Empowering youth in Uttar Pradesh to become entrepreneurs with interest-free loans and government subsidies.
🎯 Objective of the Scheme
The Chief Minister Youth Self-Employment Scheme aims to:
Promote self-employment among educated but unemployed youth.
Reduce dependency on government jobs.
Support micro, small, and medium enterprises (MSMEs).
Create job opportunities in both rural and urban areas.
Give priority to women, SC/ST/OBC, minorities, and differently-abled individuals.
đź’Ľ Loan Details
Industry Sector: Loan up to â‚ą25 lakh.
Service Sector: Loan up to â‚ą10 lakh.
Interest: Currently minimal; soon to become interest-free.
Subsidy: 25% of project cost (up to â‚ą6.25 lakh for Industry and â‚ą2.5 lakh for Services).
Own Contribution (Margin Money):
General category: 10%
SC/ST/OBC/Minorities/Women/Disabled: 5%
âś… Eligibility Criteria
Age: 18 to 40 years.
Education: Minimum 10th pass.
Must be a permanent resident of Uttar Pradesh.
Should not have availed benefits of any similar scheme earlier.
No history of loan default from any bank.
đź“‘ Documents Required
Aadhaar card
Domicile certificate (UP)
Caste certificate (if applicable)
Educational certificate (minimum 10th pass)
Bank passbook copy
Passport size photo
Income certificate
Ration card copy
Self-declaration affidavit (notarized)
đź“ť How to Apply Online
Visit the official portal: https://www.niveshmitra.up.nic.in
Register with name, email ID, and phone number.
Login using your new credentials.
Choose “Mukhyamantri Yuva Swarozgar Yojana” from the service list.
Fill out the application form and upload required documents.
Submit the application online.
Your application will be forwarded to banks for verification and approval.
đź’ˇ Benefits of the Scheme
Enables even 10th-pass individuals to start their own business.
Up to â‚ą25 lakh loan with subsidy and minimal initial investment.
No interest to be charged soon (as per the upcoming revision).
Opportunity to grow and employ others.
