Swarna Jayanti Gram Swarozgar Yojana is a scheme run by the central government which is distributed in the central government and state government, respectively in the division of 75:25 percent. This scheme is launched by the Government of India to provide sustainable income to poorest of the poor people living in rural areas of the country. The scheme was launched on April 1, 1999. The SGSY(Swarnajayanti Gram Swarojgar Yojana) aims at providing self-employment to villagers through the establishment of self-help groups. Activity clusters are established based on the aptitude and skill of the people which are nurtured to their maximum potential. Funds are provided by NGOs, banks and financial institutions. Under the scheme, poorer families that were below the Poverty Line were organized into Self-Help groups, which were funded through a mix of government funds and small loans from banks. The primary function of the Self-Help groups was to help these families cross the Poverty Line, and generate a sustainable source of profits through a joint effort. After the families were able to help themselves out of the scarcity line, the Self-Help groups were organized in such a way that every member of the group could contribute to the achievement of a common objective. Groups were organized on the basis of common skills, the skill level of the members, and the amount of time and work they could contribute.
The maintenance, education, and funding for these groups come from NGOs, philanthropists, CEOs, banks, organizations promoting self-aid, and District Land Development Agencies (DRDAs) that are owned by the government. Some of the institutions that offer to fund mentioned above also offer training and education facilities to group members and organize their own teams based on the training required for a particular Self-Help Group’s specific skill.
Features of Swarna Jayanti Gram Swarozgar Yojana:
- Providing adequate resources for small industries to move forward in rural areas.
- This person will be assisted as self-employed.
- The person receiving assistance in 3 years has to rise above the poverty line
- Organizing people below the poverty line for this scheme, managing equality, choosing businesses, implementing, technical, loan etc.
- For this scheme, commercial banks, co-operative banks, and regional rural bank loans will be made available.
- This scheme is a loan co-grant program.
- The scheme for which the loans are sanctioned will be emphasized on the efficiency of the development, for this, the district agency is entrusted with a budget of 10% (it is called SGSY testing fund).
- Under this, a market of goods produced will be made available.
- Under the scheme, the grant will be up to 30%, which will be Rs. 7500 / -. Subsidy for SC / ST will be up to 50%, with a maximum limit of Rs. 10000 / -. For this scheme, it can be up to Rs 1.25 lakh depending on the total cost. There is no limit to grant for its irrigation project.
- Under this scheme, the poverty line will be targeted firstly, which are self-employed in the Scheduled Tribes 50%, women 40%, disability ratio 3%.