Young entrepreneurs, with manufacturing cost less than INR 15 lakh can get financial support to set up their business.
Objective
To assist marginalised youths to be become entrepreneurs.
Key Benefits
Subsidy provided for 25% of project cost, subject to a maximum of INR 2.5 Lakh
Eligibility Criteria
The applicant should be minimum 18 years of age; and
1. For General category: maximum 35 years of age.
2. For Special category (SC/ ST/
MBC/ BC/ Minorities/Ex-Servicemen/ Differently-abled/ Transgender): maximum 45 years of age.
The applicant should have passed 8th standard.
The family income of the applicant should not exceed INR 5 lakh per annum.
The applicant's contribution should be 10% of project cost for General category; or 5% for Special category.
Entrepreneurship Development Programme (EDP) training is mandatory.
Project cost should not be more than INR 15 lakh for manufacturing, and INR 5 lakh for business/ service activities.