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CM launches scheme to boost self-employment

Sentinel Digital DeskBy : Sentinel Digital Desk

  |  5 July 2017 12:00 AM GMT

From Our Correspondent

Itagar, July: Adhering to its commitment to generate employment opportunity for educated unemployed youth in the state, the Aruchal Pradesh government on Tuesday launched the ambitious Deen Dayal Upadhay Sawalamban Yoja (DDUSY) to help setting up self-employment avenues.

The scheme conceptualized by Chief Minister Pema Khandu and approved by the state cabinet, is aimed at exploring self-employment avenues through bank finces.

Loan amount ranging from Rs 10 lakh to one crore would be provided by the bank and government would provide back ended capital subsidy to the tune of 30 per cent, which would be disbursed to the banks through BARD.

The scheme will provide the much needed fincial boost to the state’s small and no entrepreneurs in sectors like agriculture, horticulture, dairy development, fishery, textile & handicrafts and eco tourism.

“As government job sector is already saturated, we need to explore self-employment avenues to help the educated unemployed youths to become self-empowered. The scheme will provide the impetus in this direction,” Khandu said while launching the scheme here.

The chief minister appealed the youths to be honest and sincere in their endeavour and asserted that the government was committed for their development and the scheme is a step in that direction. Khandu said the scheme would be implemented in all the districts through the respective deputy commissioners and the government would increase the subsidy amount in due course of time and would incorporate other sectors under it.

Appreciating Prime Minister rendra Modi for launching various flagship programmes in the country, the chief minister said, “After 70 years, the tion gets a dedicated prime minister whose vision is to develop all parts of the country equally.”

The chief minister also iugurated the facebook’s tionwide ‘Boost Your Business’ programme to supplement the DDUSY scheme.

The Boost Your Business programme is focused on providing entrepreneurs with new digital resources, insights and stimulus to build and grow their business online.

Entrepreneurs would be introduced to facebook shop which would help them sell their products on a platform with more than 18 crore users in India.

“Our government is committed for holistic development of the state and programme like Boost Your Business and Deen Dayal Upadhay Sawalamban Yoja will encourage entrepreneurship and employability so that the people of the state becomes the new engine of India’s growth,” Khandu added.

The chief minister also lauded Rajat Arora of facebook for launching the programme in the state.

Veteriry, Animal Husbandry and Dairy Development Minister Dr Mohesh Chai speaking on the occasion lauded the initiatives taken by Khandu in the state and informed that the chief minister despite all constraints, had created 4000 jobs in the state in the past 11 months after taking reign of the state.

The minister called upon the youths to take advantage of the DDUSY to boost their business and realize their dreams.

PHE Minister Bamang Felix in his deliberation said that the elected leaders need to shoulder the task to implement the scheme successfully in the state which is in tune with Modi’s slogan of Saab Ka Saath Saab Ka Bikas.

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