The Government of Himachal Pradesh has started to promote employment for the youth of their state and to make them self-reliant, so that the youth of Himachal Pradesh, who are struggling with employment, start their business (self-employment) and stand on their feet.
Main benefits of the scheme
Youth wandering in search of employment may not get employment to the best of their ability or at times there is no possibility, but if they shift their focus towards self-employment, then the lack of a job can be reduced to a great extent. With the implementation of this project, the youth of the state will get immense help in setting up their business.
Features of the Yuva Swavalamban Yojana
The main reason behind implementing this scheme is that the main objective of the state government can be to motivate the youth for self-employment, and they should show interest in starting their own business.
Reduce job shortage
With the implementation of this project, the problem of lack of jobs in the state will be eliminated. Youngsters will be able to start their own business instead of wandering in search of jobs so that they will not have to do a job anywhere but by starting their own business they can also become employable employers. If they set up their own business in this way, then they will not need to find more jobs, instead, they will be able to give employment to the unemployed themselves.
Government land for rent
If a self-employed person wants the land, then he can take the help of the government for this if he gets the approval of the HP government and he wants to take the government land as rent, then the state government will get the actual rate of that land. It will only charge up to 1%.
The decrease in stamp duty
The government will also reduce the number of stamps to be filled by them to motivate the youth to participate more and more in the self-employment scheme. Under this project, if one wants to buy land, instead of 6%, a stamp duty of up to 3% will have to be paid.
For participants of special age – Any native of Himachal Pradesh, who is between 18 and 35 years of age, can apply in this employment scheme.
Eligibility for Himachal Pradesh Chief Minister Yuva Swavalamban Yojana
- All unemployed youth, between the ages group of 8 to 35, are eligible for this scheme.
- According to the scheme, unemployed youth will get a 25% subsidy on machinery with an investment of Rs 40 lakh in the industry.
- While jobless women will get a 30% subsidy with an investment of Rs 40 lakhs on machinery in the industry.
- The state government will provide an interest subsidy of 5% for 3 years at Rs 40 lakh.
- Apart from this, the government will also provide land on rent to the youth at a rate of just 1%.
- With this, the government will reduce the stamp duty on the purchase of land from 6% to 3%.
Himachal Pradesh Mukhyamantri Yuva Swavalamban Yojana is a versatile scheme of the state government, it has a very easy way for the youth of the state to install loans and establish their own establishments. Therefore, you should take the maximum benefit of this scheme.