Many people in our country are still living in poverty. The government is constantly working to better the economic situation of all such citizens. Different sorts of schemes are used for different purposes. The Government of India runs one of these programs. The ‘Swarna Jayanti Gram Swarozgar Scheme‘ is its name. Efforts will be made through this scheme to lift rural families living in poverty above the poverty line. This article will provide you with all of the information you need about the Swarna Jayanti Gram Swarozgar Scheme. You may learn about the scheme’s goal, benefits, features, eligibility, important paperwork, the application process, and more by reading this article.

Swarna Jayanti Gram Swarozgar Scheme

The Government of India administers the Swarna Jayanti Gram Swarozgar Scheme. Through this program, rural families can get bank loans and government incentives to help them get out of poverty. The Swarna Jayanti Gram Swarozgar Scheme’s major purpose is to raise the beneficiaries’ income. This goal will be met by forming self-help groups among the rural poor and providing opportunities for social mobility, training, capacity building, and the construction of organizing assets. A loan will be offered for self-employment under this scheme, with a grant amount applied to the loan. Through this plan, the Government of India will give 75% of the funds, while the State Government will cover 25% of the costs.

Purpose of Swarna Jayanti Gram Swarozgar Scheme

The major goal of this program is to guarantee a significant increase in income within a specified time frame. So that families who are currently living in poverty can be lifted out of it. This program will be successful in increasing the income of the country’s residents. The government would grant a subsidy on loans secured for self-employment through the Swarna Jayanti Gram Swarozgar Scheme. Aside from that, the beneficiaries of this scheme will be provided with the training. This plan will make the country’s population strong and self-sufficient. Aside from that, this strategy would improve the lives of the residents of the country.

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Key Highlights of the Swarna Jayanti Gram Swarozgar Scheme

Name of the scheme: Swarna Jayanti Gram Swarozgar Scheme
Started by: Government of India
Beneficiary: Rural area citizen
Objective: To bring citizens living below the poverty line above the poverty line.
Year: 2022
Official website: sgsy.gov.in

Benefits and Features of Swarna Jayanti Gram Swarozgar Scheme

. Through Swarna Jayanti Gram Swarozgar Scheme, the rural poor will be united to make them eligible to be organized into self-help groups.

. Through this scheme, subsidies on loans and loans will be provided to the beneficiaries.

. Under this scheme, skill development of the beneficiaries will also be done.

. Swarna Jayanti Gram Swarozgar Scheme is administered by the Government of India.

. Through this scheme, efforts will be made to bring the aided rural families above the poverty line by providing viable assets through bank loans and government grants.

. The main goal of the Swarna Jayanti Gram Swarozgar Scheme is to set up a large number of small enterprises in rural areas based on the skill of the beneficiaries and the working capacity of each sector.

. This goal will be achieved by organizing the rural poor into self-help groups by making provision for social mobility, training, capacity building, and the creation of organizing assets.

. A loan will be offered for self-employment under this scheme, with a grant amount applied to the loan.

. 75% of which will be provided by the Government of India and 25% of the expenditure will be borne by the State Government.

. Through this scheme, the families of rural areas will be encouraged to do self-employment so that their income can increase.

Role of NGOs and Banks under the scheme

. Along with the formation of groups, this project will also include capacity building, which will be carried out with the help of NGOs.

. All NGOs, community-based organizations, SHPI Preraks, and other organizations will receive Rs 10000 per group in four payments for the formation and development of support groups.

Selection of activities under Swarna Jayanti Gram Swarozgar Scheme

. Each block can choose from about 10 main activities.

. The main emphasis will be on four to five activities depending on the local resources, occupational skills of the people, and availability of the market.

. The block-level Swarna Jayanti Gram Swarozgar Scheme committee is mainly responsible for the selection of key activities.

. All key activities will be selected in consultation with Banks, Industrial/Technical Organisations, local Khadi and Village Industries employees, and District Industries Centre.

. All the selected activities should be disciplined by the District Panchayat and finally approved by the district level ‘Swarna Jayanti Gram Swarozgar Scheme’ committee.

Types of Financial Assistance under Swarna Jayanti Gram Swarozgar Scheme

Revolving Fund – The maximum amount of revolving funds is Rs 25000, which includes the grant amount of Rs 10000 provided by the government.

Training – A total amount of Rs 5000 will be spent on skill development training.

Infrastructure – Various types of fairs will be organized so that the products made by the self-employed can be distributed.

Loan Subsidy – Under the scheme, there is a provision to provide subsidy at a uniform rate of 30% of the project cost, which will be a maximum of Rs 7500. A subsidy of 50% will be provided in respect of Scheduled Castes, Scheduled Tribes, and Persons with Disabilities subject to a maximum of Rs 10000. In addition, 50% subsidy of the project cost will be provided for Self Help Groups subject to a maximum of Rs 10000 or Rs 100000 (whichever is less) per person.

Swarna Jayanti Gram Swarozgar Scheme Revolving Fund

. Under this scheme, Revolving funds are provided in the form of cash credit limit by the Rural Development Cell of the District Council and banks after getting the eligibility of the first grade.

. The quantum of Revolving funds will be that of the group operator of the Self Help Group. This amount will be a minimum of Rs 5000 and a maximum of Rs 10000.

. The total subsidy can be up to Rs 20000 at times.

. The grant will be provided by the Rural Development Cell of the District Council.

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Swarna Jayanti Gram Swarozgar Scheme Training

. Skill development training will also be provided through this scheme.

. The design, duration, and curriculum of the training shall be determined in such a way as to meet the requirement of the main activities.

. The District Council will meet the expenses incurred by the training institutions for both basic orientation and skill development training from SGSY funds.

. At least 10% of the financial allocation is earmarked for training and skill development of self-employed.

. An amount of Rs 5000 will be spent per learner for the training.

Procedure to apply under Swarna Jayanti Gram Swarozgar Scheme

. First of all, you have to go to the official website of the Swarna Jayanti Gram Swarozgar Scheme.

. Now the home page will open in front of you.

. On the home page, you have to click on the option of Apply.

. After this, a new page will open on your screen.

. You have to enter all the important information on this page.

. Now you have to upload all the important documents.

. After that, you have to click on submit option.

. In this way, you will be able to apply under Swarna Jayanti Swarozgar Scheme.

If you have any doubts about this article or you want that there should be some improvement in it, then you can write comments for this.


Sandeep Shah

This website has been created by Sandeep Shah(MCA Postgraduate). The concept behind this article is to provide the people of this planet with all the knowledge they need in their everyday lives.

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