Tejaswini-the Radiant
A scheme to provide financial assistance to the young women for setting up gainful self-employment ventures, suited to their skills, training, aptitude and local conditions.
- Ministry / Department
- Department of Finance
- Level
- State
- Benefit type
- cash
Tejaswini-the Radiant क्या है?
A scheme to provide financial assistance to the young women for setting up gainful self-employment ventures, suited to their skills, training, aptitude and local conditions.
- लाभ
- A financial assistance of Rs. 5 lakh under Mudra loan from J&K Bank Re-payment of Financial Assistance provided under this scheme shall be interest free. Mission Youth, J&K shall provide an amount of Rs. 50,000 or 10% of project cost (Whichever is minimum) as special incentive (subsidy) towards the loan which shall be adjusted towards monthly installments of the loan for first six months. Interest subsidy up to Rs 0.60 lakh per beneficiary shall be provided by Mission Youth, J&K. The interest subsidy, however, shall be provided only on production of necessary documents (including Bank statement/ Income Tax statement/ certificate by DLIC) testifying the sustainability of the activity.
- स्तर
- State — Jammu and Kashmir
- मंत्रालय / विभाग
- Department of Finance
- लाभ का प्रकार
- cash
- मुख्य पात्रता
- - Any female domicile of J&K, essentially registered with Mission Youth, J&K. - Any individual women/ women entrepreneur (s)/ enterprise where women entrepreneurs hold not less than 50% of financial holding. - Preference will be given to the categories of women entrepreneurs trained in Rural Self Em
- अंतिम सत्यापन
- Recently
Benefits
A financial assistance of Rs. 5 lakh under Mudra loan from J&K Bank Re-payment of Financial Assistance provided under this scheme shall be interest free. Mission Youth, J&K shall provide an amount of Rs. 50,000 or 10% of project cost (Whichever is minimum) as special incentive (subsidy) towards the loan which shall be adjusted towards monthly installments of the loan for first six months. Interest subsidy up to Rs 0.60 lakh per beneficiary shall be provided by Mission Youth, J&K. The interest subsidy, however, shall be provided only on production of necessary documents (including Bank statement/ Income Tax statement/ certificate by DLIC) testifying the sustainability of the activity.
Eligibility
Documents Required
How to Apply
Step 1: Online application — step 1
Visit the URL of Mission Youth Portal https://missionyouthjk.in/
Step 2: Online application — step 3
Select “Scheme”.
Step 3: Online application — step 5
Select “Tejaswani - The Radiant” and click on “Apply Now”.
Step 4: Online application — step 7
An online form opens up. Fill the basic details and upload the required documents as required.
Step 5: Online application — step 9
The applications received at district level shall be placed before the committee.
Step 6: Online application — step 11
The District Level Committee shall finalize the list of eligible applicants after due scrutiny and select the candidates equivalent to the quota allotted to the district (No. of cases to be sanctioned) by Mission Youth for a particular financial year.
Step 7: Online application — step 13
After receipt of consolidated lists of applicants from Districts Mission Youth, J&K shall accord formal sanction to the cases along with release of requisite subsidy.
Step 8: Online application — step 15
The District Lead Bank Officer shall ensure processing and disbursement of loan amount within 15 Days after the approval granted by DLIC.
Step 9: Online application — step 17
The youth selected for financial assistance under the scheme shall furnish an indemnity bond duly attested by a First Class Judicial Magistrate to the following effect:-
Step 10: Online application — step 18
That she is not doing or was not doing any job in Government, Public/Private Sector in Central or any State Government and that she shall not take up any such job without repayment of the loan in full;
Step 11: Online application — step 19
That she has not already availed any financial assistance for self-employment under any Government scheme.
Step 12: Online application — step 21
In the eventuality of default on part of beneficiary towards repayment of loan sanctioned under the scheme, the Bank shall recover the balance amount as per their existing procedure and shall ensure that the contribution of Mission Youth is refunded back to the Mission Youth on proportionate basis.
Step 13: Online application — step 23
In case it is found that the beneficiary has deviated from the indented purpose, Mission Youth, J&K may also initiate legal proceedings against such a person under relevant provisions of law.
Step 14: Online application — step 25
The selected youth shall furnish an indemnity bond duly attested by a First Class Judicial Magistrate to the following effect:-
Step 15: Online application — step 26
That she shall establish the sanctioned unit within the period specified in the DPR submitted by her;
Step 16: Online application — step 27
That she shall incur the sanctioned amount only for the purpose of establishing the said unit;
Step 17: Online application — step 28
That she is not doing or was not doing any job in Government, Public/Private Sector in Central or any State Government and that he shall not take up any such job without repayment of assistance provided under the scheme;
Step 18: Online application — step 29
In case it is found that the assistance given has not been utilized by the beneficiary for the indented purposes, Mission Youth may initiate legal proceedings against such a person under relevant provisions of law.
Step 19: Online application — step 30
That she has not already availed any financial assistance for self employment under any Government scheme.
Step 20: Online application — step 32
At the end of each financial year, the beneficiary will have to submit a copy of GST statement/ bank statement/ / Accounts statement duly certified by a Chartered Accountant for the last quarter as proof of actual operation of the business unit.
Step 21: Online application — step 34
In case, the beneficiary fails to submit such documents, the interest subsidy shall not be released. Besides, Mission Youth may initiate legal proceedings against such a person under relevant provisions of law.
Sources & References
- Official scheme website ↗
- Source record ↗
- Information is summarised from official government sources. Verify all details on the official website before applying.
Ready to apply?
Applications are accepted only on the official government portal.
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