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Swarna Jayanti Shahari Rozgar Yojana (SJSRY)
OPERATIONAL DETAILS IN REGARD TO "INDIVIDUAL SELF EMPLOYMENT THROUGH SETTING UP OF MICRO-ENTERPRISES" UNDER USEP
1. Identification of Beneficiaries : Only those identified and listed on the basis of survey as suggested under Annexure I.
2. Eligibility : Urban poor living below the poverty line, in any urban centre.
3. Family Income : Annual family income of less than Rs. 11850/- at the 1991-92 prices.
4. Residency : Residing in the town for at least three years.
5. Defaulter : Should not be a defaulter to any nationalised bank/financial institution/cooperative bank.
6. Nature of Activities : An illustrative list of activities is as follows:
(A) Town services requiring no special skills.
Tea shop, Newspaper/magazine shop,ice cream vendors, Milk vendors, pan/Cigarette shop. Rickshaw Pulling, Fruit/ vegetable vending, Laundry work etc.
(B) Town services requiring special skills.
Repairing of TV/Radio/Refrigerator/Typewriter/Cooler/Cycle/automobile/diesel motor/diesel engines/watch/electrical domestic appliances; catering, dry cleaning, canning of chairs, motor winding, shoe repair, Book Binding as well as skills pertaining to house up gradation/construction such as plumbing, carpentry, masonry, painting and polishing, tile laying, glass pane fixing, electricals etc
(C) Micro-Manufacturing units which require skills.
Making /manufacturing of washing powder, agarbatti, bangle, garments plastic toys,footwear, wooden/ steel furniture, saree printing, weaving, pottery, black smithy, utensil/steel fabrication, food processing, ball pen making etc.
(D) Assistance should also be available under agriculture and allied activities/small scale services/business activities e.g. general merchant shop, kiryana shop, building materials shop, ready made garments and dairy.
(E) No training should be required if the beneficiaries has already undergone training in the scale/trade from a registered NGO/VO, provided requisite certificate is produced to that effect.
(F) Training should also not be necessary if the beneficiary has learnt the activity such as pottery making, cobblery, carpentry, ironsmithy etc. This aspect should however be certified by ULB before recommending/ forwarding application to bank.
(G) Training should also not be necessary if a beneficiary has learnt a particular trade from private/public registered company, as apprentice or employee; certificate from the private/public registered company.
7. Project cost : Project up to Rs. 50,000/- is under the scheme in case of individual. If two or more eligible persons join together in a partnership, the project with higher costs would also be covered provided share of each persons in the project cost is Rs. 50,000 or less.
8.. Subsidy : Subsidy would be provided at the rate of 15% of the project cost subject to a ceiling of Rs. 7,500/- per beneficiary. In case more than one beneficiary join together and set a project under partnership, subsidy would be calculated for each partner separately at the rate of 15% of his share in the project cost, limited to Rs. 7,500/- per partner.
9. Margin Money : Each beneficiary is required to contribute 5% of the project cost as margin money in cash.
10. Loan (inclusive of subsidy) : 95% of the Project Cost would be sanctioned as composite loan by bank at the rates of interest applicable to such priority sector loans fixed by Reserve Bank of India, from time to time.
11. Collateral Guarantee on Bank Loans : The loans would not require any collateral guarantee. Only assets created under the programme would be hypothecated/ mortgaged/pledged to the Bank advancing the loans.
12. Repayment : Repayment scheduled ranges from 3 to 7 years after initial moratorium of 6 to 18 months as decided by bank.
The CDS/Town UPE Cells will extend help to bank for ensuring repayment of loans as per rules.