Rise Together
Category: Business & Entrepreneurship
Level: State | State: Jammu and Kashmir

Details:
The programme shall be focused on introducing and developing community oriented entrepreneurship in J&amp;K by providing strategic and financial assistance to dynamic and motivated youth. The programme envisions promotingcommunity based entrepreneurship optimally to generate jobs, income and promote spirit of social service among new-age young entrepreneurs of Jammu &amp; Kashmir
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**Objective** 

  - To develop Community Oriented Entrepreneurship in J&amp;K.
  - To integrate Livelihood Programme for Youth with the Socio-Economic development of Society in general;
  - To provide necessary handholding and financial assistance  to youth for establishing model Community Oriented Enterprises;
  - To provide end-to-end (Production to Marketing) strategic support to dynamic and motivated youth of J&amp;K to establish Economic Units integrated with Collective prosperity of Society;
  - To converge resources and expertise through coordinated action with all stakeholders;
  - To introduce the new concept of ‘Rise Together’ based on an integrated &amp; projective growth model

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The programme is an initiative to Develop Community Entrepreneurship in J&amp;K and facilitate creation of new employment avenues for youth integrated with inclusive development of local social circuits. The indicative, not exhaustive, list of activities to be covered under the programme is as under:

   1. Mechanized Dairy Units.
   1. Automated Sheep Farms.
   1. Departmental Store.
   1. Indigenous Raw Material Based Manufacturing Units.
   1. Wayside amenities &amp; facilitation centres in Tourist Circuits.
   1. Sound and Light recreational facilities.
   1. Smart Teaching- Learning facilities.
   1. Supply &amp; Distribution Network for Retail Food/ Non-Food Products.
   1. Commercial Training Institutes.
   1. Any other such activity necessary/ reassuring promotion of self-reliance &amp; inclusive social development.

Benefits:
Financial assistance to the extent of ₹ 20.00 lakh comprising of an upfront subsidy component provided by Mission Youth (Minimum of ₹2.5 lakh or 10% of project cost) and a Loan provided by the Bank (70% of the project cost to the extent of ₹ 17.50 lakh).
The balance cost of the project, not less than 20% of the project cost, shall be self-financed/ self-arranged by the beneficiary youth group as Margin Money for availing the Financial Assistance under the scheme.
The special subsidy so provided towards Repayment under the scheme shall be limited to an aggregate of ₹ 5.0 lakh per case;

Eligibility Criteria:
1. Any domicile of J&K is essentially registered with Mission Youth, J&K.
1. Only the Youth Groups with minimum 3 youth members shall be eligible for Financial Assistance under the scheme;
1. The financial assistance would be given only to Youth Groups with all its members aged 18 to 35 years having a minimum qualification of 12th standard. Provided that CEO Mission Youth shall be competent to relax the educational qualification criteria for deserving candidates on a case to case basis, based on proper justification. 
1. Preference will be given to youth registered as Self-Help Groups/ Registered Society/ Registered Trust.
1. None of the group members shall have availed benefit under any Self-Employment or similar schemes of the Government.
1. Character Antecedents of all members of the group should be certified by the Police.
1. The applicants should not be defaulter to any Bank/ Financial Institution.
1. Loan facility availed by the beneficiaries under Govt. sponsored scheme are not eligible.
1. The beneficiary must be unemployed. To be certified by competent authority.