Odisha Swayam Scheme 2026: Apply Online for Rs. 1 Lakh Interest Free Loan, Check Status

Odisha Swayam Scheme, also known as Swatantra Yuva Udyami Scheme, is accepting applications from the youth of Odisha who want to start their own small businesses. The scheme gives interest-free loans through banks so the young people of the state can set up micro enterprises without the burden of paying interest.

Under this scheme, an eligible applicant can get an interest-free loan for a project cost of up to Rs. 1 lakh. The state government covers the interest, so the borrower repays only the principal amount over the loan period. Only permanent residents of Odisha who meet the eligibility rules can apply. For a full list of similar programs, check the Odisha government schemes list.

Odisha Swayam Scheme

Odisha Swayam Scheme was launched by the Odisha state government to help the youth of the state become self-employed. By starting small or micro businesses, the youth can earn a regular income and also create jobs for other people in the state.

The selected applicants get an interest-free loan for a project cost of up to Rs. 1 lakh. Of this, Rs. 95,000 is given as an interest-free loan and the applicant pays Rs. 5,000 as margin money. The loan has to be repaid over 4 years, which includes a moratorium period of 3 to 6 months as per the rules of the bank.

How to Apply for Odisha Swayam Scheme Online

Applicants can apply for Odisha Swayam Scheme online through the official website. The application form and the public notice of the scheme are also available on the MSME department of Odisha website. Follow the steps below to complete the application.

STEP 1 - Go to the official website of the scheme at swayam.odisha.gov.in. The application form and public notice are also available on the MSME department of Odisha website.

STEP 2 - On the registration page, click on the Registration link and choose Urban or Rural as per your area.

STEP 3 - Fill out the registration form with all the required details and complete the registration.

STEP 4 - After registration, log in with your Aadhaar or mobile number and fill out the application form. Upload the required documents and click Submit. An application number will be provided, keep a note of it for future reference.

Odisha Swayam Scheme Login / Check Status

To check the status of your application, go to the official website and click on the applicant login option. Enter your user ID and password, or log in with your Aadhaar or mobile number. Once you log in, you can see the details and status of your application on your dashboard.

Odisha Swayam Scheme Guidelines PDF

The detailed rules of Odisha Swayam Scheme are available in PDF format on the official website in English and Odia. The application form and the public notice of the scheme can be downloaded from the MSME department of Odisha website.

Download Odisha Swayam Scheme Application Form

Download Odisha Swayam Scheme Public Notice

Highlights of Odisha Swayam Scheme

Eligibility Criteria for Odisha Swayam Scheme

Before applying, make sure the applicant meets the eligibility rules given below.

• The applicant must be a permanent resident of Odisha.
• The applicant must be between 18 and 35 years of age. For SC, ST and PwD applicants, the age limit is up to 40 years.
• The applicant's family must be covered under KALIA or Biju Swasthya Kalyan Yojana (BSKY), or the family income must be less than Rs. 2 lakh per year in rural areas and Rs. 3 lakh per year in urban areas.
• The applicant must have a UDYAM registration or UDYAM assisted registration number.

Required Documents

Keep the following documents ready before filling out the application form.

• Passport size photo
• Aadhaar card
• Ration card
• PAN card
• Address proof
• Income certificate or KALIA / BSKY card
• UDYAM registration
• Caste certificate or disability certificate, if applicable

Odisha Swayam Scheme Benefits

The scheme offers several benefits to the youth of Odisha.

• The selected applicants get an interest-free loan for a project cost of up to Rs. 1 lakh.
• The applicant pays only 5% of the project cost as margin money, so the interest-free loan amount is Rs. 95,000.
• The loan is collateral-free and there are no processing charges.
• The loan amount is given directly to the applicant's bank account through the concerned bank.
• More than 2 lakh youth of the state can benefit from this scheme.

Mode of Implementation for Swayam Scheme

1. There is a dedicated website for registration and submission of applications.
2. The services of Mo-Seva Kendra can also be used by the applicant to submit the application.
3. The beneficiary selects the bank during filling out the application.
4. The concerned bank, on receipt of application, carries out the required due diligence, including desk and field verification, after which it sanctions the eligible applications.
5. During field verification, the bank helps the applicant prepare the required simplified DPR for sanctioning the loan.
6. The bank disburses the loan amount to the applicant after sanctioning and deposit of the project guarantee and margin money.
7. The beneficiary pays the EMI with the concerned bank regularly after the moratorium period. The bank charges interest during the moratorium as well, but the beneficiary pays only after the moratorium period.
8. The beneficiary can repay the loan earlier than the scheduled period and can also choose to pay higher EMIs. The bank charges no penalty for such changes in the repayment schedule or for early closure of the loan.

Contact Details

For any help related to Odisha Swayam Scheme, applicants can contact the helpline at 0674 - 2974093.

FAQ's

What is the Odisha Swayam Scheme?

Odisha Swayam Scheme, also known as Swatantra Yuva Udyami Scheme, is a state scheme that gives interest-free loans to the youth of Odisha to start their own small businesses.

How much loan is given under the Odisha Swayam Scheme?

An eligible applicant can get an interest-free loan for a project cost of up to Rs. 1 lakh. The applicant pays Rs. 5,000 as margin money and gets Rs. 95,000 as an interest-free loan.

Who can apply for the Odisha Swayam Scheme?

Permanent residents of Odisha between 18 and 35 years of age can apply. For SC, ST and PwD applicants, the age limit is up to 40 years. The applicant must have a UDYAM registration and meet the income rules.