CM’s Self-Employment Scheme: Rs 33.22 crore sent online to accounts of beneficiaries
my uttarakhand news Bureau
Dehradun, 17 Dec: Chief Minister Pushkar Singh Dhami on Wednesday distributed an amount of Rs 33.22 crore to the bank accounts of 3,848 beneficiaries under the Chief Minister’s Self-Employment Scheme through online mode from his official residence, here.
He said that the state government is committed to ensuring that the youth of Uttarakhand become job creators, rather than job seekers. He stated that the Chief Minister’s Self-Employment Scheme is one of the state’s flagship initiatives, which has played a significant role in curbing migration, promoting reverse migration, and generating employment at the local level.
The Chief Minister said that migrants who returned during the COVID-19 period, young entrepreneurs, artisans, handicraftsmen, and educated unemployed youth are the main beneficiaries of this scheme. Under the scheme, loan facilities are being provided to native and permanent residents of the state in the manufacturing, service, and trade sectors through nationalised, cooperative, and regional rural banks. A project cost of up to Rs 25 lakh is permissible for manufacturing units and up to Rs 10 lakh for service and trade units. Under the scheme, margin money assistance (subsidy) ranging from 15 to 25 percent of the project cost is being provided. The scheme had set a target of covering around 32,000 beneficiaries; however, more than 35,000 beneficiaries have already been benefited so far. Loans exceeding Rs 1,389 crore have been disbursed under the scheme, resulting in the creation of approximately 64,966 new jobs.
He added that this proves the scheme is not merely on paper but is being implemented effectively on the ground.
Chief Minister Dhami described it as a “game-changer scheme” for small traders and for the state’s journey towards self-reliance. He said that, in view of the success of the scheme, the Chief Minister’s Self-Employment Scheme 2.0 (MSY 2.0) has been launched from 2025, integrating the MSY and Nano schemes. Under the new framework, the subsidy limit has been increased from 15 percent to up to 30 percent. Additionally, an extra 5 percent subsidy has been provisioned under the concepts of geographical, social, and product boosters, making the scheme economically as well as socially empowering.
Chief Minister said that subsidies have been transferred directly into the beneficiaries’ bank accounts through online mode. This reflects the government’s transparent, technology-driven, and corruption-free working system. He emphasised that the Chief Minister’s Self-Employment Scheme is not just a scheme, but a strong foundation for a self-reliant Uttarakhand. He said the goal is to ensure local enterprises in every district, employment in every village, and work in the hands of every youth. Aligning with Prime Minister Narendra Modi’s vision of Atmanirbhar Bharat, the double-engine government is working towards making Uttarakhand’s youth self-reliant through self-employment.
During the programme, Dhami also interacted with beneficiaries of the scheme. Kamal Singh Partholi from Lohaghat, Champawat, said that he availed a loan of Rs 10 lakh under the scheme to set up a smart library. Currently, 130 children are studying there, and he now plans to establish an e-library as well. Pradeep Agarwal from Udham Singh Nagar said that he took a loan of Rs 10 lakh for a vehicle service business; earlier, he used to work in bicycle repairing. Jaspal from Uttarkashi said that he availed a loan of Rs 10 lakh to establish a fitness club and is now expanding it further. Ayan Mansoori from Pauri Garhwal said that he took a loan of Rs 10 lakh for quilt and mattress manufacturing, through which many people are directly and indirectly associated with this employment. His business turnover this year is estimated at Rs 3 crore. Champa Devi from Bageshwar said that she had taken a loan of Rs 7 lakh for a mobile sales and service business. This has enhanced her livelihood.
On this occasion, Secretary (Industries) Vinay Shankar Pandey, Director General (Industries) and MD, SIDCUL, Dr Saurabh Gaharwar, Deputy Secretary Shiv Shankar Mishra, Additional Director from the Industries Department, Mrityunjay Singh, Joint Director Anupam Dwivedi, Deepak Murari, Deputy Director Mahavir Sajwan, Rajendra Kumar, Abhishek Nainwal and Anurag Gupta were among those present.
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