to apply for loan for self employment under the Rajiv Yuva Shakti scheme.
The unemployed youth, who have passed/ failed Class X (Class V in case of SC/ ST and physically challenged) and whose annual family income is less than Rs 50,000, are requested to approach the mandal parishad development officer and in urban areas the office of the municipal commissioner to get the application forms, according to a release issued here by the CEO of SETVIZ.
The eligible candidates willing to take up any one of the livelihoods listed by the government would be given Rs. 1 lakh to start their micro-enterprise. Of the amount Rs 30,000 is the subsidy given by the government and Rs 70,000 loan from scheduled banks. Rule of reservations is applicable under the scheme, 16.23 for SCs, 6.6 for STs, 25 per cent for BCs, three per cent for physically challenged and 33.3 per cent for women.
Loan will not be given for setting up kirana, fancy, textiles or vegetable stores, dairy, hotel, brick kiln businesses.
Loan will be given for taking up economic activities or buying tools for autorickshaw, carpentry, mikes and lighting, tent house, sewing machines, hair cutting saloon, cellphone repair, internet centre, photo studio, paper bag or paper cover manufacturing, printing press, welding shop, beauty parlour, photocopy, plumbing, paper plate manufacturing, seat cover making unit, automobile repair, power tiller, clinical lab, electrical repairs, electrical rewinding, computer stickers, DTP, flour mill, concrete mixer, centring and cement brick making unit.
