Swarna Jayanti Gram Swarojgar Yojana (SGSY) was launched on April 1, 1999 and is the only self employment program being implemented currently. The objective of the SGSY is to bring the assisted self – employed above poverty line by providing them income generation assets through bank credit and government subsidy.
The programme aims at establishing a large number of micro enterprises in the rural areas, based upon the potential of the rural poor.
SGSY is a centrally – sponsored scheme and funding is shared by the central and state Government in the ratio of 75 : 25 respectively. It provides sustainable income to the rural poor. It is proposed to cover 30 per cent of the rural poor in each block in the next 5 years. SGSY is a credit – cum – subsidy based program. It covers all aspects of self employment such as organization of poor into self-help groups, training, credit availability, infrastructure and marketing.
