Punjabi Yaari Enterprises Scheme with 30% Subsidy on 5 Lakh Startup Investment

By | June 23, 2017

Punjabi Yaari Enterprises Scheme with 30% Subsidy on 5 Lakh Startup Investment. New scheme started in state of Punjab. About the Yaari Enterprise scheme : key features of the schemes : eligibility criteria for the scheme.

In the manifesto of Congress party held before the election, they promised to launch a new scheme in the state of Punjab for the employment purpose. So as the formation of the congress government has been done in the state of Punjab. Now they are putting up all their efforts to fulfill the promises made by them. For the employment purpose the state government of Punjab has made up their promise. As they are starting a new scheme named as the Yaari Enterprise scheme. Read this posts completely to understand what captain government do for Youth.

Punjabi Yaari Enterprises Scheme

The Yaari Enterprise scheme has been launched for the employment generation in Punjab, as announced in the poll manifesto. This is a scheme under which a small enterprise can be promoted by 2 or more people. A good rate of subsidy will also be provided under this scheme. In simple language we can say that under this scheme the youth can get employed by setting up their own small enterprise. This scheme is mainly for the under developed and unemployed youth of urban area. Under the Yaari Enterprise scheme a subsidy of 30% will be given for an investment amount of Rs. 5 lakh. The state government of Punjab said that in the coming 5 years, every year about 1 lakh new enterprises will be opened under this scheme.

Punjabi Yaari Enterprises Scheme

Punjabi Yaari Enterprises Scheme

By the help of this scheme the unemployed urban poor will get a help to start up their small enterprise related to manufacturing, servicing or any type of business for which their is a local demand.

The Main key features of Punjabi Yaari Enterprises Scheme

The most important feature of Yaari Enterprise scheme is that it will generate employment for the unemployed youth of Punjab state.

Every year 1 lakh enterprises will be opened for the next 5 year.

Small enterprise can be started for servicing, manufacturing and any business demanded by the local public.

The Self Help Groups (SHG) will also be helped by the state government under this scheme. As the urban poor can than make an easy access to the bank credits and can also avail a subsidy interest rate on a loan.

The candidates belonging to SC and ST category will also be supported as per their proportion and strength in the cities or the towns.

Yaari Enterprises SchemeĀ 

Such type of numerous benefits can be taken from this scheme. The youth members of Punjab state get a chance to celebrate as now they have an opportunity to start up their own business. But to start up this small enterprise under this scheme the candidates must read the eligibility criteria.

The criteria to apply for “Punjabi Yaari Enterprises Scheme” is here under

  • The candidate applying must be of minimum 18 years of age at the time of applying for the loan.
  • The group of the enterprise should have minimum 5 members with a minimum of 70 % members of urban poor families.
  • The maximum unit cost for a group enterprise is Rs. 10 lakh.
  • Not only the single member but all the members of the enterprise must have attained the age of 18 years.
  • One of the Other Scheme Apni Gaddi Apna Rozgar Scheme is in process for youth.

The professionals of Urban Local Body (ULB) and Community Organizers will then identify the prospective beneficiaries among the urban poor. The banks can also identify the beneficiaries at their end and can send the cases to the ULB. Moreover the person can also directly approach to the ULB for the assistance. ‘Punjabi Yaari Enterprises Scheme‘ must have brought up a smile on many faces in Punjab. For more details and updates stay connected to the site of Punjab state government.