In 2025, the Arunachal Pradesh government started the Chief Minister’s Soft Loan Scheme for ITI Graduates. The objective of this is to financially support those who are already trained. Those who have passed ITI should not depend only on jobs but try to do something on their own. This project is implemented through the Department of Skill Development and Entrepreneurship.
Under this scheme, not only is financial support given, but help is also provided through a subsidy and toolkit. Reducing the number of unemployed youth and attracting them towards startups is the main objective of this.
In this article, there is information about who can get the benefit from this scheme and more details about it.
Objectives of This Scheme
To help ITI graduates with money so that they can do something on their own. So that all the trained youth in Arunachal Pradesh do not remain unemployed. After passing ITI, graduates should be encouraged to do business instead of depending only on jobs. Skilled young people should come towards startups after training and be able to generate jobs. They should start a business in the same field in which they have taken training. When youth move towards entrepreneurship, they will create jobs, and in this way, the local economy will grow more.
How to Avail the Benefit from It
The person who wants to apply must be a permanent resident of Arunachal Pradesh. Must have passed ITI, and the institute must be recognised. Go to the official website of the Department of Skill Development and Entrepreneurship and fill out the form with the required documents. All the documents mentioned in the application must be uploaded, such as the ITI certificate, identity proof, etc. There will be verification, and if everything is correct, the loan will be approved, and along with that, other support will also be provided.
Benefits of this Scheme
- To start a business, money is needed, and that support is provided here.
- This soft loan is given in two instalments, the first time up to 1 lakh and the second time up to 2 lakh.
- From the total loan amount, 25% is paid by the government.
- To reduce the loan burden, the government also pays 7% interest.
- Not only that, 15000 rupees is given for a toolkit to buy the necessary equipment.
- The only objective is that ITI graduates do something on their own.
- This is the government’s effort to reduce unemployment.
- Promoting small businesses and growing the overall economy is the government’s goal.
Achievements of this Scheme
- Many ITI graduates of Arunachal Pradesh have started their own businesses through this loan.
- A large number of youths have moved from unemployment towards entrepreneurship.
- Trained youth have shifted from depending on jobs to doing business.
- They are using the training they received in their own work.
- Workshops and small service centres have increased in different areas.
- Because of this help, the financial burden on the homes of youth has been reduced a lot.
- The economy has grown because many small businesses have increased. Youth have become more interested and confident in doing their own business.
FAQs
Can any youth apply for this scheme?
No, they cannot. This is only for ITI graduates.
How much loan is given under this scheme?
The loan is given in two instalments: the first is 1 lakh, and the second is 2 lakh.
Is there any subsidy in this loan?
Yes, up to a 25% subsidy is given.