Sikkim Skilled Youth Start-Up Scheme

15

Oct

🌱 Sikkim Skilled Youth Start-Up Scheme 🚀

The Government of Sikkim has launched the Skilled Youth Start-Up Scheme to empower unemployed youth by promoting entrepreneurship and self-employment across rural and urban areas. Under this scheme, youth can start their own manufacturing, service, agriculture, cooperative, or business ventures with financial assistance through bank loans and government subsidy (50% for BPL and 35% for others).

🎯 Objectives

Encourage local youth to become entrepreneurs.
Provide financial support for launching sustainable, viable ventures.
Reduce unemployment through self-employment and business generation.

💰 Benefits

Bank loan support with 35% or 50% subsidy.
Maximum project cost: up to ₹20 lakh (varies by category).
Free 3-day entrepreneurship training before loan disbursement.
Priority for Persons with Disabilities (PwDs) with 50% subsidy.
Eligible sectors include:
- Dairy, Poultry, Piggery, Organic Farming
- Food Processing, Handicrafts, Tourism & Homestays
- IT Services, Tailoring, Coaching Centres
- Automobile Workshops, Diagnostic Centres, etc.

🧾 Eligibility

Must be a resident of Sikkim with a valid COI/Residential Certificate.
Age: 18–45 years.
Minimum qualification: Class V pass.
Should be unemployed and not a bank defaulter.
Family income: below ₹8 lakh per annum.
Only one applicant per family can apply.
Must contribute 5–15% of the project cost as per bank norms.

📝 Application Process

Offline Mode:

Fill out the prescribed application form with a Detailed Project Report (DPR).
Submit it to the District Industries Centre (DIC) at Gangtok or Jorethang.
Applications are reviewed by a Selection Committee.
Upon approval, the project is forwarded to the bank for loan sanction.
Complete mandatory Entrepreneurship Training before fund release.