Empowering The J&K Communities With The Livelihood Generation Scheme: Benefits & Application Process

The Livelihood Generation Scheme is a program by the Jammu & Kashmir government to help young people start their businesses. This government scheme supports unemployed youth by offering financial assistance, making it easier for them to become self-employed.

The Self-Employment Scheme provides up to ₹80,000 or 10% of the vehicle's on-road price, whichever is lower, as a subsidy from Mission Youth. Additionally, an equal matching subsidy is provided by the vehicle manufacturer. This financial support helps young people in Jammu & Kashmir buy small commercial vehicles and start their businesses. Let’s take a look at how to apply for the Mumkin Scheme.

About The Scheme

Mumkin Scheme is very important in helping young people in Jammu & Kashmir to engage in self-employment within transportation. With subsidies and providing the necessary assistance in obtaining bank credit, the government scheme eliminates the main types of financial restrictions, allowing young businessmen to enter small commercial vehicle purchases. Such support assists young beneficiaries to have increased earnings for sustainable living alongside enhancing the flow of business in transportation thereby the economy.

Features

The govt scheme provides dual subsidies from Mission Youth and vehicle manufacturers, along with bank loan facilitation for ease of financing. The Mumkin Scheme possess the following characteristics;

• Credit for the acquisition of near and used commercial vehicles.

• Financial help from both Mission Youth and vehicle manufacturing companies.

• Bank loan facilitation so that they do not face much difficulty in getting finance.

• Can contribute towards the development of self-employment and entrepreneurship among youth of Jammu & Kashmir.

Application Process

Individuals who meet the eligibility criteria to apply for the Livelihood Generation Scheme can follow these steps to apply.

Registration Process

Applicants can follow these steps to register for the government scheme.

Step 1: Get the registration form.

Step 2: Provide the required details like citizen registration, last resided or current address, permanent address, additional details, and login information.

Step 3: Submit the registration form.

Application Process

After registration, applicants can follow these steps to apply for the govt scheme.

Step 1: Login on the official website.

Step 2: Click on e-services and select the Finance or Mission Youth option.

Step 3: Get the application form.

Step 4: Fill out the application form and provide vehicle details.

Step 5: Upload the required documents.

Step 6: Submit the application form.

Conclusion

The Livelihood Generation Scheme is a great opportunity for individuals who want to start their business but don’t have the finances to do it. This will help them kick-start their career and improve their livelihood. With the implementation of this Sarkari Yojana, it will also help improve the financial condition of Jammu & Kashmir.

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