HP Mukhyamantri Yuva Ajivika Yojana: Himachal Pradesh is one of the fastest growing states in India. State Govt is constantly focused on key issues for public welfare such as education, women empowerment, poverty and population explosion, unemployment, etc. According to the growing population, unemployment is one of the most serious problems in India. There are fewer jobs as per the requirement. Keeping this issue in mind, the Hon’ble Chief Minister of Himachal Pradesh- Shri Jai Ram Thakur is going to launch a new scheme called “HP Mukhyamantri Yuva Ajivika Yojana”.
This Youth Livelihood Scheme aimed to encourage youths for self-employment which will create hundreds of jobs. Under this scheme, the state government will provide an interest subsidy of 5% for unemployed youth up to Rs 30 Lacs. This scheme will help the unemployed youth to start their own business, which will create hundreds of jobs and opportunities. All unemployed candidates in the state can avail this loan amount for any work/business of their choice.
The primary objective of this youth livelihood mission is to create more employment which will provide employment opportunities for unemployed youth. According to sources, any entrepreneur will receive 5% interest subsidy for 3 years on an investment of up to Rs 30 lakhs. For the purpose of this scheme, the state government has allocated a budget of Rs 75 crores. Panchayati Raj Department has already prepared guidelines and has sent it to the HP government for sanction. Once this scheme is approved by the state government, it will be implemented soon across the state.
Registration for HP Mukhyamantri Yuva Ajivika Yojana (HP Youth Livelihood Scheme for Self-Employment)
Himachal Pradesh Govt has fixed the age limit for the candidates to avail of HP Mukhyamantri Yuva Ajivaka Yojana. This HP Livelihood Loan Scheme will definitely increase the rate of employment in Himachal Pradesh. It is a major initiative of the HP Govt to provide self-employment to the youth. In order to apply for this scheme, candidates must meet the following criteria.
- This scheme is applicable only for permanent residents of Himachal Pradesh.
- All unemployed youth of the age group of 18 to 35 years are eligible to apply for this scheme.
- In this scheme, all unemployed youth will be included in HP state and there will be no discrimination on the basis of caste, religion, color, etc.
- Beneficiaries of both rural and urban areas will have similar benefits under this scheme.
- Under this scheme, the state government will provide 5% interest subsidy to the unemployed youth up to 3 lakh rupees for loans up to 3 years.
How to Get Loan of Rs 30 Lacs under HP Mukhyamantri Yuva Ajivaka Yojana for Self-Employment?
Any unemployed youth who is a permanent resident of Himachal Pradesh can easily get a loan from any nationalized banks under this scheme. So that the unemployed youth can start his/her own business. Through this loan scheme, youth will be encouraged to become their own shop, retailers, distributors and start their own restaurants, tour, and travel operators, traditional crafts, etc. After the approval of the scheme, the beneficiary can go to any authorized bank to avail loan under HP Yuva Ajiva Yojana for self-employment.
Stamp duty on the purchase of private land has now reduced from 6% to 3% in Himachal Pradesh. Now if you buy land to start your work, then you only have to pay Stamp Duty at 3%. In addition, the government will provide 30% gratuity to 25% of women on taking loans of up to Rs 30 Lacs with an interest subsidy of 5% for 3 years.
For more details about HP Mukhyamantri Ajivika Yojana (Livelihood Scheme Himachal Pradesh), kindly visit the official web portal of the Labour & Employment Dept, Govt of Himachal Pradesh through the given below link.
Read Also: HP Mukhyamantri Alpsankhyak Kalyan Yojana (Click Here).
Dear users, here we provided the complete details about HP Mukhyamantri Yuva Ajivika Yojana (Youth Livelihood Scheme for Self-Employment in Himachal Pradesh). If you have any query related this post then feel free to submit your comment down below or contact our Team Members. Thanks for visiting ReaderMaster.Com, stay tuned for more such contents.