Himachal's Green Dream: All About Rajiv Gandhi Swarozgar Startup Yojana Phase 2

Are you a Himachali youth between the ages of 21 to 45, eager to launch your own startup? Are you a sustainability-conscious individual seeking government support and funding for your entrepreneurial venture? In this article we delve into the details of Himachal Pradesh's Rajiv Gandhi Swarozgar Startup Yojana Phase (II), an initiative tailored to empower and financially assist the environmentally conscious youth in turning their startup dreams into reality.

Recognizing the significance of clean energy projects, the Himachal Pradesh Government is planning to roll out Rajiv Gandhi Swarozgar Startup Yojna Phase (II). The phase II of the scheme aims at empowering youth aged between 21 to 45 years through the establishment of solar projects. 

Clean energy and renewable energy projects are gaining popularity among both the government and investors. This momentum is expected to contribute to the achievement of the UN's Sustainable Development Goals and the promotion of clean energy initiatives.

Renewable Energy: Investors' Top Bet for 2024

Investors in 2024 are keenly eyeing the clean energy sector as one of the most promising areas for investment. TICE News spoke to several investors to learn about the top bets for 2024. There is unanimous consensus among investors indicating a strong belief in the potential of renewable energy projects. This aligns perfectly with the government's efforts to boost clean energy initiatives and meet sustainability targets.

What Is Rajiv Gandhi Swarozgar Startup Yojna Phase (II)?

The Himachal Pradesh Cabinet last week approved the commencement of the Rajiv Gandhi Swarozgar Start-Up Yojna Phase (II), specifically designed for youth aged between 21 to 45 years. The scheme aims to encourage the installation of Solar Power Projects (SPPs) with capacities ranging from 100 kW to 500 kW. This move is expected to significantly contribute to the state's renewable energy targets.

What are The Incentives and Sops Under The  Rajiv Gandhi Swarozgar Startup Yojna Phase (II)?

Under the scheme, participants will receive a monthly income ranging from Rs 20,000 for a 100 kW project to Rs 40,000 and one lakh per month for projects with capacities of 200 kW and 500 kW, respectively. The income will be disbursed for 25 years, providing a stable source of revenue for the youth involved in these solar projects.

Beneficiaries of the scheme are required to pay a minimal 10 percent security deposit, while the government facilitates 70 percent of the bank loan. Additionally, the government will provide 30 percent equity, making it a lucrative opportunity for the youth to engage in the clean energy sector without significant financial burdens.

What Is The Objective Behind Rajiv Gandhi Swarozgar Startup Yojna Phase?

The objective behind  Rajiv Gandhi Swarojgar Yojana in Himachal Pradesh is to position the state at the forefront of environmentally friendly states. This becomes achievable by encouraging the increased usage of electric vehicles by the government and providing incentives in this sector. The commencement of this scheme in Himachal Pradesh aims to generate employment opportunities for unemployed youth. 

Himachal Pradesh Chief Minister Sukhvinder Singh Sukhu had earlier said that the state government intends to become the first Green Energy State by the end of 2025 by harnessing hydro, hydrogen and solar energy and switching to green products.

Sarkar Gaon Ke Dwar Initiative to Promote Outreach

The cabinet's approval of the 'Sarkar Gaon Ke Dwar' initiative further signifies the government's commitment to the welfare of its citizens. Scheduled to commence from January 8 across the state, this initiative aims to connect officials with beneficiaries of government schemes in clusters of villages until February 12.

Chief Minister Sukhvinder Singh Sukhu On Solar Project

Himachal Pradesh Chief Minister Sukhvinder Singh Sukhu emphasized the accessibility of the solar project to rural youth, particularly those with three bighas of land. He outlined the deposit requirements for various project capacities and highlighted the monthly income support for a period of 25 years.

The Rajiv Gandhi Swarozgar Startup Yojna Phase (II) marks a significant leap towards sustainable and clean energy in Himachal Pradesh. The scheme not only offers economic opportunities for the youth but also aligns with global sustainability goals, making it a commendable initiative for the state.

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