Ranchi, Jharkhand | February | 25, 2022 ::
? Chief Minister’s Employment Generation Scheme is helping the youth of Jharkhand to become self employed
?This Scheme is developing into a source of livelihood for youth belonging from Scheduled Castes, Scheduled Tribes, Backward Classes, Minorities and Divyang
?Till date 2,551 youth have taken benefit of the scheme
Ranchi
The availability of loans under Chief Minister’s Employment Generation Scheme is developing into a source of livelihood for youth belonging from Scheduled Tribes, Scheduled Castes, Minorities and Backward Classes & Divyang. With the aim of providing employment to a large number of migrants who returned during the Corona transition period, the decision of Chief Minister Hemant Soren to amend the loan-cum-grant scheme has paved the way for the youth to adopt self-employment. In the financial year 2021-22, 1654 youth got the benefit of the scheme and became self-reliant by adopting self-employment.
ST youth benefited the most
The youth of Scheduled Tribes have taken the maximum benefit of the Chief Minister Employment Generation Scheme. If we look at the figures of the divisional branch, 372 in Ranchi branch, 79 in Hazaribagh branch, 324 in Dumka branch, 146 in Chaibasa branch and 23 in Daltonganj branch were covered by the scheme. 648 youths belonging to Scheduled Castes, 657 to Backward Classes, 249 to Minorities and 53 Divyang youths have benefitted from the scheme. Under this, Rs 22 crore 19 lakh 47 thousand 271 has been given as loan to the youth of scheduled tribes, Rs 42 crore 54 lakh eight thousand 377 as loan to the youth of scheduled castes, Rs 11 crore 38 lakh 89 thousand 928 to the backward class. A loan of Rs. 5 crore 28 lakh 46 thousand 784 was made available for self-employment amongst the minorities and Rs.56 lakh 43 thousand 422 among the differently-abled youth.
Most of the youth took advantage
Under the scheme, 143 youths of Scheduled Tribes of Dumka, 134 of Simdega, 133 of Ranchi, 118 of West Singhbhum took advantage of the scheme. 228 Scheduled Castes residing in Palamu, 112 of Hazaribagh amongst Backward Classes, 43 of Minorities in Ranchi and 13 of Ranchi’s Divyang youth went ahead and covered the scheme.
Youth should come ahead and take benefit of this scheme
The process of covering the youth of rural and urban areas under the Chief Minister’s Employment Generation Scheme has been started. Jharkhand State Tribal Cooperative Corporation, Jharkhand State Scheduled Caste Cooperative Development Corporation, Jharkhand State Backward Classes Finance and Development Corporation and Jharkhand State Minorities Finance and Development for entrepreneurship development and to connect Scheduled Tribes, Scheduled Castes, Minorities, Backward Classes and Divyang youth with employment and entrepreneurship development. The process of taking loans from the corporation has been made flexible. Such youth are also getting more grants. The facility of credit is being provided only for the development of economic activities. As a result of the amendment in the loan cum grant amount, now 40% grant amount is being received for self-employment. Earlier, this amount was 25% with a maximum of Rs 2.5 lakh. After the amendment, the youth are getting a 40% grant or up to a maximum amount of Rs 5 lakh. In this way, the scheme is providing self-employment with means like trading, manufacturing and vehicles to the youth of Jharkhand and they are moving towards discharging their role in the development of the state.
