Back to Schemes
Skills & Employment; Banking,Financial Services and Insurance

Chief Minister's Self Employment Scheme

The "Chief Minister's Self Employment Scheme" was launched by the Department of Personnel, and Reforms, Training, Public Grievances, Government of Sikkim. The scheme aims to provide loan to unemployed youth who belong below the poverty line.

Authority

State/ UT

Region

Sikkim

Status

Verified 2026

Updated

March 2026

What you get

- Loans up to ₹3,00,000/- per individual. | - Loans are interest-free for 2 years, followed by a 6% simple interest rate. | Note: In case of the death of a loan recipient, the co-applicant shall be liable for a refund of the outstanding loan. The co-applicant is liable for a refund of only the principal amount to be paid within a period not exceeding one year.

Who can apply

The applicant should be unemployed.; The applicant's age should be between 22 to 35 years.; The applicant should have passed the 10th class.; The applicant's family annual income should not exceed ₹2,50,000/-.; Only one member per family shall be considered for the benefit, except in the case of Below Poverty Line (BPL) families.

Required Paperwork

  • Aadhaar Card
  • PAN Card
  • Income Certificate
  • Residence Proof (Domicile)

Common Questions

What is the income limit for eligibility under the CMSES?

The gross income of the applicant's parents from all sources should not exceed Rs. 2.50 lakhs annually, as certified by the District Collector.

Who is eligible for the Chief Minister's Self Employment Scheme (CMSES)?

Sikkim Subject Certificate/Certificate of Identification holders and their descendants aged 22 to 35 years, who have passed Class X and are unemployed, are eligible.

How many members of a family can benefit from the CMSES?

Only one member per family is eligible, except for families Below Poverty Line (BPL), where more than one member can benefit.

Are children of government or public sector employees eligible for CMSES?

Yes, children of government or public sector employees are eligible, provided they meet all other eligibility criteria.

What is the maximum loan amount that can be sanctioned under CMSES?

The maximum loan amount that can be sanctioned under the scheme is [?]3.00 lakhs per individual.

Is there any processing fee for the loan application?

Yes, a processing fee of 1% of the sanctioned amount is charged to cover administrative expenses.

What happens in the case of the loanee's death?

In the event of the loanee's death, the co-applicant is liable for refunding the outstanding loan, ideally limited to the principal amount, within a period not exceeding one year.

Which agency is responsible for accepting and disbursing loan applications?

The Sikkim Industrial Development & Investment Corporation (SIDICO) is the prescribed agency for accepting and disbursing loan applications under the scheme.

How often are loans disbursed under CMSES?

Loans under the scheme are disbursed on a quarterly basis after final approval by the government.

What criteria are used to assess loan applications?

Loan applications are assessed based on the genuineness of the request, the candidate's ability to establish and run the project, and their capacity to repay the loan. Preference is given to those with higher/specialized training in the relevant field.

How is the loan amount divided among districts?

The total amount of the loan is proportionately divided among the four districts based on their population percentage.

What follow-up actions does SIDICO undertake after disbursing loans?

SIDICO monitors the performance of the beneficiaries to ensure the self-employment venture is successful and meets the government's objectives.

What is the procedure for recovering loans under the CMSES?

SIDICO prepares a repayment schedule for each individual case and takes necessary steps, including legal action if required, to recover loans in case of chronic and intentional defaults.