Menu bar
logo

500+ GOVT

BENEFITS

Image 1

110K+

SUBSCRIBERS

Image 2

10K+ QUERIES

RESOLVED

Image 3

100% FACT

CHECK

Image 4
User
User

Account

Home

Home

Videos

Videos

Community

Community

All

Government Schemes

Government ID Cards

Scams

Tax

Housing and Sanitation

Women

Transport & Infrastructure

Agriculture

Food

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

Jaagruk Bharat

Author

Updated: 30-10-2024 at 3:30 PM

eye-svg

1k

article-img

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.

Overview

The following table showcases the key highlights of the Mumkin Scheme:-

SchemeDetails
Name of SchemeMumkin Scheme
Launch Year2021
MinistryJammu & Kashmir Government (Mission Youth)
EligibilityJ&K residents, 18-35 years, unemployed, with a commercial license
Application ProcessOnline through the Mission Youth portal

Read More: Free Bus Travel For Disabled People In Gujurat

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.

Benefits

This support enables beneficiaries to start their businesses, fostering self-reliance and economic growth. Here are main main benefits of this Sarkari scheme:-

  • Subsidy Amount: The beneficiaries are given social security of up to ₹ 80000 or 10% of the on-road cost of the vehicle whichever is lower under Mission Youth.

  • Matching Contribution: There is another government subsidy from the vehicle manufacturers, equivalent to what Mission Youth puts down, cutting down the cost for beneficiaries at the initial phase.

Read More: Empowering SC/ST Communities

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.

Eligibility Criteria

Individuals who want to start their business with the help of the Livelihood Generation Scheme, have to ensure they meet the following criteria.

  • The applicant must be a resident of Jammu and Kashmir.

  • Should be between 18 to 35 years.

  • The applicant must be unemployed.

  • The applicant must have a commercial driving license.

  • If renting the vehicle to someone else, an affidavit and their commercial driving license must be submitted.

  • The applicant must not have received any financial assistance or subsidy from a government organisation for self-employment.

  • The applicant can only receive this government scheme benefit once.

Read More: Financial Assistance To Former Sports Person

Application Process

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

Registration Process
Click to Preview

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.

application process
Click to Preview

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.

Documents Required

The following documents have to be submitted along with 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.

For any request or Article Research, visit the Community Page of Jaagruk Bharat and drop your comments and thoughts.

Government Sources

Official Website

Guidelines

0

comment-svg

0

eye svg

1k

share-svg

0

comment-svg

0

1k Views

0

profile
Add a comment here...
profile

No comments available

Was this helpful?

For more content like this

Harsha Vardhanan

harsha_iyar

Thank you for posting valuable information ✨

23 Nov 2021

Verified User

Manjunath Nayak

nayak

Good portal for common man, very useful

23 Nov 2021

Verified User

Suraj Patil

suraj

Jaagruk Bharat does a fantastic job of breaking down complex policies into easy-to-read articles and videos, ensuring accessibility for all citizens.

23 Nov 2021

Verified User

Sankesh Hegde

sankesh

A very helpful website that aggregates and simplifies government guidelines, providing clear information in various languages for better public understanding.

23 Nov 2021

Verified User

ATHARV HANDE

@atharvhande744

Thank you very much for information ❤

23 Nov 2021

Verified User

You might also like

YSR Vahana Mitra Scheme 2024: Application Process, Benefits, And More

Related articles

The Future Of Agriculture: Krushy Aranya Protsaha Yojane

0

eye svg

0

Latest

Image

RBI's New Money Transfer Rules: Key Changes for Safer Transactions from November 1

logo
facebooklinkedininstatwitterYoutube

Our Company

Home

About

T&C

Privacy Policy

Eula

Disclaimer Policy

Code of Ethics

Contact Us

Cancellation & Refund Policy

Categories

WomenInsuranceFinanceTaxTravelTransport & InfrastructureFoodEntertainmentCommunicationGovernment ID CardsE-commerceTraffic guidelinesMiscellaneousHousing and SanitationSportsStartupEnvironment and SafetyEducationAgricultureSocial cause

Jaagruk Bharat with its team work tirelessly to bring all government schemes, Sarkari Yojanas, policies and guidelines to you in a simplified and structured format.
Our team is at the forefront of gathering, verifying and breaking all central government and state government regulations uncomplicatedly.

Our mission and vision are to make the common citizen of India aware of all government-laid-out rules and policies in a single place. Thus, we Jagruk Bharat have created an all-inclusive portal for 1.5 billion Indian citizens to understand, utilize and avail benefits of govt schemes and policies and by bringing them under one roof.

Jaagruk Bharat (जागरूक भारत) is a one stop centralised destination where you can effortlessly find, understand, and apply for various government schemes. We are committed to ensuring transparency and empowering Indian citizens. Our goal is to keep India Jagruk about government policies, the latest news, updates, and opportunities.

जागरूक भारत अपनी टीम के साथ मिलकर लगातार काम करता है ताकि सभी सरकारी योजनाओं, नीतियों और दिशानिर्देशों को सरल और व्यवस्थित तरीके से आपके सामने पेश किया जा सके। हमारी टीम केंद्रीय और राज्य सरकार के सभी नियमों और विनियमों को आसानी से इकट्ठा करने, सत्यापित करने और प्रस्तुत करने में सबसे आगे है।

हमारा मिशन और दृष्टिकोण यह है कि भारत के हर नागरिक को सभी सरकारी नियमों और नीतियों से एक ही स्थान पर अवगत कराया जाए। इसलिए, हमने जागरूक भारत के रूप में 1.5 अरब भारतीय नागरिकों के लिए एक समग्र पोर्टल तैयार किया है, जहां वे सरकारी योजनाओं और नीतियों को समझ सकें, उनका उपयोग कर सकें और लाभ उठा सकें, सभी जानकारी एक ही छत के नीचे उपलब्ध है।

जागरूक भारत (Jagruk Bharat) एक केंद्रीकृत और सुव्यवस्थित गंतव्य है, जहां आप विभिन्न सरकारी योजनाओं को आसानी से खोज, समझ, और आवेदन कर सकते हैं, जिससे पारदर्शिता सुनिश्चित होती है और भारतीय नागरिकों को सशक्त किया जाता है।
हमारा उद्देश्य है कि भारत को सरकारी नीतियों, नवीनतम समाचारों, अपडेट और अवसरों के बारे में जागरूक बनाया जाए।जागरूक भारत (Jagruk Bharat) की मदद से आपकी कठिन से कठिन समस्या का आसान समाधान होगा...

अपने हक़ को अपनाओ ! जागरूक भारत पर आओ

All Copyrights are reserved by Jaagruk Bharat