Skilled Youth Startup Scheme

Applicant must possess a Certificate of Identification (COI) or Sikkim Subject Certificate / Residential Certificate (for urban areas).

Applicant must be unemployed and have completed at least Class V from a recognized school.

For technical, manufacturing, or service-based projects, the applicant should have a valid certificate from a recognized technical institute.

Applicant must be between 18 to 45 years of age at the time of application.

Only one member per family is eligible to apply under the scheme.

Applicant's family income must not exceed ₹8 lakhs per annum.

For married applicants: family includes self, spouse, and children.

For unmarried applicants: family includes parents and unmarried siblings.

If the applicant is a child of a Government employee, only children of Group ‘C’ or ‘D’ employees are eligible.

Applicant must contribute 5–15% of the project cost, as per bank norms.

Applicant must not be a defaulter with any nationalized bank, financial institution, or co-operative bank.

Applicant must not have availed subsidy under CMSS or PMEGP schemes earlier.

Applicant must possess a valid trade license for the proposed business or project.

Applicants under the Persons with Disabilities (PWD) category will be given priority and are eligible for a 50% loan subsidy.

Offline

Submit the prescribed application form (Annexure-I) along with the Detailed Project Report (DPR) and required documents to:

General Manager, District Industries Centre (DIC) at Gangtok or Jorethang.

Application is reviewed by a Selection Committee comprising departmental and bank representatives.

Post-approval, the project is forwarded to banks for loan sanctioning.

Training completion is mandatory before disbursement.



Repayment of Loan:

Repayment of the loan amount along with interest obtained from the bank shall be the sole responsibility of the applicant as per the terms and conditions of the bank. If the beneficiary wants to close the loan account before the completion of the loan period, he can do so with the approval of the Commerce & Industries Department. If the beneficiary wants to close after one year, they are free to do for agriculture & allied activities, and for other projects, the lock-in is 3 years.



Note:

Exaggeration in the cost of the project with a view only to availing a higher amount of subsidy shall not be considered for approval by the Committee.

Two recent passport-sized photographs.

Sikkim Subject Certificate/COI/Residential Certificate.

Educational certificates and mark sheets.

Birth Certificate or Panchayat certification.

Project Report verified by the concerned Line Department (2 copies).

Voter ID card (as address proof).

Unemployment Card from respective BAC.

Land lease agreement or Land Parcha, if applicable.

Relevant trade license or permit at the time of loan sanction.

BPL certificate from DESME.

Income certificate from BDO/SDM.

NOC from SABCO/SIDICO.