- To develop Community Oriented Entrepreneurship in J&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&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 & projective growth model
- Mechanized Dairy Units.
- Automated Sheep Farms.
- Departmental Store.
- Indigenous Raw Material Based Manufacturing Units.
- Wayside amenities & facilitation centres in Tourist Circuits.
- Sound and Light recreational facilities.
- Smart Teaching- Learning facilities.
- Supply & Distribution Network for Retail Food/ Non-Food Products.
- Commercial Training Institutes.
- Any other such activity necessary/ reassuring promotion of self-reliance & inclusive social development.
Benefits – ₹5L Grant + Loan for Community Startups
The financial assistance provided under this scheme is as follows:
- Upfront Subsidy: ₹2.5 lakh or 10% of the project cost, provided by Mission Youth, J&K.
- Bank Loan: 70% of the project cost, up to ₹17.50 lakh.
- Self-financing: The youth group must contribute at least 20% of the project cost as Margin Money.
- Subsidy for Repayment: An aggregate subsidy of up to ₹5 lakh per case for repayment.
This financial package ensures that the beneficiaries have sufficient support to establish sustainable businesses in the community.
Eligibility Criteria- J&K Govt Entrepreneurship Scheme
To apply for the Rise Together Scheme, the following criteria must be met:
- Domicile: Applicants must be residents of Jammu and Kashmir and registered with Mission Youth, J&K.
- Youth Group: Only youth groups with a minimum of three members are eligible for financial assistance.
- Age: All group members must be between 18 and 35 years old.
- Education: The minimum educational qualification is 12th standard; however, the CEO of Mission Youth may relax this criterion for deserving candidates based on justification.
- Self-Help Groups (SHGs): Preference will be given to Self-Help Groups (SHGs), Registered Societies, or Registered Trusts.
- No Prior Benefits: None of the group members should have received benefits from any self-employment or similar government schemes.
- Character Verification: Police clearance for the group members’ character is mandatory.
- No Bank Defaulters: The group members must not be defaulters of any bank or financial institution.
- Unemployment: The applicants must be unemployed, verified by the competent authority.
Application Process
The application process is as follows:
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Online Application:
- Applicants must log in to the official Mission Youth portal using their Aadhaar ID.
- Fill in the necessary details on the portal.
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Proposal Submission:
- Proposals are invited during the 4th quarter of each year.
- The Assessment Process is completed by the end of the financial year, and the shortlisted proposals are announced by April.
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Project Report (DPR):
- After receiving counselling, the selected youth groups must submit a Detailed Project Report (DPR) covering all aspects of the proposed activity.
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Evaluation:
- The Technical Committee evaluates the submitted DPRs, and those found satisfactory are considered for financial assistance.
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Pre-sanction Training:
- The selected youth groups will receive pre-sanction training to effectively execute the project.
Documents Required- ₹5L Funding for Youth Groups
The following documents must be submitted along with the application:
- Domicile Certificate or Ration Card
- Aadhaar Card
- Date of Birth Certificate issued by the competent authority
- Matriculation Certificate
- Unemployment Certificate (only required for new businesses)
- Project Report for the proposed activity
Frequently Asked Questions (FAQs)
What is the purpose of the Rise Together Scheme?
The scheme aims to foster community-oriented entrepreneurship in Jammu and Kashmir, providing youth with the tools and support to create self-sustaining businesses and contribute to social development.
Who is eligible for the Rise Together Scheme?
The scheme is open to youth groups (3 or more members) from Jammu and Kashmir, aged between 18-35 years, who are registered with Mission Youth, J&K.
What are the activities covered under the scheme?
The scheme supports a wide range of activities, including dairy units, sheep farms, retail stores, and manufacturing units, among others.
What is the Funding Pattern of the scheme?
The financial assistance includes an upfront subsidy, bank loan, and self-financed margin money.
What is the minimum age required to apply for the Rise Together Scheme?
Applicants must be 18 years old and must not exceed 35 years of age.
Can non-residents of J&K apply for this scheme?
No, the scheme is only available to residents of Jammu and Kashmir.
What is the minimum educational qualification required for this scheme?
Applicants must have at least a 12th standard qualification, with potential relaxation for deserving candidates.