The State government has formulated the Unemployed Youth Employment Generation Programme to create 10 lakh jobs, both direct and indirect, during the XI Five Year Plan period.

According to District Collector R.Palanisamy, the scheme which forms part of the ‘Micro, small and medium industries policy 2008' is intended to mitigate the unemployment problem of the socially and economically weaker sections of society through self-help ventures.

It proposes to achieve the objective by helping the unemployed educated youth to set up manufacturing units and service and business enterprises. The prospective candidates would be given loans on the strength of their project profile, proof of education, nativity, community certificate and machinery quotation.

The loan amount would be Rs.5 lakh for the manufacturing sector, Rs.3 lakh for the service sector and Rs.1 lakh for the business sector. The promoters' contribution would be 10 per cent of the project cost for the general category and five per cent for Scheduled Caste, Scheduled Tribe, ex-servicemen, differently abled and transgenders.

The government on its part would extend a subsidy of up to 15 per cent of the project cost. All economically viable manufacturing services and business activities, excluding agricultural operations such as raising crops, would be covered under the scheme.

The aid would be available for enterprises to be set up in both rural and urban areas. The District Industries Centre would be the implementing agency for the scheme, said the Collector.

Interested candidates can obtain applications free from the office of the General Manager, District Industries Centre, 11 B, Bhavani Street, Alamelupuram, Villupuram. For further details, contact 04146-223616.