Swayam yojana loan scheme odisha, Online apply @Government official website.

Odisha Launches ‘SWAYAM’ Scheme to Empower Youth Entrepreneurs.

In a significant move aimed at catalyzing youth participation in Odisha’s industrial and commercial sectors, the state cabinet, chaired by Chief Minister Naveen Patnaik, has approved the implementation of the ‘SWAYAM’ scheme. Details apply process and government official website given below.

Scheme Overview:

  • Name: Swatantra Yuba Udyami (SWAYAM)
  • Objective: Facilitate entrepreneurial ventures among the youth aged 18 to 35 in both urban and rural areas of Odisha.
  • Financial Support: Eligible applicants can avail interest-free bank loans of up to Rs. 1 lakh to kickstart their businesses.
  • Budget Allocation: The state government has earmarked Rs. 448 crore from its budget to support the scheme’s implementation.
  • Inspiration: The proposal for such a scheme emerged during the district visit of V. Karthik Pandian, Chairman of 5T and Nabin Odisha, where the youth expressed a need for special assistance in business and trade.

Eligibility Criteria:

  • Age: 18 to 35 years for general applicants, and 18 to 40 years for Scheduled Tribes and differently-abled categories.
  • Income: Family should be covered under Kalia or BSKY scheme, or annual family income should be less than Rs. 2 lakhs.
  • Loan History: Applicants should not have defaulted on any previous loans from banks or financial institutions.
  • Employment: Employees of Central and State Governments, Government Enterprises, constitutional bodies, and their families are not eligible.

Document required to apply

  • Mobile No.
  • Aadhar Card
  • PAN Card
  • Caste Certificate
  • Udyam Aadhar
  • Bank Account details
  • Business details if you are looking to take a loan to expand your business.

Loan Terms:

  • Repayment: Principal loan amount to be repaid within 4 years.
  • Guarantee: State government to provide 15% additional loan guarantee through CGTMSE.
  • Interest Burden: State government to bear all interest charges on the loan.
  • Fees: No collateral or processing fees required for loan application.

How to Apply for the SWAYAM Scheme:

  • Check applicant Eligibility
  • Gather Required Documents
  • Visit Official Website: Access the official website of the Odisha government for the SWAYAM scheme. The website link is provided below:
  • Fill Out Application Form correctly, Upload Documents and submit.
  • Await Approval: Once the application is submitted, it will undergo review and processing by the relevant authorities. Upon approval, you will be notified regarding the status of your application and further steps to proceed.

Note: For any inquiries or assistance regarding the application process, applicants can refer to the official website of the Odisha government or contact the designated authorities as provided on the website.


Yojana NameSwatantra Yuba Udyami (SWAYAM)
Launch Date12th February 2024
Initiated ByGovernment Of Odisha
BeneficiariesYouth of Odisha state
Age- General Applicants18 to 35 in both urban and rural
Age- ST and differently-abled18 to 40 in both urban and rural
Apply ModeOnline
BenefitsInterest-free Loans To Youth
Application feeNo application fee
ObjectiveRs. 1 lakh to launch businesses
Last Date of ApplyNot Declare
Official Websitehttps://swayam.odisha.gov.in/
Online Apply Websitehttps://swayam.odisha.gov.in/loan/apply_form_loan.php


The SWAYAM scheme represents a pioneering effort by the Odisha government to foster entrepreneurship and economic empowerment among its youth population. By providing access to interest-free loans and comprehensive support, the scheme is poised to stimulate a new wave of entrepreneurial activity, driving socio-economic development across the state.

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