Programme

Skilled Youth Start-Up Scheme

A programme by Commerce and Industries Department, Government of Sikkim

Bank-loan-linked subsidy for unemployed young people of Sikkim starting a business; the subsidy is a loan subsidy, not a grant.

At a glance

Best forUnemployed young people of Sikkim starting a small business with a bank loan

About Skilled Youth Start-Up Scheme

The Skilled Youth Start-Up Scheme has run since 15 August 2020, and the Commerce and Industries Department is its nodal agency. The guidelines on the department's site are the 2020 version, and the site does not say whether it is taking applications now.

What you get

  • A back-ended subsidy from the state on a bank loan for a viable business project. It is a subsidy on a loan you repay, not a grant

Who can apply

  • Unemployed people who hold a Certificate of Identification, their own or their father's
  • Age, education, family income and training conditions apply, set out in the guidelines

How selection works: A committee chaired by the District Industries Centre General Manager vets proposals, and the bank then sanctions the loan.

How to apply: Send a hard-copy application with a detailed project report and the other documents to the General Manager, District Industries Centre, at Gangtok for the East and North districts or at Jorethang for the South and West. Ask the centre whether the scheme is open before you prepare one.

Where to apply

Other Commerce and Industries Department, Government of Sikkim programmes

Everything about Commerce and Industries Department, Government of Sikkim