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Business & EntrepreneurshipState Level

Rise Together

Mission Youth, J&K has rolled out a specially designed community-oriented livelihood generation scheme for the youth of J&K under the name of ‘Rise Together.

Authority

State

Region

Jammu and Kashmir

Status

Active / Open

Updated

Recently Verified

What are the Benefits?

- Financial assistance to the extent of ₹ 20.00 lakh comprising of an upfront subsidy component provided by Mission Youth (Minimum of ₹2.5 lakh or 10% of project cost) and a Loan provided by the Bank (70% of the project cost to the extent of ₹ 17.50 lakh). | - The balance cost of the project, not less than 20% of the project cost, shall be self-financed/ self-arranged by the beneficiary youth group as Margin Money for availing the Financial Assistance under the scheme. | - The special subsidy so provided towards Repayment under the scheme shall be limited to an aggregate of ₹ 5.0 lakh per case;

Who is Eligible?

Any domicile of J&K is essentially registered with Mission Youth, J&K.; Only the Youth Groups with minimum 3 youth members shall be eligible for Financial Assistance under the scheme;; The financial assistance would be given only to Youth Groups with all its members aged 18 to 35 years having a minimum qualification of 12th standard. Provided that CEO Mission Youth shall be competent to relax the educational qualification criteria for deserving candidates on a case to case basis, based on proper justification.; Preference will be given to youth registered as Self-Help Groups/ Registered Society/ Registered Trust.; None of the group members shall have availed benefit under any Self-Employment or similar schemes of the Government.; Character Antecedents of all members of the group should be certified by the Police.; The applicants should not be defaulter to any Bank/ Financial Institution.; Loan facility availed by the beneficiaries under Govt. sponsored scheme are not eligible.; The beneficiary must be unemployed. To be certified by competent authority.

Required Documents

Aadhaar Card
PAN Card
Income Certificate
Residence Proof (Domicile)

Common Questions

What is the purpose of this scheme?

The programme focuses on introducing and developing community-oriented entrepreneurship in J&K.

Who is eligible for rise together scheme?

Any domicile of J&K, essentially registered with Mission Youth, J&K. | Only the Youth Groups with minimum 3 youth members shall be eligible for Financial Assistance under the scheme.

What is the objective of the Scheme?

To develop Community Oriented Entrepreneurship in J&K. | To introduce new concept of 'Rise Together' based on integrated & projectivized growth model.

What are the activities covered under the scheme?

Any activity necessarily/ reassuring promotion of self-reliance & inclusive social development.

What is the Eligibility for applying for this scheme?

Any domicile of J&K, essentially registered with Mission Youth, J&K. | Only the Youth Groups with minimum 3 youth members shall be eligible for Financial Assistance under the scheme, 18 to 35 years Page 5 of 12 having a minimum qualification of 12th standard

What is the Funding Pattern of the scheme?

Under the scheme, the eligible Youth Groups shall be facilitated to avail a financial assistance to the extent of [?] 20.00 lakh including upfront subsidy component provided by Mission Youth under the programme | The financial assistance under the programme shall be given to the extent of 80% of the project cost based on the project plan and estimates submitted subject to maximum of [?]20.0 lakh.

What is the minimum age to apply under this scheme ?

The minimum age is 18.

What is the maximum age to apply this scheme

The Maximum Age Is 35.

Can Other State person apply for this scheme ?

No.

What is the Minimum educational qualification required for this scheme ?

Minimum qualification should be 10+2.