Home » SSI Corner » SSI Policies » Self-Employment Scheme for Educated Unemployed Youth (SEEUY)

The scheme for providing Self-employment to Educated Unemployed Youth was started in 1983 with an annual target of 2.5 lakh beneficiaries. Unemployed Youth in the age group of 19-35 years who are Matriculates and above are eligible for assistance under this scheme. ITI passed, women, technically trained persons are given due weightage training plus two level are given preference. A ceiling of income of Rs. 10,000 per annum, per family, has been fixed for eligibility under the scheme. A minimum of 50% ventures should be through industry-route and not more than 30% of the ventures should relate to business sector, except in hilly areas of the country. A composite loan not exceeding and Rs.15,000/- for business sector is provided. 25% subsidy is provided by the Govt. on the loans. Banks do not require collateral guarantee or margin money for such loads. 30% of the total beneficiaries are reserved for SC/ST persons.

All India progress showing targets and achievements under SEEUY Scheme for the years 1989-90 to 1992-93 is given as under :

Sl. No.	Year	Target	No. of application Recd. in DICs (Lakhs in Nos.)	No. of application recommended to banks by theDIC task forces (Lakh Nos.)	Applications sanctioned by banks (Lakh Nos.)	Amount (Rs. in crores)
1.	1989-90	1.25	4.86	1.84	1.07	224.81
2.	1990-91	1.25	4.93	1.79	1.01	222.54
3.	1991-92	1.29	4.45	1.84	0.94	205.96
4.	1992-93	1.00

During the year 1992-93 an outlay of Rs. 45 crores was provided for the scheme, out of which Rs.40 crores were released to Reserve Bank of India, as required by them, to settle the subsidy claims under SEEUY scheme. The amount utilised by RBI during 1992-93 was Rs.39.55 crores.