The Yuva Sahakar-Cooperative Enterprise Support and Innovation Scheme (Yuva Sahakar) is a government scheme launched in 2018 to promote youth entrepreneurship in the cooperative sector. The scheme aims to provide financial assistance and support to young people who want to start or run a cooperative enterprise.
The Yuva Sahakar scheme is implemented by the National Cooperative Development Corporation (NCDC). The scheme is open to all young people who are between the ages of 18 and 35 years and who have a minimum educational qualification of 10+2.
Under the Yuva Sahakar scheme, the government provides financial assistance of up to Rs. 3 crore for a cooperative enterprise. The interest rate on the loan is 2% less than the prevailing rate for term loans. The loan can be used for a variety of purposes, including:
- Setting up a new cooperative enterprise
- Expanding an existing cooperative enterprise
- Modernizing a cooperative enterprise
- Acquiring land and building for a cooperative enterprise
The Yuva Sahakar scheme also provides other support to young entrepreneurs, such as:
- Training and capacity building
- Mentorship and guidance
- Networking opportunities
- Access to government schemes and programs
The Yuva Sahakar scheme is a major step forward in the government’s efforts to promote youth entrepreneurship in the cooperative sector. The scheme can potentially create new jobs and opportunities for young people in rural areas.
Here are some of the key features of the Yuva Sahakar scheme:
- It is a government scheme that provides financial assistance and other support to young people who want to start or run a cooperative enterprise.
- It is open to all young people who are between the ages of 18 and 35 years and who have a minimum educational qualification of 10+2.
- The government provides financial assistance of up to Rs. 3 crore for a cooperative enterprise.
- The interest rate on the loan is 2% less than the prevailing rate for term loans.
- The loan can be used for a variety of purposes, such as:
- Setting up a new cooperative enterprise
- Expanding an existing cooperative enterprise
- Modernizing a cooperative enterprise
- Acquiring land and building for a cooperative enterprise
- The Yuva Sahakar scheme also provides other support to young entrepreneurs, such as:
- Training and capacity building
- Mentorship and guidance
- Networking opportunities
- Access to government schemes and programs
The Yuva Sahakar scheme is a great opportunity for young people who want to start or run a cooperative enterprise. The scheme provides financial assistance, training, and other support that can help young entrepreneurs succeed.