Mukhyamantri Sva Niyojan Yojana 2024: Benefits, Eligibility Criteria & Registration

In an ambitious move to fuel economic development and support entrepreneurship, the Assam government introduced the Mukhyamantri Sva Niyojan Yojana (MSNY) in 2023. This program is designed to provide financial backing to entrepreneurs who aspire to start or expand their businesses, with the ultimate goal of fostering job creation and economic stability within the state.

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Assam Mukhyamantri Sva Niyojan Yojana 2024

The Mukhyamantri Sva Niyojan Yojana, launched by the Chief Minister, focuses on nurturing the state’s entrepreneurial spirit by offering substantial financial assistance. The aim is to equip local entrepreneurs with the resources needed to establish or grow their businesses effectively.

Aspect	Details
Name of the scheme	Assam Mukhyamantri Sva Niyojan Yojana
Launched by	Assam government
Launched in	2023
Objective	To provide financial support to entrepreneurs to start their ventures
Mode of Application	Online
Beneficiaries	Entrepreneurs within Assam
Financial Benefit	Rs. 2 lakh
State	Assam

Mukhyamantri Sva Niyojan Yojana Details in Highlights

This scheme embodies the government’s commitment to boosting the state’s economic landscape by supporting small businesses through financial aid and guidance.

• Objective: Enhance the business capabilities of local entrepreneurs.
• Financial Support: Up to Rs. 2 lakh per entrepreneur.
• Target: Approximately 1 lakh businesses.

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Objectives of Assam Mukhyamantri Sva Niyojan Yojana

The MSNY is not just a financial aid package; it’s a strategic initiative aimed at transforming the economic fabric of Assam by empowering its youth and encouraging small-scale entrepreneurship.

• Encourage Assamese youth to take up self-employment.
• Foster job creation within the state.
• Promote the growth of small businesses.
• Strengthen the state’s economy.

Features of Mukhyamantri Sva Niyojan Yojana

The features of the MSNY are designed to create a supportive environment for entrepreneurs, which in turn is expected to lead to sustainable economic growth and job creation.

• Financial support for launching and expanding businesses.
• Incentives for entrepreneurs to develop their business ideas.
• Improvement in the standard of living of beneficiaries.

Benefits of Mukhyamantri Sva Niyojan Yojana

The MSNY participants benefit from financial assistance and an entrepreneurial ecosystem that fosters business growth and development.

• Financial aid of up to Rs. 2 lakh.
• Opportunity to establish and expand small businesses.
• Enhanced economic status and standard of living.

Documents Required

Applying for the MSNY requires potential beneficiaries to furnish several important documents to verify their eligibility and business intent.

• Aadhaar card
• PAN card
• Domicile certificate
• Age proof certificate
• Educational qualification certificate
• Unemployment certificate (if applicable)
• Project proposal

Eligibility Criteria for Mukhyamantri Sva Niyojan Yojana

The eligibility criteria are designed to ensure that the financial aid reaches the most deserving candidates who are committed to contributing to the state’s economy.

• Residence in Assam.
• Age between 18 to 45.
• Limited or no prior work experience.
• A viable small business idea.

Assam Mukhyamantri Sva Niyojan Yojana Online Registration

The online registration process is streamlined to make it easy for entrepreneurs across the state to apply for the scheme from the comfort of their homes.

1. Visit the official Mukhyamantri Swa Niyojan Yojana website.
2. Click on the “Register” option on the homepage.
3. Provide the necessary personal information and upload required documents.
4. Submit the application.

Selection Process

The selection process for the MSNY is meticulously crafted to ensure that the funds are allocated to the most viable projects that can contribute significantly to the state’s economy.

• Evaluation based on the feasibility of the project proposal.
• Consideration of the applicant’s educational background and work experience.
• Assessment of the applicant’s social and economic background.

Through the Mukhyamantri Sva Niyojan Yojana, Assam aims to cultivate a robust entrepreneurial culture that can drive economic growth and create sustainable employment opportunities across the state