The Uttar Pradesh government has launched a new scheme called the Mukhyamantri Yuva Udyami Abhiyan Yojana. This scheme is made for young people. They will get interest-free loans. The loan can be up to Rs. 5 lakh. No guarantee or collateral is needed. The scheme helps young men and women start their own businesses. It is for those between 21 and 40 years old. The aim is to make them self-employed. They can grow their own work without worrying about high interest rates. Many people will be helped through this scheme and will become independent and be given new opportunities.
About MYUVA
The Mukhyamantri Yuva Udyami Vikas Abhiyan (MYUVA) Scheme was launched by the Chief Minister of Uttar Pradesh, Mr. Yogi Adityanath, to support the young citizens of the state. Under this scheme, an industry loan of up to Rs. 5 lakh is provided to eligible applicants, which can be used to start their business in any field. The loan is given without the need for any collateral or guarantee, making it easier for youth to become entrepreneurs. The Uttar Pradesh government aims to provide entrepreneurship opportunities to a total of 1 lakh young people, which will help them become self-employed. This scheme is an important step to make the youth of Uttar Pradesh independent and provide them with new opportunities.
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Motive of UP Govt Interest Free Loan Scheme
The motive of the UP Government Interest-Free Loan Scheme is to help young people start their own businesses. This scheme is made for those who want to become entrepreneurs. Loans are given without any interest, so the burden is less. The youth of Uttar Pradesh will be able to build their own work. It aims to make them independent, and this will also create new job opportunities. The scheme will help many young people to grow.
Key Highlights of UP Govt Interest Free Loan Scheme
| Name of the Scheme | UP Govt Interest Free Loan Scheme |
| Launched by | CM Yogi Adityanath Sir |
| State | Uttar Pradesh |
| Scheme Name | MYUVA Scheme |
| Loan Amount | Up to Rs. 5 lakh |
| Interest Rate | No interest taken |
| Age Limit | 21 to 40 years |
| Qualification | Passed class 8 or more |
| Skill Proof | A certificate or diploma is needed |
| Collateral | No guarantee is needed |
| Application Mode | Online through the website |
| Objective | To help youth start a business |
| Official Website | CM Yuva Website |
Eligibility Criteria
The eligibility criteria for the UP Government Interest Free Loan Scheme are as follows:
- Applicant must be a permanent resident of Uttar Pradesh.
- Applicants must be between 21 and 40 years old.
- A minimum of an 8th-grade pass or its equivalent is required.
- A certificate, diploma, or degree related to skills from a recognized institute or university is necessary.
- The applicant should not be availing benefits from any other central or state government scheme involving interest or capital subsidy, except the PM SVANidhi Scheme.
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Benefits of UP Govt Interest Free Loan Scheme
The benefits of the UP Government Interest Free Loan Scheme are as follows:
- Loans of up to Rs. 5 lakh are given to eligible individuals without any interest.
- The loan does not require any collateral or guarantee, making it accessible for many young people.
- It helps young people start their own business and become independent without worrying about the high costs of borrowing.
- The scheme allows more young citizens to take the step towards entrepreneurship and create new job opportunities.
- This initiative provides a chance for young people to grow their own businesses and contribute to the economy.
Required Documents
The documents that are required to apply for the UP Government Interest Free Loan Scheme are as mentioned below:
- Aadhaar Card
- Proof of Identity
- Proof of Residence
- Educational Certificates
- Skill Certification
- Bank Account Details
Salient Features
The UP Government Interest Free Loan Scheme has various important features, which are as follows:
- The scheme provides an industry loan of up to Rs. 5 lakh to eligible applicants, helping them kickstart their business without financial pressure.
- The loan can be used for any type of business, offering a wide range of options for young entrepreneurs to explore.
- No collateral or guarantee is required, making it easier for applicants to access the funds without needing assets to back the loan.
- The application for this loan can be done through an easy online process, ensuring that more people can apply without facing many hurdles.
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UP Govt Interest Free Loan Scheme Registration?
To do Registration under the UP Govt Interest Free Loan Scheme, please follow these below mentioned steps below carefully:
- Step 1: All the interested eligible citizens of Uttar Pradesh are requested to visit the CM Yuva Website to do registration.
- Step 2: On the homepage of the official website, applicant should click on “Register” button to register yourself under the scheme.
- Step 3: You will see the registration form appeared in front of your screen, you have to fill out the registration form carefully to proceed further.
- Step 4: Attach the required documents as instructed in the registration form to complete the registration.
- Step 5: Review the form carefully, check for errors in the form, and finally click on the “Submit” button to complete the registration process.
Helpline Number
- Helpline: +91 9129-9871-11
FAQs
How much loan is given under this scheme?
A maximum loan of Rs. 5 lakh is given. It is interest-free and helps young people to start their own business without needing to pay extra interest money.
What is the aim of this loan scheme?
The aim is to support the youth of Uttar Pradesh by giving them money to start small businesses so they can earn by themselves and become self-dependent in life.
Is a skill certificate important for applying?
Yes, it is necessary. The applicant must have a certificate, diploma, or degree related to a skill from a recognized training center, college, or university before applying.
How can someone apply for the loan?
Applicants can visit the official website, click on “Register,” fill out the online form, upload documents, and finally submit it. This completes the registration process under the scheme.
Who can apply for the UP Govt Interest Free Loan Scheme?
Young people of Uttar Pradesh, aged 21 to 40 years, who have passed at least class 8 and meet the conditions, can apply for the interest-free loan scheme.