The 'Swayam' scheme aims to empower the youth of Odisha by providing interest-free loans of up to Rs 1 lakh to young entrepreneurs, fostering self-employment opportunities.
Eligible rural and urban youth aged between 18-35 years are the primary beneficiaries of the scheme, with the goal of facilitating the establishment or expansion of businesses.
The initiative underscores the Odisha government's commitment to fostering economic growth and job creation, as highlighted by Agriculture Minister Ranendra Pratap Swain.
The scheme reflects Chief Minister Naveen Patnaik's vision to uplift rural and urban youth by offering them avenues for economic prosperity, aligning with broader development goals.
The decision to provide interest-free loans signifies the government's acknowledgment of the financial challenges faced by small-scale entrepreneurs and its dedication to addressing them through tangible support measures.
