The CM Yuva Udyami Yojana in Uttar Pradesh is empowering thousands of young individuals to start their own businesses. Under this scheme, you can avail a loan of up to ₹5 lakh to kickstart your project—interest-free. But a common question arises: Do you need to file Income Tax Returns (ITR) or have a GST number to qualify?
Meet Priyagraj’s Nia Sharma — A Dream Made PossibleNia Sharma from Prayagraj always dreamed of opening her own boutique. But due to lack of funds, her dream remained unfulfilled—until she heard about the Mukhyamantri Yuva Udyami Yojana. Now that the government is offering interest-free loans, a new question troubled her: She has never filed an ITR. Will she still qualify?
Do You Also Lack ITR or GST?If you're in a situation similar to Nia’s and haven’t filed an ITR or registered for GST, you might be wondering if the government will approve your loan application. Here's the good news: Yes, you can still get the loan.
Massive Response to the SchemeThe scheme has seen overwhelming interest across the state. Against a target of 1.5 lakh beneficiaries, applications have come in far greater numbers. Under this initiative, the state government supports new business ventures with up to 90% of project costs as interest-free loans, capped at ₹5 lakh.
Is ITR or GST Mandatory for the ₹5 Lakh Loan?No, the scheme does not mandate Income Tax Returns (ITR) or a GST number. The Uttar Pradesh government has intentionally kept the rules simple so that more youth can benefit. Even if you’ve never filed ITR or don’t have a GST registration, you are still eligible to apply.
And since the scheme is designed for starting new businesses, GST registration is not required at the time of application.
What Are the Basic Eligibility Requirements?To apply under the CM Yuva Udyami Yojana, you must meet these basic criteria:
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Must be a resident of Uttar Pradesh
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Minimum 8th-grade education
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Must have technical knowledge of the business you plan to start
Note: If you don’t already have technical skills, you can take training through government programs such as:
PM Vishwakarma Yojana
ODOP Training Scheme
UP Skill Development Mission
If you already hold a diploma, certificate, or degree in a relevant trade, no additional training is needed.
Final ThoughtsThe CM Yuva Udyami Yojana is a golden opportunity for aspiring entrepreneurs in Uttar Pradesh. With no ITR or GST requirements, and simple eligibility rules, it opens the doors to self-employment and financial independence.
So, if you've been dreaming of starting your own venture, this might be the perfect time to take the first step!
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