Uttarakhand: Chief Minister’s Self-Employment Scheme: 3,848 people received loans worth ₹33.22 crore, distributed online
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Chief Minister Dhami distributed funds online from the Chief Minister’s residence on Wednesday. An amount of Rs 33.22 crore was transferred to 3,848 beneficiaries under the Chief Minister’s Self-Employment Scheme. During this time, the Chief Minister said that the state government is committed to ensuring that the youth of Uttarakhand become job creators, not job seekers.
Migrant workers who returned during COVID-19, young entrepreneurs, artisans, craftspeople, and educated unemployed individuals are the main beneficiaries of this scheme. Under the scheme, loan facilities are being provided to native and permanent residents of the state in the manufacturing, service, and trade sectors through nationalized, cooperative, and regional rural banks. Project costs up to Rs 25 lakh are permissible for manufacturing units and up to Rs 10 lakh for service and trade units. Under the scheme, 15 to 25 percent of the project cost is being provided as margin money subsidy.
Chief Minister’s Self-Employment Scheme Statistics:
• A target of connecting approximately 32,000 beneficiaries under the scheme was set.
• More than 35,000 beneficiaries have benefited from this scheme so far.
• Loans worth more than Rs 1,389 crore have been disbursed under the scheme.
• This has created approximately 64,966 new jobs.
The Chief Minister described it as a game-changer scheme for small traders and for making the state self-reliant. He said that considering the success of the scheme, the Chief Minister’s Self-Employment Scheme 2.0 (MSY 2.0) has been launched from 2025. This integrates the Chief Minister’s Self-Employment Scheme and the Nano Scheme.
In the new system, the subsidy limit has been increased from 15 percent to 30 percent. Additionally, a provision for an extra 5 percent subsidy has been made under the concept of geographical, social, and product boosters. This will make the scheme economically as well as socially empowering. The Chief Minister said that the subsidy has been transferred directly to the beneficiaries’ bank accounts online. This is proof of the government’s transparent, technology-based, and corruption-free working methodology. The Chief Minister’s Self-Employment Scheme is not just a scheme, but a strong foundation for a self-reliant Uttarakhand. During the event, the Chief Minister also interacted with beneficiaries of the Chief Minister’s Self-Employment Scheme. Kamal Singh Partholi from Lohaghat, Champawat, said he took a loan of Rs 10 lakh under this scheme to set up a smart library. Currently, 130 children are studying there. He now plans to establish an e-library as well. Pradeep Agarwal from Udham Singh Nagar said he took a loan of Rs 10 lakh for a vehicle service business. He previously worked as a bicycle repairman.
Jaspal from Uttarkashi said he took a loan of Rs 10 lakh to establish a fitness club. He is now expanding it further. Ayan Mansoori from Pauri Garhwal said he took a loan of Rs 10 lakh for a quilt and mattress manufacturing business. Many people are directly and indirectly associated with this business. This year, his business is expected to reach a turnover of Rs 3 crore. Champa Devi from Bageshwar said she took a loan of Rs 7 lakh for a mobile phone sales and service business. This work has improved her livelihood.
