Mukhyamantri Yuva Udyam Vikas Abhiyan Yojana has been launched by the Chief Minister of Uttar Pradesh Yogi Adityanath. Through this scheme, educated youth of the state will get interest-free loans to connect them with self-employment. Youth will be given interest-free loans by the state government for projects of more than five lakh rupees in the industry and services sector. This Self-Employment Mission Uttar Pradesh will finance 1,00,000 units every year. This will directly benefit one million companies in the coming decade. This scheme will empower and make the youth self-reliant by connecting them with self-employment. This scheme will reduce the problem of unemployment in the state and will also create new employment opportunities.
Objective of the scheme
The objective of the Chief Minister with this scheme is to create employment opportunities in urban and rural areas. Despite being educated, the youth in India are facing economic employment problems. They do not have money to start a business. In such a situation, they are facing many problems. Under this scheme, the government wants to connect educated and trained youth with self-employment so that they can start their own business and also improve their economic condition. By doing this, they will be able to become self-reliant.
MYUVA Yojana Overview
| Plan | Chief Minister’s Youth Entrepreneur Development Campaign Scheme |
| was launched | Chief Minister Yogi Adityanathji |
| Beneficiary | Youth of the state |
| Objective | Connecting educated youth with self-employment |
| Loan Amount | Rs 5 lakh interest free |
| State | Uttar Pradesh |
| Application Process | Online |
| official website | yuvasathi.in |
Benefits of the scheme
- Applicants selected under the scheme can avail interest-free loan up to Rs 5 lakh for their projects.
- The aim of the Chief Minister of Uttar Pradesh is that every year one lakh rupees will be prepared for young entrepreneurs.
- This scheme will encourage the youth of the Uttar Pradesh state towards entrepreneurship.
- Once the person successfully repays the first loan, he can avail the second loan amount which can go up to Rs 7.5 lakh.
- People of the Uttar Pradesh state can get various skills from this scheme, which will help them in the future.
- The aim of this scheme is to promote entrepreneurship among all the youth of the state.
Eligibility for the scheme
- The applicant for this scheme should be a native resident of Uttar Pradesh.
- Applicant must possess Post Graduate Degree.
- A candidate falling under any caste category eligible for the scheme can apply for the scheme.
- The youth of the state, whether urban or rural, will be eligible to apply.
- Banks should not consider any young applicant as a defaulter.
- Micro units with project cost of more than Rs 5 lakh will be eligible, especially in the industry and service sector.
- The total annual income of the applicant’s family should be more than two lakhs.
- All necessary certificates and diploma certificates related to education should be there.
Necessary documents for the scheme
- Educational Qualification Documents
- Mobile Number
- Bank Account
- Passport size photo
- Income Certificate
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- Aadhar card
- Address proof
- Caste Certificate
- Age Certificate
- Project Documents
Planning application process
- First of all you have to visit the official website yuvasathi.in .
- After that the scheme home page will open in front of you.
- If you want to apply then you have to click on it.
- After this a new page will open in front of you, in which you will have to fill in different information. After filling the information, check it carefully. After that you will have to click on the submit button.
- In this way you can apply online for the scheme.
FAQs on the Scheme
What is the Chief Minister’s Youth Entrepreneur Scheme?
Through this scheme, Udyam Mitras will be appointed to help domestic and foreign investors coming to invest in the state. Through this scheme, educated youth of the state will be given employment.
Which industries are covered under the Chief Minister Entrepreneur Scheme?
Under the scheme, there will be an opportunity to set up industries in the service sector and manufacturing sector. From this year, Kel Ressa (yarn manufacturing) and Powerloom (handloom) have also been included in it.
How much loan can one get after passing 8th class?
You can get a loan of Rs 25 lakh on passing 8th class.
How to get loan under Udyam Yojana?
Under the scheme, 50 percent grant and the remaining interest free loan is given. The condition is that the amount has to be returned in seven years i.e. in 84 installments. The entrepreneurs who have received loan under the scheme should deposit their installments on time and submit a copy of the receipt of the deposited amount in the office.
How much interest is charged in the Chief Minister Self-Employment Scheme?
In this scheme, there will be eligibility for interest subsidy at the rate of 5 percent. In case of a female applicant, there will be eligibility for interest subsidy at the rate of 6 percent.