Nod to Rs 860 cr under self-employment plan in Himachal

Tribune News Service

Shimla, December 19

Conceived to create self-employment opportunities in the state, the Mukhyamantri Swavalamban Yojana is getting a good response. The scheme has been helpful in stopping the migration of the local youth to big cities.

Under the scheme, 4,862 cases with an investment of Rs 860.15 crore have been approved by the banks. It will provide employment opportunities to as many as 14,551 persons in the state.

At present, 2,593 units with an investment of nearly Rs 430 crore had been established and are providing employment to as many as 7,216 persons and Rs 147 crore has been provided as subsidy.

Under the scheme, the local youth are being provided benefits in the manufacturing, trade and identified service sector on projects up to Rs 1 crore. Men in the age group of 18 to 45 years and women in 18 to 50 years could avail the benefits under this scheme, a spokesperson of the government said here on Sunday.

Meanwhile, on investment in machinery and plants worth Rs 60 lakh, there is a provision of 25% subsidy for men, 30% for women and 35% subsidy for widows. Also, 5% interest subvention for three years has been provided on loan up to Rs 60 lakh.

Interested beneficiaries are required to submit the application on the prescribed form to the joint/deputy director of the Industries Department or the general manager of the District Industries Centre along with a copy of Aadhaar card and bona fide Himachali certificate.

Notably, the state government has added some more activities under the scheme, taking the total to 103. These include small scale service and business enterprises such as establishment of silage units, Unnat Dairy Vikas Project (a unit of minimum 10 cows or buffaloes), establishment of cold storage facilities for milk and its products, farm stay, agro and farm tourism, construction of retail outlets for agriculture and manufacturing of farm equipment among others.

About the scheme

The Mukhyamantri Swavalamban Yojana (MSY) aims to turn the educated youth from jobseekers to job creators and to give support to the Startup and Innovation Projects in the state, to provide employment opportunities and to stop the migration of the local youth to big cities.