SVAYEM Scheme 2026: Assam Youth Empowerment, Eligibility & How to Apply
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Quick answer
The Swami Vivekananda Assam Youth Empowerment (SVAYEM) scheme provides financial assistance and seed funding to youth and community groups in Assam for micro and small business ventures. Applicants aged between 18 and 40 years with at least a Class 7 qualification can avail of loan assistance through participating banks. Applications must be completed online via the official RE-SVAYEM portal.
At a glance
| Main benefit | Financial assistance and bank credit support |
| Ministry / department | Industries and Commerce Department |
| Level | State Government (Assam) |
| Age | 18–40 years |
| Application mode | Online |
About the scheme
The Swami Vivekananda Assam Youth Empowerment (SVAYEM) scheme is a dedicated flagship initiative of the Government of Assam designed to generate self-employment across rural and urban parts of the state. Implemented through the District Industries and Commerce Centre (DICC) along with public, private, and regional rural banks, the programme facilitates credit and seed assistance for setting up new micro-units or scaling up existing operations. It encompasses a wide spectrum of income-generating activities such as manufacturing, food processing, trading, transport services, cottage industries, and traditional handicrafts to bolster household earnings and regional economic growth.
Benefits
- Financial assistance provided as initial seed money to start new enterprises or expand existing ventures.
- Credit support facilitated through public sector banks, private sector banks, and Regional Rural Banks.
- Interest rates charged according to Reserve Bank of India (RBI) guidelines for micro and small enterprises.
- Loan repayment schedule ranging from 3 to 7 years following an initial moratorium period fixed by the lending bank.
- Coverage for diverse livelihood activities including manufacturing, processing, trading, rural transport (auto-rickshaws, e-rickshaws), tourism, and cottage industries.
Who can apply (eligibility)
- Applicant must be a permanent resident of Assam.
- Candidate must be between 18 and 40 years of age.
- Minimum educational qualification required is Class 7 standard pass.
- Beneficiary must possess the necessary skills, knowledge, or experience to carry out the chosen business activity.
- Preference is given to candidates who have completed a recognised Skill Development Training programme.
- Eligible groups include Self Help Groups (SHGs), Joint Liability Groups (JLGs), Farmer Producer Organisations (FPOs), and Cluster-level SPVs or State Federations.
- There is no family income ceiling required to apply.
Who cannot apply
- Applicants who are defaulters on any previous bank loan.
- Individuals who have received assistance under the Prime Minister's Employment Generation Programme (PMEGP) in the last 5 years.
Documents required
- Duly filled SVAYEM application form
- Identity proof (Aadhaar card, Voter ID card, PAN card, driving licence, or passport)
- Proof of age
- Proof of residence in Assam
- Proof of educational qualification (minimum Class 7 pass mark sheet or certificate)
- Proprietary identity document
- Copy of business registration certificate (for existing enterprises)
- Copy of valid business licence
- Valid National Food Security Card
- Skill Development Training Certificate or experience certificate (if applicable)
- Plan Report / Project Report for the proposed venture
How to apply
- 1Visit the official RE-SVAYEM online portal.
- 2Register on the platform or log in with your credentials.
- 3Access the SVAYEM scheme online application form.
- 4Fill in all personal, educational, and business details accurately.
- 5Upload required documents including proof of identity, residence, educational certificate, and the project plan report.
- 6Review all entered information and submit your application online.
Frequently asked questions
What is the SVAYEM Scheme?+
It is an Assam Government scheme that provides financial assistance and bank credit to youth and community groups to undertake income-generating activities in manufacturing, services, and trading.
Who is eligible to apply for the SVAYEM scheme?+
Permanent residents of Assam aged between 18 and 40 years with at least a Class 7 education and relevant skills or experience can apply. SHGs, JLGs, and FPOs are also eligible.
Is there an income limit for SVAYEM?+
No, there is no annual family income ceiling to qualify for benefits under this scheme.
Can past PMEGP beneficiaries apply for this scheme?+
No, individuals who have availed assistance under PMEGP within the last 5 years are not eligible.
What is the repayment period for the loan?+
The repayment tenure ranges from 3 to 7 years after an initial moratorium period decided by the financing bank.
What does seed money mean under SVAYEM?+
Seed money is the initial financial support provided to help applicants launch their business ventures and establish new enterprises.
NaukriZila is not a government website. Apply only on the official portal; never pay anyone to apply for a government scheme. Source: myScheme (Government of India)