In News
Deendayal Upadhyay Swaniyojan Yojana (DUSY) will soon be launched by Ministry of Rural Development to promote rural entrepreneurship under Start Up India campaign.
Salient features
The main objective of Swaniyojan Yojana is to provide incentives such as financial assistance to the rural poor looking for self-employment options.
The scheme will be integrated with MUDRA Bank Loan Yojana, innovative credit linkages and self-help groups.
it will be funded by the existing National Rural Livelihood Mission
It will provide the basic skill set required for self-employment in fields like driving, plumbing, agriculture, dairy farming, grafting and horticulture among others.
The Ministry will also coordinate with other government departments such as textile, animal husbandry, and food processing to help rural poor setup their own business in these fields.
Way Ahead
DUSY is a rural avatar of Start Up India, It will not only provide an opportunity for gainful employment to rural youths, but it can also solve various problems associated with rural economy such as disguised unemployment in agriculture, reducing poverty, mitigate migration etc.
