Youth Startup Loan Scheme (Under SKEWPY) — Frequently Asked Questions
Answers to the questions founders most often ask about Youth Startup Loan Scheme (Under SKEWPY) — who qualifies, the funding amount, required documents and how the application works.
Frequently asked questions
How much funding can I get under the Youth Startup Loan Scheme?
You can get a soft loan of up to 90% of the project cost, with the maximum loan amount capped at ₹8.00 lacs. You need to contribute 10% as beneficiary contribution.
What is the application deadline for this scheme?
The deadline is not specified. It is advisable to contact the nearest JKEDI office or check the official website for updates.
Who is eligible to apply?
Applicants must be aged 18-40 years (18-42 for differently abled), have completed 10+2 or higher education, be a domicile of Jammu & Kashmir, be unemployed and registered with the District Employment & Counseling Center (DECC), and be a first-generation entrepreneur with no prior subsidies under other state or central schemes.
Does the scheme take equity or is it a grant?
It is a soft loan (debt) scheme, not a grant or equity. No equity stake is taken. You must repay the loan as per terms.
What documents are required to apply?
You need to submit proof of domicile, educational certificates, and DECC registration. Additional documents may be required as specified by JKEDI.
Is there any mandatory training?
Yes, you must complete a mandatory 3-week entrepreneurship training program at JKEDI before loan approval.
Do I need a guarantee for the loan?
Yes, a third-party guarantee is required for the loan.
How do I apply for the Youth Startup Loan Scheme?
Applications are made offline at any JKEDI office across Jammu & Kashmir. Submit the required documents and then attend the mandatory training. For more details, visit the official website at https://www.startupjk.com/welcome/schemeyouthstartup.
Can I apply if I have already received a subsidy under another scheme?
No, only first-generation entrepreneurs who have not received any prior subsidies under other state or central schemes are eligible.
Are there any industry restrictions?
The scheme does not specify any industry restrictions. Projects with an investment up to ₹8.00 lacs are considered.
Is DPIIT recognition required for Youth Startup Loan Scheme (Under SKEWPY)?
No. DPIIT (Startup India) recognition is not listed as a mandatory requirement for Youth Startup Loan Scheme (Under SKEWPY), though having it can strengthen your application and unlock other benefits.
Who offers Youth Startup Loan Scheme (Under SKEWPY)?
Youth Startup Loan Scheme (Under SKEWPY) is offered by Labour & Employment Department, J&K, a government body. It is provided as non-dilutive funding.