Odisha Cabinet Okays Proposals For Interest-Free Loans To Jobless Youth, Rs 1000 And Bags For Ration Card Holders

If you have a ration card, you will get two bags and 1000 rupees. Youths can get interest-free loans up to 1 lakh. The Cabinet has approved 27 proposals from 14 departments.

Rs 1000 And Bags For Ration Card Holders

Important decisions were made at the state cabinet meeting. The cabinet approved 27 proposals. In this meeting, it was decided to start a new Swatantra Yuva Udyami (SWAYAM) scheme for the youth. It has been decided that the ration card beneficiaries will get two bags and Rs. 1,000.

The state cabinet also resolved to provide two jute bags, one with a capacity of 20 kg and the other with a capacity of 10 kg, free of cost. This initiative will extend its benefits to a total of 3,35,98,401 individuals from among the 95,90,526 families enrolled in the public distribution system (PDS) in Odisha.

Swatantra Yuva Udyami (SWAYAM) Scheme

The state government is set to introduce a fresh scheme titled Swatantra Yuva Udyami (SWAYAM) aimed at raising self-employment opportunities for the youth in the state. The cabinet has given its approval for this scheme, marking a major step towards empowering young individuals to pursue entrepreneurial endeavors.

As per the scheme's requirements, the state government will extend interest-free bank loans of up to Rs 1 lakh to unemployed individuals aged 18-35 male or female residing in rural and urban areas of Odisha, as highlighted by the Chief Secretary. These loans are intended to empower unemployed youth by facilitating the establishment of new projects or the development of their current businesses.

In country districts, qualification for the plan expects that the candidate's family be signed up for either the Krushak Help for Occupation and Pay Expansion (KALIA) or the Biju Swasthya Kalyan Yojana (BSKY) of the state. The public authority plans to incorporate at least 1 lakh provincial young people into the plan for more than a two-year time frame.

It will spend Rs. 448 million for the plan. In metropolitan regions, the plan will be named SWAYAM (U).

As per the rules, the candidate's family's yearly pay should not cross Rs 3 lakh, said Boss Secretary Jena.