Launched on 27 September 2015, the Mukhymantri Yuva Swavalamban Yojana (MYSY) is one of the most transformative initiatives launched by the Gujarat government. Under this scheme, the Gujarat government seeks to empower meritorious youth from all sections of society. This scheme’s initiatives include providing assistance in fees for higher education, relaxation on age-limit for government jobs, and assistance for self-employment.
Salient Features of MYSY
The historic MYSY government scheme seeks to empower meritorious youth from every strata of society. It provides aid in the form of fees for higher education for students as well as financial assistance for the self-employed and allows for relaxation on age-limit for government jobs:
Around 62 lakh students of primary and secondary medium will get Rs 1,000 crore financial assistance through the scheme during 2015-16.
Students of class 10th and 12th standards, who opt for diploma courses and who have scored 80 percentile or above, will be eligible for government assistance.
The annual family income ceiling will be Rs 4.5 lakh.
50% fee or Rs 2 lakh/year will be given to students as government assistance in self-financed medical/dental colleges.
For B.Sc., BA, B.Com, and B.Ed graduation courses, 50% of the annual fee or Rs 10,000, whichever is less, will be paid each year as government assistance to students in self-financed colleges.
The age limit for all categories to apply for government jobs was increased from 28 years to 33 years.
The government will extend interest relief under the MUDRA scheme.
The government will provide Rs 10 lakh bank loan under the MUDRA yojana with 5% interest assistance for three years to engineering and diploma students.
On 19 February 2016, Zeel Vidja became the 10,000th beneficiary of the MYSY scheme. Under MYSY, assistance worth Rs 718.69 crore has been provided to both school and college students. Understanding that MYSY had the potential to become a real force for change with regard to development of the youth, the Gujarat government has made every effort to expand the parameters of this scheme. As a former teacher herself, education has always been close to the heart of Chief Minister Anandiben Patel. This was evident during the Gujarat Budget Session on 24 February 2016, when the Education Department was allocated Rs 23,815.74 crore, with a focus on improving the quality of education.
Also during the Budget session, it was announced that financial year 2016-17 would be celebrated as “Yuva Vikas Varsh”, with a special provision in the budget for empowering the youth. As part of this announcement, it was also stated that more students would be covered under the MYSY by increasing the upper income limit to Rs 6 lakh and by reducing the percentile limit to 80.
The rapid growth in the number of beneficiaries from MYSY since its inception, and the expansion of its parameters, is a testament to its overall success. In India, which has among the world’s largest number of people under the age of 25, a success story like MYSY is highly significant. It is an example to policy makers everywhere that, if presented with a scheme, that addresses the root cause of their issues, the youth will respond in a positive and robust manner.
While the scheme was crafted by Gujarat’s policymakers as a means of providing equal opportunities for the economically weaker sections of Gujarat’s youthm, even they could not have predicted its success. Since its launch, the MYSY scheme has seen more than 15,000 college students applying for financial assistance, and prior to Zeel Vidja, over 9,999 students were provided aid worth Rs 32.8 crore. Vidja is a first year medical student from L.G. Medical College, and was presented with a cheque worth Rs 2.14 lakh, by the Chief Minister. The rest of the students have received benefits as per their various streams, in the following way detailed below: