swayam.odisha.gov.in Apply Online and Registration 2024

The applicants can now apply and register online for the Odisha Swayam Scheme. All the citizens of Odisha state who want to avail the benefits of the Odisha Swayam scheme can now apply and register for the Swayam scheme online on the official website. The applicants who clear the eligibility criteria for the Odisha Swayam scheme can just go to the official website to fill out the registration form online. The official website to apply and register for the Odisha Swayam scheme is swayam.odisha.gov.in. The selected applicants under the swayam.odisha.gov.in will get financial assistance and other benefits from the Odisha state government.

About swayam.odisha.gov.in Portal

The Odisha state government launched the swayam.odisha.gov.in Portal to apply for the Odisha Swayam scheme. All the youth of Odisha state who want to avail the benefits of the Odisha Swayam scheme can go to the swayam.odisha.gov.in Portal portal to fill out the registration form. The selected applicants under the Odisha Swayam scheme will get financial assistance in the form of an interest-free loan from the Odisha state government. With the help of an interest-free loan of up to INR 1 lakh, the financially unstable can start their own business. This scheme aims to create employment opportunities for all the skilled and semi-skilled workers in the Odisha state

What is the Odisha Swayam Scheme?

To help the financially unstable and unemployed youth of the Odisha state the Odisha state government launched the Odisha Swayam scheme. Under the Odisha Swayam scheme, the Odisha state government will provide interest-free loans of up to INR 1 lakh to all the selected applicants. With the help of the interest-free loan, the applicants can start their own business in Odisha state. This scheme will encourage the citizens of Odisha state to start small and micro businesses with the help of interest-free loans. The interest-free loan from the Odisha Swayam scheme will be transferred directly to the selected applicant’s bank account.

Key Highlights of swayam.odisha.gov.in

Also Read: Odisha 2 Lakh Interest-Free Loan For Youth

Eligibility Criteria

• The applicant must be a permanent resident of Odisha state.
• The applicant must be between the age group of 18 to 35 years.
• For all the applicants who belong to the SC, ST or PWD categories, the upper limit is 40 years.
• The annual income of the applicant’s family must not exceed INR 2 lakh.
• The applicant must be a UDYAM registered applicant.

Age Criteria

• The applicant must be between the age group of 18 to 35 years.
• The upper limit of age is 40 for all the applicants who belong to the SC, ST or PWD categories.

Exclusion Criteria

• If the applicant is a defaulter in any bank or financial institution or has an outstanding loan for the same purpose he will not be eligible for the Swayam Scheme Odisha.
• All the applicants whose family members have a permanent job under any Central or state government are not eligible.
•  Only one member of the family is eligible to avail of the benefits of the Swayam Scheme Odisha.

Cost of Project Under Swayam Scheme Odisha

• The cost of the project under the Swayam Scheme Odisha is INR 1 lakh with a 5% margin money to be paid by the borrower. Thus the total amount given to the applicant is INR 95,000.

Features of Swayam Scheme

• The Government of Odisha state launched the Odisha Swayam scheme for all the youth of Odisha state.
• This scheme will provide financial assistance in the form of loans to all the selected applicants of Odisha state.
• The financial assistance of INR 1 lakh in the form of an interest-free loan will be given to the selected applicants.
• The applicants can start their own business with the help of an interest-free loan.
• This scheme will create employment opportunities for all the skilled or semi-skilled workers in Odisha state.

Rate of Interest and Payment Schedule

• The normal rate of interest is applicable for state or central schemes. The repayment period of the loan is 4 years including the moratorium period of 3 to 6 months.

Application Processing Fee

• There are no application processing fees to apply for the Swayam Scheme Odisha.

Insurance Coverage

• There will be compressive insurance coverage on all types of risks including floods and earthquakes for 110% of the value of the stocks declared by the banks. The borrower will pay the insurance charges.

Implementation Process

• The Swayam Scheme Odisha will be implemented only in the Odisha state.
• There will be a dedicated website for registration and submission of applications for implementation of this scheme.
• The services of more Seva Kendra can also be utilized by the applicant for submission of the application.
• During the field verification bank will assist the applicant in preparing the required simplified DPR for Sanctioning loans.
• The bank will disperse the loan amount to the applicant after sanction and deposit of centre guarantee and margin money.

swayam.odisha.gov.in Apply Online and Registration 2024

• To do swayam.odisha.gov.in Apply Online and Registration 2024 the applicant can go to the official website.

• On the home page click on the option Registration.

• A new page will appear on your screen.
• Fill out all the details that are asked and attach all the necessary documents.
• Click on the option Submit to complete your process.

Download Important Guidelines

• To download important guidelines the applicant can go to the official website.
• On the home page click on the option Guidelines.
• Choose the guidelines you want to download.
• The PDF file will open on your screen.
• Click on the option download to complete your process.

Contact Details

• Helpline no:- 0674 – 2974093

FAQs