Closing Up to date: February 12, 2024, 22:40 IST
Odisha Leader Minister Naveen Patnaik. (Picture: Report)
The Odisha govt plans to offer financial institution loans to unemployed early life to assist them get started new companies or make bigger the present ones
The Odisha Cupboard led through Leader Minister gave a nod to 27 proposals on Monday. Those come with interest-free loans for unemployed early life underneath the Swatantra Yuva Udyami (SWAYAM) scheme and one-time Rs 1,000 livelihood support to ration card holders.
It has additionally made up our minds to distribute two jute baggage of 20 kg and 10 kg capacities freed from value. As many as 3,35,98,401 other folks of 95,90,526 beneficiary households underneath the general public distribution machine (PDS) in Odisha gets the advantages underneath the 2 tasks.
The state govt will spend Rs 959.05 crore to give you the one-time help and Rs 278.69 crore to shop for 1,91,81,052 jute elevate baggage, mentioned Leader Secretary Pradeep Kumar Jena.
The state govt will release a brand new scheme, Swatantra Yuva Udyami (SWAYAM) to facilitate self-employment some of the younger other folks within the state and the cupboard has licensed an offer on this regard.
Beneath the scheme, the state will supply interest-free financial institution loans of as much as Rs 1 lakh to unemployed other folks within the age crew of 18-35 years in each rural and concrete spaces of Odisha, mentioned the Leader Secretary,
The financial institution loans will assist unemployed early life to start out new companies or make bigger the present ones.
For rural spaces, the applicant’s circle of relatives will have to be lined underneath the Krushak Help for Livelihood and Source of revenue Augmentation (KALIA) or Biju Swasthya Kalyan Yojana (BSKY) of the state. The federal government plans to hide a minimum of 1 lakh rural younger other folks underneath the scheme in two years.
It is going to spend Rs 448 crore for the scheme. The brand new scheme might be referred to as SWAYAM (U) in city spaces.
In step with the ideas, the applicant’s circle of relatives’s annual source of revenue will have to no longer go Rs 3 lakh, mentioned Leader Secretary Jena.
(With inputs from Ajesh Mallick and Mahesh Nanda from Bhubaneswar)