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The state government is hereby pleased to lay down the guidelines/criteria for implementation of Chief Minister's Self-Reliant Scheme (CMSRS) and for the grant of traning/vocational courses under Sikim Youth Empowerment and Self Reliant Mission implemented by Human Resources Development Department, Government of Sikkim as under, namely :

Chief Minister's Self-Reliant Scheme.


Loans under this scheme shall be disbursed only to Sikkim Subject / Certificate of Identification holders and their descendants/holders of land parcha in the age group of 18 to 40 years.


Original copy of valid Employment Card shall be submitted and will be in a safe custody of SIDICO till the loan is paid 100%.


Not, more than one member of a family shall be consider for the benifit, save in case of BPL families.

iv) Those who have availed loans under Chief Minister's Self Employment Scheme will not be eligible under this scheme.

Quantum of loan shall be a minimum of Rs. 50,000/- and not exceed Rs. 1,00,000/- per individual per scheme.


Processing fees/application form fee of 1% of the sanctioned amount shall be charged to cover the change of administrative expenses of Sikkim Industrial Development and Investment Corporation Ltd. for loans under the scheme. No other amount shall be deducted from the loan.


In case of default or death of a loanee, the guarantor / surety shall be liable for refund of only the principal amount to be paid within a period not exceeding one year.

  Rate of Interest  
  Loan shall be interest free for the first 2 years from the date of disbursement of 1st instalment. Thereafter it shall carry an interest rate of 6% per annum.  
  Repayment of Loan  
  Loan shall be repaid on EMI basis in five (5) years after a moratorium period of 2 years. However, the loanee can make repayment before the due date.  

Sikkim Industrial Development & Investment Corporation Ltd. shall be the prescribed agency to accept all applications and disburse the loan amount at their end, duly ensuring that the eligibility criteria have been met and that all necessary obligations and formalities that are required to be fulfiled have been competed.


Applications of loans shall be examined with refrence to genuineness of the request. Preference shall be given to candidates who have undergone higher/specialized training in the field for which the loan is sought.

iii) Applicant shall be required to submit an affidavit stating that he/she is not employed with any agency, that he/she has no outstanding dues with any financial institution and other requirement that may be considered necessary to be prescribed.
iv) Loans shall be disbursed by Sikkim industrial Development & Investment Corporation Ltd. after final approval of the Government.
v) List of Loanees with relevant details shall be submitted for information of the State Government by Sikkim Industrial Development & Investment Corporation Ltd. through the Human Resource Development Department.

The Human Resources Development Department shall ensure wide publicity through Sikkim Herald and other local newspaper regrading the scheme and the last dates of submission of application, so that all elgible Sikkimese youth will have a fair chance for selection.


Sikkim Industrial Development & Investment Corporation Ltd. Sikkim, India
All rights reserved. Email :
mdsidico@rediffmail.com. Website : sidico.org

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