Objective:
The Deen Dayal Upadhyaya Swavalamban Yojana (DDUSY) is an ambitious initiative launched by the Government of Arunachal Pradesh to empower unemployed youth by promoting entrepreneurship and self-reliance. This scheme aims to foster economic growth by encouraging small and medium enterprises across the state.
Key Benefits:
- Subsidy on Capital Investment: Eligible beneficiaries receive a 40% front-ended capital investment subsidy on projects costing between ₹10 lakh and ₹50 lakh.
- Low Interest Rates: A 5% interest subsidy on bank loans for eligible businesses.
- Focus on Priority Sectors: The scheme prioritizes sectors such as agro-based industries, traditional crafts, tourism, small-scale manufacturing, and services.
Who Can Apply:
- Unemployed youth of Arunachal Pradesh aged between 18-35 years.
- Applicants must hold a minimum qualification of Class 8 and should be residents of the state.
How to Apply:
- Visit the official website DDUSY Arunachal to access the application form.
- Prepare a detailed project report outlining the business plan.
- Submit the form along with necessary documents to the nearest District Industries Centre (DIC).
Documentation Required:
- Aadhaar card for identification.
- Proof of residence in Arunachal Pradesh.
- Business proposal document.
- Bank account details for loan processing.
Implementation and Support: Through DDUSY, the government provides mentorship, financial support, and guidance to young entrepreneurs to ensure sustainable business development and job creation.
Additional Information:
- The scheme also offers training programs on entrepreneurship skills and business management to equip beneficiaries with necessary skills.
- Various government departments provide continuous support for eligible businesses, helping them navigate challenges and grow efficiently.
Contact Information: For more details, you can reach out to your local District Industries Centre or visit the official website.
Let’s work together for a self-reliant Arunachal Pradesh!
This scheme is an ideal stepping stone for the state’s youth to transform ideas into reality and contribute to the economic prosperity of Arunachal Pradesh.