
Swami Vivekananda Yuva Shakti Yojana: Unleashing the Power of India's Y
India, the country with one of the world's largest youth populations, holds the potential to surge towards unprecedented socio-economic growth. Emphasizing this potential, the Swami Vivekananda Yuva Shakti Yojana is an ambitious initiative geared to empower India's youth, paving the way for a brighter tomorrow.
In this article, learn about the Swami Vivekananda Yuva Shakti Yojana in detail. Also learn about its objective, vision and impact here.
Aspiring UPSC IAS exam candidates must give utmost importance to this article. To enhance your academic support, you can also consider joining UPSC coaching.
Swami Vivekananda Yuva Shakti Yojana: Overview
Named after the iconic philosopher and youth icon, Swami Vivekananda, the Swami Vivekananda Yuva Shakti Yojana aims to stimulate a fresh wave of energy among India's young populace. Inspired by Swami Vivekananda's vision of youth empowerment, this scheme represents the central government's commitment to nurturing young talents, equipping them with the necessary resources and opportunities to contribute meaningfully to the country's development.
Learn about Young Bengal Movement here.
Objective and Vision
The Swami Vivekananda Yuva Shakti Yojana is dedicated to fostering a vibrant entrepreneurial culture among India's youth. The scheme focuses on:
- Fostering an enabling environment for youth entrepreneurship.
- Empowering them with necessary skills and knowledge.
- Providing financial assistance for start-up projects.
- Facilitating the growth of youth-led businesses, consequently leading to job creation.
Also learn about National Skills Qualifications Framework here.

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Swami Vivekananda Yuva Shakti Yojana: Eligibility and Application Process
To avail of the benefits of Swami Vivekananda Yuva Shakti Yojana, applicants should:
- Be an Indian citizen.
- Be between the ages of 18 to 35.
- Have a clear business plan with a focus on job creation.
- Not be a defaulter in any other government scheme.
Applications can be submitted through the official portal dedicated to this scheme.
Learn about Maharashtra State Skill Development Society here.
Financial Assistance under Swami Vivekananda Yuva Shakti Yojana
The scheme provides financial assistance to the selected projects in the form of:
- Capital subsidy up to 25% of the project cost.
- Interest subsidy at 5% per annum for a maximum period of 7 years.
It also offers additional support for projects related to green technology, social entrepreneurship, and women entrepreneurs.
Learn about Pradhan Mantri Gram Sadak Yojana here.

Swami Vivekananda Yuva Shakti Yojana: Impact
The impact of the Swami Vivekananda Yuva Shakti Yojana is manifold, spanning various domains:
- Economic Development: By supporting youth-led enterprises, the scheme contributes to the country's economic growth and job creation.
- Skill Enhancement: It encourages skill development and fosters an entrepreneurial spirit among India's youth.
- Social Empowerment: The scheme promotes social inclusion by giving priority to projects from marginalized sections of society.
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