SWAYAM Scheme Odisha – Eligibility, Objectives and Key Benefits!

The Odisha Cabinet approved many measures on Monday, including the establishment of ‘SWAYAM’ for interest-free loans up to Rs 1 lakh to rural jobless youth and entrepreneurs looking to develop their businesses.

SWAYAM Scheme Odisha

In anticipation of the upcoming elections, the Odisha government has chosen to introduce a new programme called Swathantra Yuva Udyami (SWAYAM) that would provide a bank loan of Rs one lakh without interest to encourage young people in the coastal state to work for themselves.

The state government would provide adolescents without jobs between the ages of 18 and 35 with interest-free bank loans up to Rs 1 lakh. The new programme aims to support young people in starting new businesses or growing their current ones.

Chief Secretary PK Jena said on Monday that a proposal in this respect was accepted by the state Cabinet, which is led by Chief Minister Naveen Patnaik. The government would use its funds to the tune of Rs 448 crore to implement the plan. According to Jena, the programme will last for two years.

Odisha SWAYAM Scheme Eligibility Criteria

At the meeting that Chief Minister Naveen Patnaik chaired on Monday at the Lok Seva Bhawan here, the state Cabinet accepted 26 recommendations. 

Eligible adolescents between the ages of 18 and 35 who live in rural regions may apply for loans under SWAYAM or Swatantra Yuva Udyami up to Rs 1 lakh to begin or expand existing businesses.

“Any youth who are unemployed in rural areas or who do not have any outstanding loans for the same purpose from any Central or state government-sponsored schemes within the age group of 18-35 years (18-40 years for the special category) and who wish to start or expand a business will receive interest-free bank loans up to Rs 1 lakh for their project,” stated official sources.

SWAYAM Scheme Odisha

Objectives of the SWAYAM Scheme

Objectives for Odisha SWAYAM Scheme is available below:

Accessible Higher Education:

  • The primary objective of the SWAYAM Scheme is to make higher education accessible to a broader section of the population, especially those residing in remote and underserved areas of Odisha.
  • Through the use of digital technology, the scheme brings quality education to the doorstep of students who might otherwise face geographical or economic constraints.

Skill Development:

  • Recognizing the importance of skill development in the contemporary job market, the SWAYAM Scheme emphasizes the inclusion of skill-based courses.
  • The platform offers a diverse range of courses that enable students to acquire practical skills, enhancing their employability and contributing to the state’s workforce development.

Promotion of Lifelong Learning:

  • The scheme encourages the concept of lifelong learning by providing a platform where individuals can pursue education at their own pace and convenience.
  • This flexibility is particularly beneficial for working professionals, enabling them to upgrade their skills without compromising their professional commitments.

Key Features of the SWAYAM Scheme

Key Features for SWAYAM Scheme are as follows.

Online Learning Platform:

  • SWAYAM provides a robust online learning platform where students can access a wide array of courses from various disciplines.
  • The platform utilizes modern technology to deliver video lectures, e-books, quizzes, and discussion forums, creating an interactive and engaging learning experience.

Free of Cost:

  • One of the standout features of the SWAYAM Scheme is that it offers courses free of cost to learners.
  • This removes financial barriers, making quality education accessible to a larger demographic, including those who might not have the means to afford traditional higher education.


  • Upon successful completion of courses, students receive certificates that hold value in the job market.
  • This recognition adds credibility to the skills acquired through the SWAYAM platform, further motivating learners to actively participate and complete their chosen courses.

Impact on Education of Odisha SWAYAM Scheme 

Increased Enrollment:

  • The SWAYAM Scheme has significantly contributed to an increase in enrollment in higher education courses across Odisha.
  • The convenience of online learning has attracted students who were previously unable to pursue higher education due to geographical or financial constraints.

Diversification of Skills:

  • The inclusion of skill-based courses has led to a diversification of skills among the youth in Odisha.
  • This, in turn, has a positive impact on employment rates, as individuals equipped with practical skills are better prepared to meet the demands of the job market.

Digital Literacy:

  • The SWAYAM Scheme has played a crucial role in promoting digital literacy among students in Odisha.
  • By utilizing online resources, students are not only gaining subject-specific knowledge but also developing digital skills that are increasingly vital in today’s technologically driven world.

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