 Early Times Report
UTTARAKHAND, Dec 17: Chief Minister Shri Pushkar Singh Dhami on Wednesday distributed an amount of ?33.22 crore to the bank accounts of 3,848 beneficiaries under the Chief Minister's Self-Employment Scheme through an online mode from the Chief Minister's residence. He said that the state government is committed to ensuring that the youth of Uttarakhand become job creators, rather than job seekers. He stated that the Chief Minister's Self-Employment Scheme is one of the state's flagship initiatives, which has played a significant role in curbing migration, promoting reverse migration, and generating employment at the local level.
The Chief Minister said that migrants who returned during the COVID-19 period, young entrepreneurs, artisans, handicraftsmen, and educated unemployed youth are the main beneficiaries of this scheme. Under the scheme, loan facilities are being provided to native and permanent residents of the state in the manufacturing, service, and trade sectors through nationalised, cooperative, and regional rural banks. A project cost of up to ?25 lakh is permissible for manufacturing units and up to ?10 lakh for service and trade units. Under the scheme, margin money assistance (subsidy) ranging from 15 to 25 percent of the project cost is being provided. The scheme had set a target of covering around 32,000 beneficiaries; however, more than 35,000 beneficiaries have already been benefited so far. Loans exceeding ?1,389 crore have been disbursed under the scheme, resulting in the creation of approximately 64,966 new jobs. Chief Minister said this proves that the scheme is not merely on paper but is being implemented effectively on the ground.
Chief Minister Shri Pushkar Singh Dhami described it as a "game-changer scheme" for small traders and for the state's journey towards self-reliance. He said that in view of the success of the scheme, the Chief Minister's Self-Employment Scheme 2.0 (MSY 2.0) has been launched from 2025, integrating the MSY and Nano schemes. Under the new framework, the subsidy limit has been increased from 15 percent to up to 30 percent. Additionally, an extra 5 percent subsidy has been provisioned under the concepts of geographical, social, and product boosters, making the scheme economically as well as socially empowering. |
