The National Cooperative Development Corporation (NCDC) introduced the Yuva Sahakar Cooperative Enterprise Support and Innovation Scheme to satisfy the ambitions and needs of the young.
The Union Minister of Agriculture and Farmers' Welfare, under the Ministry of Agriculture and Farmers' Welfare, launched the Yuva Sahakar Scheme on November 14, 2018.
The Yuva Sahakar Scheme provides mentorship and helps effectively utilise financial assistance. Under this scheme, the youth will get assistance in setting up their ventures.
What Is Yuva Sahakar Scheme?
Each year, a certain chunk of the budget allocated to the Ministry of Agriculture and Farmers' Welfare is used for encouraging agriculture-related activities in the country. These activities promote the overall growth of farming and allied sectors in India.
The Yuva Sahakar Scheme aims to support and encourage young startups in rural areas. It provides assistance to help them set up their ventures or business units that will promote and contribute to rural development.
Yuva Sahakar Scheme: Objectives
The objective of the Yuva Sahakar Scheme is to support entrepreneurship, create employment opportunities and further social and economic development of the rural areas.
It is also expected to reduce poverty levels in rural India by creating a platform for employment generation.
Yuva Sahakar Scheme Benefits
Yuva Sahakar Scheme offers multiple benefits to the youth who cannot afford money or time to set up their ventures or business units. It allows them to achieve success in life by encouraging them to start their entrepreneurial ventures.
It is expected that the scheme will increase the GDP growth rate by 2.5% and help in increasing farmers' income by 1%-3%. In addition, it is also expected to promote agro-processing units operated by both men and women to reduce poverty levels.
The scheme allows women entrepreneurs to help them transition to modern agricultural practices. It will help increase agricultural production by bringing in the latest technology and helping them form new business models.
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How To Avail Of The Yuva Sahakar Scheme
The Yuva Sahakar Scheme invites applications to support young startups in various rural areas. The National Cooperative Development Corporation (NCDC), an autonomous body of the Ministry of Agriculture and Farmers' Welfare, will implement the scheme.
Eligible applicants can apply for this scheme by visiting the NCDC website.
Yuva Sahakar Scheme Significance
The Yuva Sahakar Scheme is an initiative by the Ministry of Agriculture and Farmers' Welfare to support and motivate the youth in the agriculture sector.
With this scheme, the government hopes to tap the potential of youth for entrepreneurship in agriculture and related sectors. In addition to agriculture, it is operationalised in other diverse sectors like food processing, natural and organic products, renewable energy, skill enterprises, e-commerce, etc. This will help them develop entrepreneurial excellence, boost their confidence, and reduce their fear of failure while initiating new ventures.
The scheme will help improve the agriculture sector by increasing wealth among farmers and making agriculture more effective by adopting modern technology. With the launch of the Yuva Sahakar Scheme, it is expected that the government will ensure effective support to the youth for entrepreneurship.
The scheme aims to encourage agro-processing units operated by men and women to reduce poverty levels. This will help promote and motivate young people in rural areas to create employment opportunities and reduce poverty.
FAQs on Yuva Sahakar Scheme
Q.1. What is Yuva Sahakar Scheme?
The Yuva Sahakar Scheme is an initiative by the Ministry of Agriculture and Farmer's Welfare to support and motivate the youth in the agriculture sector.
With this scheme, the government hopes to tap the potential of youth for entrepreneurship in agriculture and related sectors.
Q.2. How does the Yuva Sahakar Scheme encourage youth?
The Yuva Sahakar Scheme will provide the youth with opportunities to develop entrepreneurial skills, improve their confidence, and reduce the fear of failure. Moreover, it will also allow them to meet potential mentors from academia and industry.
Q.3. Who would be the beneficiaries of the Yuva Sahakar Scheme?
The Yuva Sahakar Scheme targets young people between 18 and 35 years who are not already working in the agricultural sector or working but cannot make a living.
Through this scheme, the government hopes that they will get further motivators to boost their career in the agriculture sector and create employment opportunities and reduce poverty levels in rural India.
Q.4. How will Yuva Sahakar Scheme work?
The Yuva Sahakar Scheme is conceptualised to empower the youth by creating farming units and entrepreneurial outlets for their respective areas. It aims at providing both men and women with an opportunity to start their business enterprises.
Q.5. What is expected to be the impact of the Yuva Sahakar Scheme?
The government believes that the Yuva Sahakar Scheme will positively impact the rural economy. Under this scheme, both men and women are expected to operate agro-processing units to reduce poverty levels.
Moreover, it will help promote entrepreneurship among youth in rural areas and create employment opportunities.