With unemployment rising in Uttarakhand, the state government has decided to build 35,000 shops for youths and provide interest-free loans to them, which will be repayable in ten years.
Most of the shops will be built in such a way that each cluster will contain 10 shops on a piece of land identified by the district magistrate concerned, an official statement said. Each shop would cost Rs 2 lakh.
The government would ask banks to provide loans to the youths in this regard and also provide bank guarantee.
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The eligible beneficiaries will be selected from different sections of society through a draw of lots, top government officials said.
This is the second major scheme being launched by the state government for the youths registered as unemployed. The state government is already giving a special employment-cum-skill development allowance to the unemployed youths in Uttarakhand.
With unemployment rising in the state, the government is finding it difficult to cover all the educated unemployed youths who have been registered at unemployment exchanges of the state. The government's real worry is that of the total 7.03 lakh unemployed youths, registered at the unemployment exchange, more than 90 per cent of them are educated ones.