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Rise Together
Mission Youth, J&K has rolled out a specially designed community-oriented livelihood generation scheme for the youth of J&K under the name of ‘Rise Together.
About This Scheme
Benefits
₹20.0 L
- Financial assistance to the extent of ₹ 20.00 lakh comprising of an upfront subsidy component provided by Mission Youth (Minimum of ₹2.5 lakh or 10% of project cost) and a Loan provided by the Bank (70% of the project cost to the extent of ₹ 17.50 lakh).
- The balance cost of the project, not less than 20% of the project cost, shall be self-financed/ self-arranged by the beneficiary youth group as Margin Money for availing the Financial Assistance under the scheme.
- The special subsidy so provided towards Repayment under the scheme shall be limited to an aggregate of ₹ 5.0 lakh per case;
Eligibility
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Any domicile of J&K is essentially registered with Mission Youth, J&K.
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Only the Youth Groups with minimum 3 youth members shall be eligible for Financial Assistance under the scheme;
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The financial assistance would be given only to Youth Groups with all its members aged 18 to 35 years having a minimum qualification of 12th standard. Provided that CEO Mission Youth shall be competent to relax the educational qualification criteria for deserving candidates on a case to case basis, based on proper justification.
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Preference will be given to youth registered as Self-Help Groups/ Registered Society/ Registered Trust.
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None of the group members shall have availed benefit under any Self-Employment or similar schemes of the Government.
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Character Antecedents of all members of the group should be certified by the Police.
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The applicants should not be defaulter to any Bank/ Financial Institution.
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Loan facility availed by the beneficiaries under Govt. sponsored scheme are not eligible.
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The beneficiary must be unemployed. To be certified by competent authority.
Required Documents
- ✦Domicile Certificate/ Ration Card.
- ✦Aadhaar Card.
- ✦Date of Birth Certificate issued by the competent authority.
- ✦Matriculation Certificate.
- ✦Unemployment certificate (Unemployment Certificate is required only if applying as a new business).
- ✦Project report of the activity intended to be financed.
✦ Required ◦ Optional
How to Apply
- Mission Youth shall invite proposals from interested youth during the 4th quarter of each year.
- Applicants have log in with their Aadhaar on the portal.
- Fill out the required information on the portal.
- The Assessment Process shall be completed by the end of each Financial year and the list of proposals shortlisted shall be notified in the Month of April each year.
- The selected Youth Groups shall be provided with necessary counselling and, post counselling, the selected youth groups shall submit a detailed project report (DPR) covering all significant contours of the proposed activity.
- The DPRs so submitted shall be evaluated by Technical Committee to be constituted by Chief Executive Officer Mission Youth.
- The DPRs found up to the mark by the Technical Committee shall be considered for Assistance under the programme.
- The Concerned Youth Groups shall be given pre-sanction training to facilitate effective execution of intended interventions.
Quick Info
- Level
- State Government
- Max benefit
- ₹20.0 L
Available In
Categories
Data Sources
- https://www.myscheme.gov.in/schemes/rt ↗Accessed Today
- https://www.myscheme.gov.in/schemes/rt ↗Accessed 8 days ago
- https://www.myscheme.gov.in/schemes/rt ↗Accessed 15 days ago
- https://www.myscheme.gov.in/schemes/rt ↗Accessed 23 days ago
- https://www.myscheme.gov.in/schemes/rt ↗Accessed 1 months ago
- https://www.myscheme.gov.in/schemes/rt ↗Accessed 1 months ago
- https://www.myscheme.gov.in/schemes/rt ↗Accessed 1 months ago
