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Sikkimbusiness-entrepreneurship

Skilled Youth Startup Scheme

Sikkim Skilled Youth Startup Scheme was launched in 2020 and is implemented by the Department of Commerce & Industries which aims at assisting the educated unemployed youth in setting up a myriad of enterprises through loans with back-ended financial subsidy assistance.

Ministry / Department
Commerce & Industries Department
Level
State
Benefit type
cash
Last verified: Recently

What is Skilled Youth Startup Scheme?

Sikkim Skilled Youth Startup Scheme was launched in 2020 and is implemented by the Department of Commerce & Industries which aims at assisting the educated unemployed youth in setting up a myriad of enterprises through loans with back-ended financial subsidy assistance.

Benefit
1. Financial support through bank loans with back-ended subsidy of 35% or 50%. 1. Maximum admissible project cost varies by category, up to ₹20 lakhs. 1. Mandatory Entrepreneur Development Training (3 days) provided before loan disbursement. 1. Preference for Persons with Disabilities (PwDs) with 50% subsidy eligibility. 1. Support for a wide range of sectors including: - Dairy, poultry, piggery, food processing. - Wood and bamboo crafts. - Homestays and tourism. - IT services, tailoring, coaching centers. - Automobile workshops and diagnostic centers. <br> > **Activities covered and maximum project cost:** **S. No.****Category****Maximum Project cost Admissibl**e1Animal Husbandry, Agriculture &amp;amp;amp; Allied activities-Dairy, Poultry and PiggeryDairy:5 lakhs, Poultry:3 lakhs, Piggery:5 lakhs2Organic Farming - Green house 3 lakhs3Food Processing and other manufacturing sectors10 lakhs4Wood Handicraft &amp;amp;amp; Cottage Industries 10 lakhs5Metal Fabrication works 10 lakhs6Tourism -Paragliding, Mountain cycling, etc.10 lakhs7Rural Homestays 15 lakhs 8 IT &amp;amp;amp; IT enabled services10 lakhs8IT &amp;amp;amp; IT enabled services10 lakhs9Cutting and tailoring for Cooperative registered societies20 lakhs10Bakery &amp;amp;amp; Restaurants **15 lakhs11Beauty Parlours/Boutique/Grocery/Manihari &amp;amp;amp; other Retail shops 10 lakhs10 lakhs12Coaching Institute/Training Centre5 lakhs13Herbal Products Industry including Nurseries 10 lakhs10 lakhs14Paper bags/Paper plates
Level
State — Sikkim
Ministry / Dept.
Commerce & Industries Department
Benefit type
cash
Key eligibility
1. Applicant must possess a Certificate of Identification (COI) or Sikkim Subject Certificate / Residential Certificate (for urban areas). 1. Applicant must be unemployed and have completed at least Class V from a recognized school. 1. For technical, manufacturing, or service-based projects, the app
Last verified
Recently

Benefits

1. Financial support through bank loans with back-ended subsidy of 35% or 50%. 1. Maximum admissible project cost varies by category, up to ₹20 lakhs. 1. Mandatory Entrepreneur Development Training (3 days) provided before loan disbursement. 1. Preference for Persons with Disabilities (PwDs) with 50% subsidy eligibility. 1. Support for a wide range of sectors including: - Dairy, poultry, piggery, food processing. - Wood and bamboo crafts. - Homestays and tourism. - IT services, tailoring, coaching centers. - Automobile workshops and diagnostic centers. <br> > **Activities covered and maximum project cost:** **S. No.****Category****Maximum Project cost Admissibl**e1Animal Husbandry, Agriculture &amp;amp;amp; Allied activities-Dairy, Poultry and PiggeryDairy:5 lakhs, Poultry:3 lakhs, Piggery:5 lakhs2Organic Farming - Green house 3 lakhs3Food Processing and other manufacturing sectors10 lakhs4Wood Handicraft &amp;amp;amp; Cottage Industries 10 lakhs5Metal Fabrication works 10 lakhs6Tourism -Paragliding, Mountain cycling, etc.10 lakhs7Rural Homestays 15 lakhs 8 IT &amp;amp;amp; IT enabled services10 lakhs8IT &amp;amp;amp; IT enabled services10 lakhs9Cutting and tailoring for Cooperative registered societies20 lakhs10Bakery &amp;amp;amp; Restaurants **15 lakhs11Beauty Parlours/Boutique/Grocery/Manihari &amp;amp;amp; other Retail shops 10 lakhs10 lakhs12Coaching Institute/Training Centre5 lakhs13Herbal Products Industry including Nurseries 10 lakhs10 lakhs14Paper bags/Paper plates

Eligibility

1. Applicant must possess a Certificate of Identification (COI) or Sikkim Subject Certificate / Residential Certificate (for urban areas). 1. Applicant must be unemployed and have completed at least Class V from a recognized school. 1. For technical, manufacturing, or service-based projects, the appArea: SikkimBenefit: cash

Documents Required

    How to Apply

    1. Step 1: Offline application — step 1

      Submit the prescribed application form ( Annexure-I ) along with the Detailed Project Report (DPR) and required documents to: General Manager, District Industries Centre (DIC) at Gangtok or Jorethang. Application is reviewed by a Selection Committee comprising departmental and bank representatives. Post-approval, the project is forwarded to banks for loan sanctioning. Training completion is mandatory before disbursement. Repayment of Loan: Repayment of the loan amount along with interest obtained from the bank shall be the sole responsibility of the applicant as per the terms and conditions of the bank. If the beneficiary wants to close the loan account before the completion of the loan period, he can do so with the approval of the Commerce & Industries Department. If the beneficiary wants to close after one year, they are free to do for agriculture & allied activities, and for other projects, the lock-in is 3 years. Note: Exaggeration in the cost of the project with a view only to availing a higher amount of subsidy shall not be considered for approval by the Committee.

    Sources & References

    Ready to apply?

    Applications are accepted only on the official government portal.

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