Assam finance minister Himanta Biswa Sarma said that the Re-Swami Vivekananda Assam Youth Empowerment (Re-SVAYEM) scheme will go a long way in helping youths to become self-reliant.
Sarma said this while ceremonially launching the Re-SVAYEM scheme at the Kumar Bhaskar Barman Kshetra in Amingaon in North Guwahati.
The Re-SVAYEM scheme aims to provide financial assistance of RS 50,00 to youths of Assam so that they adopt income-generating activities.
Under the scheme, the government will provide financial assistance to 2 lakhs boys and girls in the state.
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“Under the Re-SVAYEM scheme the state government will form self-help groups (SHG) comprising of five or 10 boys and girls so that they can engage in different livelihood generation activities,” said Himanta Biswa Sarma.
“The state government will provide Rs 2.5 lakhs to a five-member SHG and Rs 5 lakhs to SHG so that they can start a business,” said Sarma.
In the initial stage, the state government will provide Rs 30,000 to each of the 2 lakh beneficiaries.
The beneficiaries will have to undergo a three-day training programme, after which another Rs 20,000 will be credited into their bank accounts.
“We have made arrangements to train these youths on different aspects including entrepreneurship in different training institutes of the state so as to help them in starting a venture of their own,” said the finance minister.
“The first installment of Rs 30,000 will be credited into their bank accounts within the next 72 hours,” he further said.
The state government also plans to engage these SHGs in offering small government services in rural places.
They will be inducted into different government departments in the state at a later stage.
“We will provide all forms of assistance to SHGs that will continue to be productive. We will also help them in availing loans from banks and financial institutions,” Sarma said.