CMSES
The Corporation is also addressing the problem of unemployment in the State under the Chief
Minister’s Self Employment Scheme in which educated unemployed youth of the State are
guided to take up income generating schemes through self employment.
The Hon’ble Chief Minister of Sikkim has announced on 23rd March 2002 with his vision to
provide employment opportunities to the educated youths and help set up micro self-
employment ventures in the State. The salient features of the schemes are as such:
Under Chief Minister Self employment Scheme the educated unemployed youth of Sikkim
can availed the loan under the following Schemes:-
1.Industrial and service sector.
2.Hotel, Guest House, Lodging Restaurants
3.Agriculture and allied
4.Animal breeding, poultry, piggery, dairy, bee keeping etc.
5.Technical Trades such as electricians, plumbers, steel fabrication works, TV Radio,
Mobile, Automobile repairs motor mechanical, book binding, chemical booth etc.
6.Artisans and tradition occupation.
7.Small Business- like tea shops, General provision shop grocery manihari shops,
readymade garments shop newspaper/magazine shops etc.
Loan Limit/Quantum of loan
The quantum of loan shall not exceed Rs. 10.00 lakhs per individual per scheme.
Rate of Interest
The loan shall be interest for two years from the date of 1st disbursement. Thereafter it shall
carry interest @ 6% p.a.
Repayment Schedule
The loan shall be repayable in 60 equated monthly installments after the repayment holiday/
moratorium of 2 years. However, the loanee can make repayment before the due date.