It may be noted that under the scheme, financial aid will be given to two lakh youth for creating a robust entrepreneurial ecosystem. This scheme aims at facilitating self-employment among educated youth, creating entrepreneur oriented ecosystem in the state, generate employment via new ventures, financial assistance to individuals to set up or expand existing enterprises, increase focus on rural economy, and increase the seed capital amount through bank linkages where feasible.
Sarma said that the scheme has been designed to create self-employment avenues in the state to enable the youth to fuel development of the state. He also said that the scheme has the potential to strengthen the rural economy.
He also said that the unemployed degree holders in engineering, MBBS, BDS, agriculture, animal husbandry, fishery etc will be kept in the first category and will be given Rs. 5 lakh. On the other hand unemployed Post graduates, general graduates, ITI, Polytechnic pass-outs will be kept in the second category for government assistance of Rs. 2 lakh. He also said that in the first category out of Rs. 5 lakh, the beneficiaries will have to return Rs. 2.5 lakh without any interests and the remaining amount will be government assistance. Similarly, in the second category Rs. 1 lakh will be government subsidy and remaining Rs. 1 lakh will have to be paid back by the beneficiary without any interests.
He also said that under the scheme, targeted sectors will be agriculture and horticulture, stationery, poultry, dairy, goat farming, piggery, fisheries, packaging, readymade garments, fabrication, plantation- bamboo, rubber, agar etc, wood based industries etc. He said that one member from one family shall be eligible for the scheme and the applicant will be registered with the employment exchange.