Beneficiaries intending to become self employed by setting up Manufacturing/Service/Business/Cooperative/Agriculture & allied activities are entitled to back ended subsidy assistance from the State Government @ 50% for BPL and @ 35% for rest on financially viable/ bankable Projects cost.

Animal Husbandry, Agriculture & Allied activities-Dairy, Poultry and Piggery, Organic Farming - Green house, Food Processing and other manufacturing sectors, Wood Handicraft & Cottage Industries, Metal Fabrication works, Tourism -Paragliding, Mountain cycling, etc., Rural Homestays, IT & IT enabled services, Cutting and tailoring for Cooperative registered societies, Bakery and Restaurants, Beauty Parlours/Boutique/Grocery/Manihari & other Retail shops, Coaching Institute/Training Centre, Herbal Products Industry including Nurseries, Paper bags/Paper plates, Bamboo based Industry (Cane & Bamboo), Automobile Workshop Garage/Car spa, Diagnostic Centres, Film Industry/Film Auditorium (Mini size) excluding construction, and any Other Project which the Committee deems to be fit for funding.

The scheme is applicable to all areas in the State including rural and urban areas.

Repayment of 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 others project the lock in is 3 years.

Contribution of the beneficiary shall be 5 to15% of the sanctioned project cost depending upon the banker's norms.

All the educated unemployed youth having COI, Sikkim subject certificate with at least class 5 pass certificate / Technical certificate for technical / manufacturing projects can apply.

The family income shall not exceed 8 lakhs per annum.

No, cost of the land should not be included in the Project cost.

Only one member of a family shall be eligible to avail the benefits under the Scheme.

The applicant can submit their applications in prescribed format as provided in Annexure-I in hard copies along with the Detailed Project Report and other relevant documents addressed to the General Manager, DIC (E/N)/(S/W) at Gangtok and Jorethang respectively.

The application forms can be downloaded from the following link: Youth-Skilled-Start-Up-Scheme-converted.pdf (sikkim.gov.in)