Yuva Sahakar Scheme: Launch Date, Objectives, How to Apply

Yuva Sahakar Scheme, an initiative of the National Cooperative Development Corporation (NCDC), aims to satisfy the ambitions and needs of the young. The main goal of this scheme is to generate employment and support entrepreneurship. The Union Minister of Agriculture and Farmers Welfare launched the Yuva Sahakar Scheme on November 14, 2018.

This scheme provides mentorship and helps to effectively utilize financial assistance for the youth. Under this scheme, the youth will get assistance in setting up their ventures. We have shared more about the Yuva Sahakar Scheme, its objectives and significance here.

What is the Yuva Sahakar Scheme?

Yuva Sahakar Scheme is a scheme introduced by NCDC in 2018 that works for youth development issues. In 2018, the Union Minister of Agriculture and Farmers Welfare introduced the Yuva Sahakar Cooperative Enterprise Support and Innovation Scheme under the Ministry of Agriculture and Farmers Welfare.

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.

About National Cooperative Development Corporation (NCDC)

The National Cooperation Development Corporation (NCDC) introduced the Yuva Sahakar Scheme in India. Here is an overview of this corporation.

• NCDC was founded in 1963 and it is a finance institution for businesses in various domains.
• Some of the domains that NCDC supports financially include agriculture, sugar, fisheries, dairy, etc.
• This corporation contributes Rs.1000 crore to the Cooperative Start-up and Innovation Fund (CSIF).

Yuva Sahakar Scheme Objectives

The Yuva Sahakar Scheme promotes the overall growth of farming and allied sectors in India.

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. Corporations like NCDC support businessmen financially through the Yuva Sahakar Scheme.

• The objective of the Yuva Sahakar Scheme is to support entrepreneurship and create employment opportunities.
• This scheme also aims to boost the social and economic development of the rural areas.
• The Yuva Sahakar Scheme is also expected to reduce poverty levels in rural India by creating a platform for employment generation.

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 the Yuva Sahakar 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.

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. Here are some of the benefits of the Yuva Sahakar Scheme.

• 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, the Yuva Sahakar Scheme 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.
• Yuva Sahakar Scheme will help increase agricultural production by bringing in the latest technology and helping them form new business models.

How To Avail 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 implemented the Yuva Sahakar Scheme in India.

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. Here is why the Yuva Sahakar Scheme is significant.

Development of Diverse Sectors

• The Yuva Sahakar Scheme will help improve the agriculture sector by increasing wealth among farmers and making agriculture more effective by adopting modern technology.
• In addition to agriculture, the Yuva Sahakar Scheme is operational in diverse sectors like food processing, natural and organic products, renewable energy, skill enterprises, e-commerce, etc.
• The Yuva Sahakar Scheme will help push entrepreneurial minds to reach their potential.

Youth Skill Development

• The Yuva Sahakar Scheme will help people to develop entrepreneurial excellence, boost their confidence, and reduce their fear of failure while initiating new ventures.
• With the launch of the Yuva Sahakar Scheme, it is expected that the government will ensure effective support to the youth for entrepreneurship.

Supporting Marginalized Groups

• The Yuva Sahakar 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

Q1. What is the Yuva Sahakar Scheme?

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 the Yuva Sahakar scheme, the government hopes to tap the potential of youth for entrepreneurship in agriculture and related sectors.

Q2. When was the Yuva Sahakar Scheme launched?

The Yuva Sahakar Scheme was launched on November 14, 2018 by the Union Minister of Agriculture and Farmers Welfare, under the Ministry of Agriculture and Farmers Welfare. Since then, the Yuva Sahakar Scheme has supported hundreds of entrepreneurs.

Q3. Who launched the Yuva Sahakar Scheme?

The Union Minister of Agriculture and Farmers Welfare launched the Yuva Sahakar Scheme in India on November 14, 2018. The scheme was introduced by the National Cooperative Development Corporation (NCDC) to satisfy the ambitions and needs of the young.

Q4. 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 boost careers in the agriculture sector and create employment.

Q5. What is the objective of the Yuva Sahakar Scheme?

The Yuva Sahakar Scheme aims to 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.

Q6. How does the Yuva Sahakar Scheme work?

The Yuva Sahakar Scheme is conceptualized 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.

Q7. What is 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.