34 new projects approved under ‘Mukhyamantri Swavalamban Yojana’

Mandi, October 30:

34 new projects have been approved under Chief Minister Swavalamban Yojna in Mandi district informed D.C. Rigveda Thakur. The total cost of these projects is proposed to be 6.60 crores for which a grant of Rs 1.25 crore will be provided.

He said that the projects approved include projects related to mobile food vans, bakeries, paver blocks, furniture, shattering and excavator machines to name.

Mukhyamantri Swavalamban Yojana is one of the important schemes of the state government for which a provision of grant of 7.50 crore has been made to the district Mandi for the current financial year. The officers have been instructed to create maximum awareness among the masses so that targeted people can avail maximum benefit from it and can become self-sufficient.

Additional Deputy Commissioner Jatin Lal said that under this scheme, any Himachali youth between the age of 18 to 45 years can establish units with a total project cost of up to 60 lakh rupees. There is a provision of 25 percent grant for investment of up to Rs 40 lakh on plant and machinery and 30 percent for women.

Apart from this, there is a provision of 35 percent grant for Himachali widow women under the age of 45 years. Apart from this, interest subsidy will also be given in the above scheme on a loan of Rs 40 lakh for 3 years at the rate of 5 percent. The scheme is applicable to all production units and 82 service units.