Vocational guidance seminar held at Government ITI campus

The features of the Unemployed Youth Employment Guarantee Programme (UYEGP) were explained to the students of the Government Industrial Training Institute (ITI), Vellore, at a vocational guidance seminar organised by the Vocational Guidance Centre for Adi Dravidas and Tribals, District Employment Office at the Government ITI campus here on Friday.

Anbarasan, Junior Engineer, District Industries Centre (DIC), Vellore, said that unemployed youth in the age group of 18 to 35 years with a minimum educational qualification of 8th Standard pass are eligible to apply for loan-cum-subsidy under the UYEGP.

Under the scheme, the applicants are eligible for a maximum assistance of Rs. 5 lakh for projects in the manufacturing sector, Rs. 3 lakh for projects in the service sector and Rs. 1 lakh for projects in the business sector.

“Special focus will be given for projects in the manufacturing sector,” he said.

The DIC official said that the selection of beneficiaries would be done in a transparent manner through an interview processed by the District Task Force Committee headed by the General Manager of the DIC.

The other eligibility criteria are that the applicants should be resident in their place for not less three years, and their annual family income including that of the spouse should not exceed Rs. 1.5 lakh. An applicant who is already availing of assistance under another subsidy-linked scheme would not be eligible for assistance under UYEGP.

The applicants should chip in with a promoter’s contribution of 10 per cent for the general category and five per cent for the special categories.

The selected candidates would be eligible for a subsidy of 15 per cent of the project cost. Banks would sanction and release 90-95 per cent of the project cost inclusive of the 15 per cent subsidy. Application forms are available at the office of the DIC. The applications of those found eligible would be recommended by the DIC to the service area banks of the applicants. Once their loans are sanctioned, the selected applicants would be provided training for seven days by the DIC.

Capital subsidy

Mr. Anbarasan said that those starting micro manufacturing enterprises would be eligible for a 15 per cent capital subsidy on the value of the eligible plant and machinery, subject to a maximum of Rs. 3.75 lakh.

Besides, 20 per cent low tension power tariff subsidy would be given for 36 months from the date of land purchase or from the date of power connection, whichever is later. They are also eligible for 100 per cent subsidy on the net value of value added tax paid by them for the first six years up to the value of investment made in plant and machinery.

Stamp duty exemption is given on mortgaged and pledged documents. Twenty-five per cent generator subsidy is given for the micro manufacturing enterprises, he said.

G. Sampath, Assistant Director of Employment and Training inaugurated the seminar.

‘Be willing to learn’

P. Raghavan, Assistant Manager (HR), India Pistons, Maraimalai Nagar, said that those who are selected as apprentices should be willing to learn so that they could gain good experience in their field of work. They should also acquire multi skills, which would stand them in good stead in their future career.

They should also be willing to learn from their experienced seniors, he said.