Uttar Pradesh Chief Minister Yogi Adityanath said on Friday that under the 'Yuva Udyam Vikas Abhiyan', more than 3 lakh young entrepreneurs have been registered so far and loans of more than 32 thousand youth have been approved. CM Adityanath addressed the youth from all the districts of Ayodhya Mandal during the loan distribution program under the Yuva Udyam Vikas Abhiyan. He said that this loan has been approved to become a support for the youth in taking the business forward. Do you know what is Mukhyamantri Yuva Udyam Yojana Vikas Abhiyan? Let us tell you about this special initiative.

What is Mukhyamantri Yuva Udyam Vikas Abhiyan

Under the Mukhyamantri Yuva Udyam Yojana Vikas Abhiyan (CM-Yuva) in UP, the government plans to give an interest-free loan to the beneficiary to start a business of up to Rs 5 lakh. There are many features related to this…

-Providing self-employment opportunities to 1 lakh youth per year and a total of 10 lakh youth in 10 years.

-Age between 21 and 40 years, minimum educational qualification of 8th pass and skill training certificate from a recognized institute.

-100% interest-free and guarantee free loan is available for industries/service projects up to Rs. 5 lakh

-A 10% margin money grant is also given on the project cost.

Eligibility conditions

-The age of the applicant should be between 21 and 40 years.

-Under educational qualification, the applicant should be at least an 8th pass or equivalent.

-Skill-related certificate, diploma, or degree from a recognized institute or university.

-The applicant should not be getting the benefit of any other central or state government scheme (which includes interest or capital component).

After fulfilling the above conditions, the applicant can apply for a loan under this scheme on the UP government website (https://cmyuva.iid.org.in/home) with the necessary documents.

He said that soon after the launch of the portal, this scheme got support from the youth of Uttar Pradesh. More than three lakh registrations have been done so far, in which the forms of more than one lakh 27 thousand youth have been sent to the banks after screening. In this, bank loan have been approved for more than 32 thousand youths.

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