Assam re-launches self-employment scheme SVAYEM worth Rs 1,000 crore

Assam re-launches self-employment scheme SVAYEM worth Rs 1,000 crore

• The state government of Assam re-launched an old scheme titled ‘Swami Vivekananda Assam Youth Empowerment (SVAYEM)’ on 4 September 2020, which aims to provide self-employment to around 2 lakh youths of the state.
• The SVAYEM scheme was launched by the government in 2017-18.
• This is the biggest self-employment programme launched by any government in Assam since Independence.

Key Features of the SVAYEM scheme

• The scheme has been re-launched with a budget of Rs 1000 crore.
• Under the scheme, the state government would provide Rs 50,000 each as seed money to selected youths to start business ventures.
• The government will provide this money in the next three months from its own revenue, without any banking linkage.
• To avail the benefit of the scheme, the 2 lakh beneficiaries would have to be part of self-help groups, joint liability groups, etc. before September 1

Points to Remember:

1. The SVAYEM scheme has been launched by which state? Assam
2. How much amount of budget has been allocated to the SVAYEM scheme by Assam Govt? Rs 1000 crore