Dehradun: CM Dhami distributed the funds online from the Chief Minister’s residence on Wednesday. An amount of Rs 33.22 crore was transferred to 3848 beneficiaries under the Chief Minister Self-Employment Scheme. During this time, the CM said that the state government’s resolve is that the youth of Uttarakhand should become job creators, not job seekers.
Migrants who returned during Covid-19, young entrepreneurs, artisans, craftsmen, and educated unemployed are the main beneficiaries of this scheme. Under the scheme, loan facilities are being provided to the original and permanent residents of the state in the manufacturing, service, and trade sectors through nationalized, cooperative, and regional rural banks. Project costs up to ₹25 lakh are permissible for manufacturing units and up to ₹10 lakh for service and trade units. Under the scheme, 15 to 25 percent of the project cost is being provided as margin money subsidy.
Chief Minister Self-Employment Scheme Statistics
- The scheme aimed to connect approximately 32,000 beneficiaries.
- More than 35,000 beneficiaries have benefited from this scheme so far.
- Loans worth more than ₹1,389 crore have been disbursed under the scheme so far.
- This has created approximately 64,966 new jobs.
The CM described it as a game-changer scheme for small traders and for the state’s progress towards self-reliance. He said that considering the success of the scheme, the Chief Minister Self-Employment Scheme 2.0 (MSY 2.0) has been launched from 2025. This integrates the Chief Minister Self-Employment Scheme and the Nano Scheme.
In the new system, the subsidy limit has been increased from 15 percent to 30 percent. Additionally, a provision for an extra 5 percent subsidy has been made under the concept of geographical, social, and product boosters. This will make the scheme economically as well as socially empowering. The CM said that the subsidy has been transferred directly to the beneficiaries’ bank accounts online. This is proof of the government’s transparency, technology-based, and corruption-free working methodology. The Chief Minister Self-Employment Scheme is not just a scheme, but a strong foundation for a self-reliant Uttarakhand.
During this event, the CM also interacted with the beneficiaries of the Chief Minister Self-Employment Scheme. Kamal Singh Partholi from Lohaghat, Champawat, said that he took a loan of ₹10 lakh under this scheme for a smart library. Currently, 130 children are studying there. He will now also build an e-library. Pradeep Agarwal from Udham Singh Nagar said that he took a loan of ₹10 lakh for a vehicle service business. They previously worked in bicycle repair.
Jaspal from Uttarkashi said he took a loan of Rs 10 lakh to set up a fitness club. Now he is expanding it further. Ayan Mansoori from Pauri Garhwal said he took a loan of Rs 10 lakh for his quilt and mattress manufacturing business. Many people are directly and indirectly associated with this business. This year, his business is expected to reach Rs 3 crore. Champa Devi from Bageshwar said she took a loan of Rs 7 lakh for a mobile phone sales and service business. This work has improved her livelihood.
