HP Mukhyamantri Yuva Swavalamban Yojana 2020 (MSY) Application Form

HP Mukhyamantri Yuva Swavalamban Yojana 2020 (MSY) Application Form | मुख्यमंत्री युवा स्वावलंबन योजना २०२०

Unemployment is the biggest problem, India is facing today. There is no lack of educated persons but there is lack of jobs in the market due to which youth get frustrated and take wrong steps. Unemployment is the reason of crime, Suicide, theft. There is always lack of jobs either it is private sector or Government sector. So government has to promote self-employment. This step was taken by Himachal Government and announced new scheme called HP Mukhyamantri Yuva Swavalamban Yojana 2020 which explores the chances of self-employment. Youths are wandering here and there and at the end they don’t get job.SO Himachal Government plan to make the people self-dependent and let them to do their own business.This scheme was first announce by CM of Himachal Pradesh Mr. Jai Ram Thakur on 25,May,2018. 

Mukhyamantri Yuva Swavalamban Yojana

Motivate the youth of state:- This scheme helps the youth of state to start their own venture and it creates motivation in them which helps them for their better future.

Remove Unemployment–This scheme helps to reduce unemployment in the state. Youth can easily start their own business and further they have no need to find jobs.

Subsidy: – Under this scheme the subsidy for the jobless youths is 25% on machinery for the loan up to Rs.40 lakhs and for jobless women the subsidy is 30% on machinery for the loan up to Rs. 40lakh.

Reduce Crime rate:- This scheme helps to reduce the crime rate in the state as youth try to invest the money to open a business rather than doing unsocial things.

Land:– Under this scheme the youth of the state can buy the land for opening any business on the interest rate of 1%.

Mukhyamantri Yuva Swavalamban Yojana
Mukhyamantri Yuva Swavalamban Yojana

The government of state will provide interest rate of 5% only for the first three years.

Reduction of stamp duty – The state government also reduce the stamp duty on purchasing land.The stamp duty under this scheme is charged 3% instead of 6%.

Budget for the scheme implementation

The Himachal Pradesh government has announced the budget for this scheme is up to Rs.80 Crore. If more funds are needed then government will increase the budget.

For service sector:

The money invested in the Plant and machinery can also include the budget of construction of building and other assets.The land cost is excluded in it.The total project cost must not exceed Rs.60 lakh. The assets of plant and the machinery whose payment has been done in cash cannot be eligible for the subsidy.

Business youth may open under this scheme:

  1. Poultry Farm
  2. Pig farm
  3. Goat farm
  4. Disposable Manufacturing
  5. Pen Manufacturing plant
  6. Stationary items manufacturing
  7. Dairy farm
  8. Salons
  9. Boutiques
  10. Saree manufacturing Plant
  11. T-Shirt manufacturing plant
  12. Transport
  13. Bakery
  14. Travel Agency and many more.

Eligibility for this scheme:

  1. Citizen of State – Applicant must be the citizen of Himachal Pradesh
  2. Age limit: – The applicant must be in the age group of 18 to 45.
  3. Govt. Employee:-The applicant should not doing any job in state or centre government.
  4. Employment Exchange:-The applicant should have his/her name registered in employment exchange of state and have valid registration number.

Documents Required:-

  1. Residence Proof – The applicant have to submit the residence proof.
  2. ID Proof – The applicant must have updated Aadhar card or voter card for identity proof.

Himachal Government Schemes

Mukhyamantri Yuva Swavalamban Yojana 2020 Application Form

  1. Login to the official website of Himachal Government,URL is www.emerginghimachal.hp.gov.in.
  2. Download the common application form
  3.  Fill the form and submit it to Director of Industries/Deputy Director.
  4. The district level committee which is headed by DC will setup and examine the proposal thoroughly the details of the project.
  5. After the approval of the project by district level committee the applicant can apply for allotment of land in Industrial Areas/ Industrial Estates.

At the end we may conclude that this scheme will help to make the youth of state self-dependent and convert their dreams and ideas to reality. This scheme lead to happy family atmosphere because the youth can make their efforts to increase their business rather than doing wrong things .