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
1. 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).
1. 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.
₹5.0 L
1. 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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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
Apply here ↗Quick Info
- Level
- State Government
- Max benefit
- ₹20.0 L
