The following benefits will be provided to Entrepreneurship/ Applicant under Tamil Nadu Government's Unemployed Youth Employment Generation Programme :-
Capital Subsidy of 25% of Project Cost or Maximum of Rs. 2,50,000/- will be provided to Entrepreneurs.
Bank Loan will be provided on Remaining Project Cost.
Lots of Youth wants to start their business to become Entrepreneurs.
But due to financial crunch and high cost of projects some of them drops the idea to start their business.
But Tamil Nadu Government came up with an initiative to help those unemployed youths who eagerly wants to start their own business.
Unemployed Youth Employment Generation Programme is going to be the major social welfare programme Tamil Nadu Government.
The main objective behind launching this programme is to support the youth of Tamil Nadu financially and help them to make their own employment generation venture.
This programme will help to generate employment for unemployed youth and as well as create employment opportunities for other people also.
Under Unemployed Youth Employment Generation Programme, Government of Tamil Nadu will provide capital subsidy to new entrepreneurs for setting up their own income generation activity.
Capital Subsidy of 25% of Total Project Cost or a Maximum of Rs. 2,50,000/- will be provided to eligible applicant under Unemployed Youth Employment Generation Programme.
Capital Subsidy will be provided on below mentioned maximum project cost :-
Category
Project Cost
Manufacturing
Rs. 15,00,000/-
Business/ Trading
Rs. 5,00,000/-
Service
Rs. 5,00,000/-
Beneficiary has to contribute the following percentage of project cost from their own pocket :-
For General Category Beneficiary :- 10% of Project Cost.
For Special Category Beneficiary :- 5% of Project Cost.
Remaining Amount of Project Cost will be provided as a bank loan to the applicant.
There will be no Collateral Security is required for bank loan.
The repayment period of bank loan is 5 years.
Only those beneficiaries are eligible for capital subsidy whose annual family income is below Rs. 5,00,000/- per year.
The following benefits will be provided to Entrepreneurship/ Applicant under Tamil Nadu Government's Unemployed Youth Employment Generation Programme :-
Capital Subsidy of 25% of Project Cost or Maximum of Rs. 2,50,000/- will be provided to Entrepreneurs.
Bank Loan will be provided on Remaining Project Cost.
No Collateral Security Required.
5 Years of Loan Repayment Period.
Maximum Project Cost per Entrepreneur should be :-
Rs. 15,00,000/- for Manufacturing.
Rs. 5,00,000/- for Business/ Trading.
Rs. 5,00,000/- for Service.
Eligibility
Applicant should be a Permanent Resident of Tamil Nadu.
Applicant should have passed minimum Class 8th.
The Annual Family Income of Applicant should be below Rs. 5,00,000/-.
The Age of Applicant should be :-
Between 18 Years to 35 Years for General Applicant.
Between 18 Year to 45 Years for below mentioned Special Category Applicant :-
Women.
Minorities.
Backward Class.
Most Backward Class.
Schedule Caste.
Schedule Tribe.
Ex-Servicemen.
Transgenders.
Differently Abled.
Project Cost Contribution of Applicant should be :-
10% of Total Project Cost for General Applicant.
5% of Total Project Cost for Special Category Applicant.
Documents Required
The below mentioned documents is required to avail the benefit of Tamil Nadu Unemployed Youth Employment Generation Programme :-
Residence Proof of Tamil Nadu.
Ration Card.
Class 8th Education Related Documents.
Nativity Certificate. (If there is no Ration Card).
Applicant has to Register themselves first by filling the basic details such as Name, Date of Birth, Aadhar Number, Mobile Number, Email ID and Password.
After Registration, Login with the Email or Mobile Number and Chosen Password.
Fill the below mentioned details in Unemployed Youth Employment Generation Programme Application Form steps wise :-
Personal Details.
Contact Details.
Education Related Details.
Project Details.
Now click on submit to submit the Application Form of Unemployed Youth Employment Generation Programme.
Application Form and Documents will be scrutinized by the concerned officials of District Industries Centre.
Selected Applicant will be called for Interview.
After Interview, Applications for Capital Subsidy will be sent to bank for loan.
Then an Entrepreneurship Development Programme Training will be conducted for Selected Applicants.
It is mandatory to attend the Training of Entrepreneurship Development Programme.
Loan will only disbursed by the bank once applicant submit the Entrepreneurship Development Programme Training Certificate in the bank.
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I want to apply
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solar power plant
solar power plant
repayment minimum time period
repayment minimum time period
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