Assam government has launched the Swami Vivekananda Assam Youth Empowerment Yojana 2020. In this SVAYEM Scheme Assam 2020, govt. will provide Rs. 50,000 each to 2 lakh youth to encourage entrepreneurship.
The redesigned SVAYEM Scheme Assam 2020 will be launched with a budget of Rs. 1000 crore which is to be spent in the next 3 months without any banking linkage.
The 2 lakh beneficiaries would have to be part of self-help groups, joint liability groups etc before 1 September 2020.
SVAYEM Scheme 2020 will provide financial support to the youths to take up income generating activities in manufacturing, trading and service sector.
By utilising the Rs. 50k seed money received in this scheme, selected youths can start their business ventures.
