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Skilled Youth Startup Scheme

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Frequently Asked Questions
The "Skilled Youth Start-Up Scheme (SYSS)" was launched with effect on 15th August 2020 by the Commerce & Industries Department of the Government of Sikkim, with the vision to reduce unemployment and create adequate self-employment opportunities in the long run. SYSS is intended to generate equitable entrepreneurial opportunities in rural as well as urban areas of Sikkim, particularly among the educated unemployed youth to become self-employed by setting up Manufacturing / Service / Business / Co-Operative / Agriculture & Allied Activities by availing loans (category wise) with back ended subsidy assistance from the State Government @ 50% for Below Poverty Line (BPL) and @ 35% for rest on financially viable/ bankable Projects cost.

1. To promote entrepreneurial qualities amongst the local unemployed youth and encourage them for setting up any commercially viable/ bankable business venture in any sector including Agriculture / Horticulture / Food Processing / Animal Husbandry / Handloom & Handicrafts / Retail / Tourism / Services / Manufacturing etc. in the State in tune with the State Government policies.
2. To generate equitable entrepreneurial opportunities in rural as well as urban areas of the State through the setting up of new self-employment ventures/projects by providing one-time non-refundable financial assistance of 50% / 35% with back-ended subsidy on project approval by the Bank/ PSU financial institution.

The scheme will be implemented by the Department of Commerce & Industries, Govt. of Sikkim, through the District Industries Centres (DICs) for appraisal of the projects, their financial viability and providing assistance for their credit linkage with the financial institutions and line Departments.
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