Unemployed Youth in West Bengal: Get USKP Loan To Start Your Business
Updated: 28-01-2025 at 6:27 AM
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The unemployment rate in West Bengal keeps fluctuating every now and then. As of January 2023, statistics show that the Unemployment Rate of West Bengal was around 5.5%, lower than the National Unemployment Rate of 8.3%.
The government aims to reduce the unemployment rate even further with the help of Udiyaman Swanirbhar Karmasansthan Prakalpa. It helps the unemployed youth with employment exchanges by providing subsidised credit from commercial banks.
What Is Udiyaman Swanirbhar Karmasanthan Prakalpa?
The West Bengal government introduced USKP 2008 to help empower the unemployed youth of the state. USKP loan stands for Udiyaman Swanirbhar Karmasansthan Prakalpa, it is also known as Udiyaman Swanirbhar Karmasansfhan Joutha Prakalpa (USKJP).
The main objective of this govt scheme is to assist the registered unemployed youth to take up economically viable projects by providing them with loan subsidies from the West Bengal state government. It aims to make credit and loan borrowing easier from financial institutions for the unemployed youth.
What Is The Maximum Limit Of Loan Available Under USKP?
To know the maximum loan availability under this USKP loan, read the following.
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An individual can get a maximum loan amount of Rs. 50,000 including the subsidy from the state government.
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The margin subsidy is 25% per person, which is a maximum of Rs. 12,500.
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Beneficiaries of the same trade can form clusters for joint activities under this govt scheme. The cooperative society is termed Udiyaman Swanirbhar Karmasansthan Joutha Prakalpa (USKJP).
What Is the Eligibility Criteria To Apply For Udiyaman Swanirbhar Karmasanthan Prakalpa?
The USKP loan eligibility for registered unemployed youth who are under the following terms will be eligible to apply for the govt scheme.
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Candidates between the ages of 18 to 45 years. The upper age limit is relaxable by 5 years for physically handicapped SC/ST/OBC individuals.
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The applicant has “fully paid” any loan taken from any financial institution or central or state government.
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Must be registered at a West Bengal Employment Exchange for over a year.
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Must not availed benefits of the Self Employment Scheme for the Registered Unemployed (SESRU) in West Bengal.
Application Process Of Udiyaman Swanirbhar Karmasanthan Prakalpa
Applicants can follow the steps mentioned below to get the USKP loan apply online process.
Step 1: Click here to download the application form for USKP.
Step 2: Fill out the form.
Step 3: Attach necessary documents.
Step 4: Submit the form to the local Employment Exchange.
Conclusion
The USKP loan is a great govt scheme initiative taken up by the West Bengal state government to eradicate unemployment. The unemployment scheme in West Bengal has helped and benefited approximately 10,000 unemployed youth through subsidised loans, assisting them in undertaking economically feasible projects.
For more information related to the USKP loan, visit the official website. Call 1800-103-0009 for any queries.
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