SWAYAM Scheme Odisha – Eligibility, Objectives and Key Benefits

SWAYAM Scheme Odisha – Welcome to Jobrajasthan.com, On Monday, the Odisha Cabinet approved a number of initiatives, including the establishment of ‘SWAYAM’, which will provide interest-free loans of up to Rs 1 lakh to rural unemployed youths and entrepreneurs aiming to grow their enterprises.

SWAYAM Scheme Odisha

In preparation for the upcoming elections, the Odisha government has chosen to introduce a brand-new initiative known as Swathantra Yuva Udyami (SWAYAM). To help young people in the coastal state launch their own enterprises, SWAYAM is offering a bank loan of Rs one lakh without interest.

The state government would offer interest-free bank loans up to Rs 1 lakh to young people without jobs between the ages of 18 and 35. The goal of the new scheme is to assist young people in launching new ventures or expanding already established ones.

Swayam Scheme Odisha Highlights

NameSwayam Yojana
Initiated ByGovernment Of Odisha
StateOdisha
Launch Date12th February 2024
BeneficiariesYouth of state
Objectiveproviding young people up to Rs. 1 lakh to launch businesses
Official Websiteswayam.gov.in

On Monday, Chief Secretary PK Jena announced that the state Cabinet, headed by Chief Minister Naveen Patnaik, has approved a proposal in this regard. The plan would be implemented by the government using money totaling Rs 448 crore. Jena states that the programme has a two-year duration.

Odisha SWAYAM Scheme Eligibility Criteria

The state Cabinet adopted 26 proposals during a meeting headed by Chief Minister Naveen Patnaik on Monday at the Lok Seva Bhawan here.

Under SWAYAM or Swatantra Yuva Udyami, eligible youths in rural areas between the ages of 18 and 35 can apply for up to Rs 1 lakh in loans to start new enterprises or grow current ones.

According to official sources, “any youth who wish to start or expand a business and who are unemployed in rural areas or who do not have any outstanding loans for the same purpose from any Central or state government-sponsored schemes within the age group of 18-35 years (18-40 years for the special category) will receive interest-free bank loans up to Rs 1 lakh for their project.”

Objectives of the SWAYAM Scheme

Objectives for SWAYAM Scheme Odisha is available below:

Accessible Higher Education:

  • The principal aim of the SWAYAM Scheme is to increase the accessibility of higher education to a wider demographic, particularly those living in distant and underprivileged regions of Odisha.
  • Through the use of digital technology, the scheme brings quality education to the doorstep of students who might otherwise face geographical or economic constraints.

Skill Development:

  • Recognizing the importance of skill development in the contemporary job market, the SWAYAM Scheme emphasizes the inclusion of skill-based courses.
  • The platform offers a diverse range of courses that enable students to acquire practical skills, enhancing their employability and contributing to the state’s workforce development.

Promotion of Lifelong Learning:

  • The scheme encourages the concept of lifelong learning by providing a platform where individuals can pursue education at their own pace and convenience.
  • Working professionals especially benefit from this flexibility since it allows them to advance their careers without sacrificing their obligations to their employers.

Key Features of the SWAYAM Scheme

Key Features for SWAYAM Scheme are as follows.

Online Learning Platform:

  • SWAYAM provides a robust online learning platform where students can access a wide array of courses from various disciplines.
  • The platform utilizes modern technology to deliver video lectures, e-books, quizzes, and discussion forums, creating an interactive and engaging learning experience.

Free of Cost:

  • One of the standout features of the SWAYAM Scheme is that it offers courses free of cost to learners.
  • This removes financial barriers, making quality education accessible to a larger demographic, including those who might not have the means to afford traditional higher education.

Certification:

  • Upon successful completion of courses, students receive certificates that hold value in the job market.
  • This recognition adds credibility to the skills acquired through the SWAYAM platform, further motivating learners to actively participate and complete their chosen courses.

Impact on Education of Odisha SWAYAM Scheme 

Increased Enrollment:

  • The SWAYAM Scheme has significantly contributed to an increase in enrollment in higher education courses across Odisha.
  • The convenience of online learning has attracted students who were previously unable to pursue higher education due to geographical or financial constraints.

Diversification of Skills:

  • Youth of Odisha now have a wider range of talents thanks to the addition of skill-based courses.
  • This, in turn, has a positive impact on employment rates, as individuals equipped with practical skills are better prepared to meet the demands of the job market.

Digital Literacy:

  • The SWAYAM Scheme Odisha has played a crucial role in promoting digital literacy among students in Odisha.
  • By utilizing online resources, students are not only gaining subject-specific knowledge but also developing digital skills that are increasingly vital in today’s technologically driven world.
Required Documents

The following are some of the crucial documents needed for Swayam Yojana Odisha:

  • Passport Size Photo
  • Aadhar Card
  • Ration Card
  • PAN Card
  • Address Proof
  • Mobile Number
  • Email ID

The Odisha government will apply for the scheme right away when the portals go live since, based on current reports, there won’t be an application fee. Thus, keep yourself informed about everything related to this programme so you can anticipate the opening of the portals.

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