Deen Dayal Swavalamban Yojana is a startup loan scheme being run by the state government of Arunachal Pradesh to encourage unemployed youth to gain to low-cost capital for setting up of entrepreneurship.
Under the Swavalamban Yojana, the state government is providing financial assistance in form of subsidy on startup loan.
Under Deen Dayal Upadhyaya Swavalamban Yojana, the state government will facilitate bank loans to the youths’ between Rs. 10 lakh and Rs. 1 Crore for setting up greenfield enterprises.
The candidates can take loan from any bank of the state (Except Arunachal Pradesh Rural Bank (APRB) & Arunachal Pradesh State Co-operative Apex Bank Ltd (Apex) under the scheme.
Apart from 30% subsidy, women entrepreneurs would be eligible for additional 5% subsidy annually provided they don’t turn out to be Non Performing Assets (NPA).
To avail the scheme benefits, the beneficiaries need to register with Stand Up India scheme of central government. Under the Swavalamban startup loan scheme, the candidates have to contribute at least 10% of the project cost by themselves.
