Here’s a good opportunity for the youth of Uttar Pradesh to be an entrepreneur as the Government of Uttar Pradesh has launched the Mukhyamantri Yuva Udyami Vikas Abhiyan (MYUVA) specially for youth of the state. Under this scheme the government will provide interest free loans to the selected applicants to start their own business. This scheme is recently been launched by the government, so the authorities has not released its official website. To know more about this scheme continue to read the article till the end. In this article we will discuss about this Scheme in details including Key Highlights, Objectives, Benefits & Features, Eligibility Criteria, Required Documents, Application Procedure, etc.
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About Mukhyamantri Yuva Udyami Vikas Abhiyan (MYUVA) Uttar Pradesh 2024
Chief Minister of Uttar Pradesh State Yogi Adityanath is assured to launch the “Mukhyamantri Yuva Udyami Vikas Abhiyan (MYUVA)” scheme in Uttar Pradesh. This project offers interest free loans to assist the youth to kick start their business projects. The amount of loan to be provided is Rs. 5 Lakh. The Government has allocated Rs. 1000 Crore in the budget for the financial year 2024-25 to support in the implementation of the scheme. The government aims to prepare one lakh young entrepreneurs every year through this scheme. This initiative is designed to empower educated and skilled youth across the state making possible way for self-employment opportunities. Financial support is provided in collaboration with banks and other financial institutions.
Key Highlights of Mukhyamantri Yuva Udyami Vikas Abhiyan (MYUVA) Uttar Pradesh
| Name of the Scheme | Mukhyamantri Yuva Udyami Vikas Abhiyan (MYUVA) |
| Launched By | Government of Uttar Pradesh |
| Announced By | Chief Minister of Uttar Pradesh Yogi Adityanath |
| Objective | To provide financial assistance |
| Beneficiaries | Youth of Uttar Pradesh |
| Benefit | Interest-free loan of up to Rs. 5 lakh to start own business |
| State | Uttar Pradesh |
| Mode of Application | Online/Offline |
| Application form | To be released soon |
| Official Website | To be released soon |
| More Updates | Click Here |
Objectives of Mukhyamantri Yuva Udyami Vikas Abhiyan (MYUVA)
Objectives of Mukhyamantri Yuva Udyami Vikas Abhiyan 2024 are as follows:
- The primary objective of the scheme is to provide the financial assistance to the youth of the state.
- Another objective of launching the Mukhyamantri Yuva Udyami Vikas Abhiyan 2024 is to encourage the youth of Uttar Pradesh state to start their own business.
- This scheme aims to provide interest free loan of up to Rs. 5 lakh.
- The government aims to prepare one lakh young entrepreneurs every year through this initiative.
- The scheme aims to provide the necessary assistance to young entrepreneurs and enhance the state’s economy.
Benefits & Features of Mukhyamantri Yuva Udyami Vikas Abhiyan (MYUVA)
Some benefits & features of the Yuva Udyami Vikas Abhiyan are as follows:
- The government will provide interest free loan to the youth of the state to start their own business.
- Government aims to prepare one lakh young entrepreneurs every year under this scheme.
- The scheme will encourage the youth of Uttar Pradesh to be an entrepreneur.
- Under this scheme employment opportunities will be provided.
- MSMEs (Micro, Small and Medium Enterprises) will also be promoted to empower the youth along with skill training.
- Those who wants to start their own business or already doing business will be provided the benefit under this scheme.
- Under this scheme the government has passed a budget of about Rs. 1000 Crore in the financial year of 2024-25.
- Government will provide interest free loan of up to Rs. 5 Lakh to the one lakh young entrepreneurs every year.
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Eligibility Criteria
To avail the benefit under this scheme you should fulfil these eligibility criteria:
- Applicants must be permanent resident of Uttar Pradesh State.
- Applicants must have a diploma or degree from any educational institute.
- Micro units in the industry and service sector with a maximum project cost of up to Rs. 5 Lakh are eligible.
Required Documents
To avail the benefit under Yuva Udyami Vikas Abhiyan, candidates should have these following documents:
- Aadhar Card
- PAN Card
- Address Proof
- Project Documents
- Income Certificate
- Caste Certificate
- Birth Certificate
- Educational Qualification Certificate
- Bank Passbook
- Email ID
- Mobile Number
Application Procedure for Mukhyamantri Yuva Udyami Vikas Abhiyan (MYUVA)
Application Procedure of Mukhyamantri Yuva Udyami Vikas Abhiyan 2024 is not known yet as this scheme is recently launched by the Uttar Pradesh Government. Interested individuals are advised to stay updated through official channels to get the Mukhyamantri Yuva Udyami Vikas Abhiyan Application Form. Once the website is operational applicants can submit their applications online, seizing the opportunity to access interest free loans for self-employment ventures. As soon as we get any update regarding this Scheme we will update it here. So stay connected with us for latest updates.
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FAQs
Mukhyamantri Yuva Udyami Vikas Abhiyan Yojana is an initiative started by Chief Minister of Uttar Pradesh Yogi Adityanath to help youth of the state by offering interest free loans to start their own business.
The primary objective of the scheme is to empower educated and trained young individuals and to encourage the youth of Uttar Pradesh state to start their own business.
The scheme will provide interest free loans to establish micro-units in industry and service sectors. It also offers grants to promote digital transactions modernizing entrepreneurial processes.
Native residents of Uttar Pradesh who have a diploma or degree from any educational institute within the state.
The application process will be conducted online. However, the official website for application is yet to be launched.
The Government has allocated Rs. 1000 Crore in the budget for the financial year 2024-25.
Government will provide interest free loan of up to Rs. 5 Lakh to the one lakh young entrepreneurs every year.
Uttar Pradesh State Government launched the Mukhyamantri Yuva Udyami Vikas Abhiyan (MYUVA).