Mumkin - Livelihood Generation Scheme

About This Scheme

"Mumkin - Livelihood Generation Scheme" is an initiative launched by the Jammu & Kashmir State specifically aimed at empowering its young population. Recognizing the challenges faced by unemployed youth, this program offers financial assistance to help them embark on their journey towards self-employment. By providing subsidies and facilitating bank loans, Mumkin removes a significant financial barrier for aspiring young entrepreneurs, allowing them to invest in small commercial vehicles and establish themselves within the transportation sector. This not only fosters self-reliance among Jammu & Kashmir's youth but also injects fresh energy and resources into the local economy.

Eligibility

1. Applicant must be domicile of Jammu and Kashmir. 1. The age of the applicant should be between 18 to 35 years. 1. Applicant must be unemployed. 1. Applicant must have commercial driving license - In case, renting a vehicle to someone else : Affidavit required to be submit with his/her commercial driving license 1. Applicant must not be received any financial assistance or subsidy from government organization for self employment. 1. Applicant can get the scheme benefit only at once.

Benefits

- Up to ₹80,000 subsidy (or 10% of on-road price, whichever is lower) per beneficiary from Mission Youth. - Matching subsidy from the vehicle manufacturer (equal to Mission Youth's contribution).

How to Apply

Where This Comes From

This scheme was sourced from myScheme, the Government of India's official Central+State scheme discovery portal, and reviewed by an editor before publishing. Use the button above to read the full details and apply directly on the official source.