This scheme aims at generating employment opportunities in rural as well as urban areas of the country through setting up of new self-employment ventures/projects/micro enterprises and prevent migration of rural youth to urban areas.

The applications can be submitted throughout the year.

This grant assists for Employment Generation, Skill Development & Capacity Building of young artisans.

(1) The maximum cost of the project/unit admissible under manufacturing sector is Rs. 25 lakh.

(2) The maximum cost of the project/unit admissible under business/service sector is Rs. 10 lakh.

(3) The balance amount of the total project cost will be provided by Banks as term loan

All the proposals would be routed through the State/UT Government concerned and would require recommendation of the State/UT Government concerned.

The Ministry of Micro, Small and Medium Enterprises, a branch of the Government of India, is the apex body for the formulation and administration of rules, regulations and laws relating to micro, small and medium enterprises in India.