DDUSY, Self-Employment scheme launched in Arunachal Pradesh

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With an aim of creating self-employment opportunities in the State, the Arunachal Pradesh government today launched the ambitious Deen Dayal Upadhay Sawalamban Yojana (DDUSY). The loan amount ranging from Rs. 10 lakh to Rs. 1 crore will be given by bank and government as capital subsidy of 30%, which will be disbursed to banks through NABARD. It will give the much required financial boost to the Arunachal Pradesh’s small and nano entrepreneurs in sectors like agriculture, horticulture, dairy development, fishery, textile and handicrafts and eco tourism.

“As the government job sector is already saturated, we have to explore self-employment avenues to help the educated unemployed youths to become self-empowered. The plan will give the impetus in this direction,” Arunachal Pradesh Chief Minister Pema Khandu said while launching the plan here.

One of the CM’s flagship programs, DDUSY, has been updated at the http://itanagar.nic.in/scheme.html. ‘The government of Arunachal Pradesh launch the Deen Dayal Swavalamban Yojana to encourage unemployed youth to gain to low cost capital for entrepreneurship.’

‘Women entrepreneurs will be furthermore eligible for 5% interest subsidy every year gave the entrepreneurs does not become Non-Performing Asset (NPA),’ reads the notification released on the web.

Khandu said the plan would be implemented in all the districts through respective deputy commissioners and the government would increase the subsidy amount in due course of time and incorporate different sectors in it.

In order to supplement the DDUSY scheme the chief minister likewise inaugurated the Facebook’s across the nation ‘Boost Your Business’ programme.

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