UP government's plan offers interest-free loans up to Rs 5 lakh without guarantees; who is eligible and how to apply
Mukhyamantri Yuva Udyami Abhiyan Yojana: To expand self-employed opportunities for young Indians, the Uttar Pradesh government is offering interest-free loans under Mukhyamantri Yuva Udyami Abhiyan Yojana. In this scheme, people will receive interest-free loans of up to Rs 5 lakh without any mortgage or guarantee.
What is the purpose of Mukhyamantri Yuva Udyami Abhiyan Yojana?
The program aims to empower young men and women aged 21 to 40 by encouraging them to start their own businesses.
Mukhyamantri Yuva Udyami Abhiyan Yojana: Qualifications
Young people aged 21 to 40 are eligible for the program.
age: Between 21 and 40 years.
Educational Qualifications: At least 8th grade or equivalent pass.
Skill Certification: A certificate, diploma or degree is related to the skills of a recognized institute or university.
Exclusiveness of interests: In addition to the PM Svanidhi program, applicants should not receive benefits from any other central or state government program (involving interest or capital subsidies).
Mukhyamantri Yuva Udyami Abhiyan Yojana: Documents required for this program
Skills Files
- Skills Certificate/Training Certificate
- Computer training certificate
- ITI's training certificate
Project Documents
- Project Report
- GST registration (optional)
- UDYAM Registration (optional)
Personal documents
- PAN card
- Certificate of residence for a given address (certificate issued by the Councillor/village chief/ward member)
- Contact the loan bank history (copy of the first page of the current/savings account pass for the bank branch)
- Notarization affidavit
- Educational Qualification Certificate
- Proof of age
- sign
- photo
Mukhyamantri Yuva Udyami Abhiyan Yojana: Key Highlights of the Program
– Self-employed opportunities for 100,000 young people each year, and a total of 1 million young people in 10 years.
– No interest and unsecured loans for industrial/service projects up to Rs 5 lakh.
– A 10% margin grant for project costs.
– For young people aged 21 to 40
