At present, west bengal is facing a serious problem that is unemployment and underemployment between educated youth generation. It’s mainly because of lack of expansion of industry and huge number of fresh graduate passing out every year. West bengal Government has decided to encourage entrepreneurship to solve this problem. They are providing subsidized loan under ‘SWAMI VIVEKANANDA KARMASANSTHAN PRAKALPA’ in short “SVSKP” for doing business and to encourage unemployed youth to become entrepreneur.
|Swami Vivekananda Karmasansthan Prakalpa is a scheme to generate self-employment in the urban & rural areas of the state through promotion of tiny scale units of production, manufacturing, trade, service or any other sector including agro-based industries, floriculture, horticulture, animal husbandry other than direct agriculture.
There are two schemes under SVSKP1) Atma Maryada – For individual entrepreneur.2) Atma Samman – for group entrepreneur.
The scheme came into effect from the financial year 2000-01. it has been extended to rural areas from 2006-07.
|* Nos. of Schemes in Operation||136509||Nos.|
|* Total Project Cost||2918||Crores|
|* Govt. Subsidy||667||Crores|
|* Bank Loan||959||Crores|
|* Entrepreneur’s Contribution||292||Crores|
|* Loan amount Recovered||611||Crores|
|* Nos. of cases fully recovered||10820||Nos.|
|* Nos. of employment generated||341273||Heads|
Subject to fulfillment of all other conditions.
i) a) The State Government shall provide a subsidy/grant of 30% of the project cost, subject to a maximum of Rs.1,50,000/-( Rupees One lakh Fifty thousand) only in case of individual schemes (Atma Maryada) and a maximum of Rs.3,50,000.00 (Rupees Three lakhs Fifty thousand) only in case of group scheme (Atma Samman).
b) 5% of the project cost shall be provided by the entrepreneur as margin money.
c) The balance 65% of the project cost or the amount as may be required after deducting the entrepreneur’s contribution and Government subsidy from the total project cost will be provided by bank or West Bengal Financial Corporation or any other financial institutions as term loan and/or working capital loan.
d) No Government subsidy/grant shall be provided on working capital, which may be required subsequent to the initial operationalisation of the scheme whether in manufacture, trade or service sector. The banks, however, may extend loan for working capital etc. for subsequent requirement of the entrepreneur after the project has been operationalised.
e) No Government subsidy/grant shall be provided for cash credit as their is no provision for cash credit under scheme.
ii) For SSI units of tiny scale, no collateral security other than hypothecation of plant and machinery or any other asset procured for the project will be required for the loan component upto Rs.5 lakhs of the project cost. For units of non-SSI sectors such as service, trade etc. no collateral security will be required for the loan component of upto Rs.l lakh of the project cost.