Mukhyamantri Yuva Udyami Abhiyan Yojana: In order to expand self-employment opportunities for young people in India, the Uttar Pradesh government is offering interest-free loans under the Mukhyamantri Yuva Udyami Abhiyan Yojana. In this scheme, people will get up to Rs 5 lakh interest-free loans without requiring any collateral or guarantee.

What is the aim of Mukhyamantri Yuva Udyami Abhiyan Yojana?

This scheme aims to empower young men and women aged between 21 and 40 years by encouraging them to start their own businesses. 

Mukhyamantri Yuva Udyami Abhiyan Yojana: Eligibility

Youth aged 21 to 40 years, with a minimum educational qualification of 8th grade, and a skill training certificate from a recognised institution, are eligible for this scheme.

Age: Between 21 and 40 years.
Educational Qualification: Minimum 8th grade pass or equivalent.
Skill Certification: Certificate, diploma, or degree related to skills from a recognized institute or university.
Exclusivity of Benefits: 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.

Mukhyamantri Yuva Udyami Abhiyan Yojana: Required documents for the scheme

Skill Documents

• Skill Certificate / Training Certificate
• Computer Training Certificate
• Training Certificate from ITI

Project Documents

• Project Report
• GST Registration (Optional)
• Udyam Registration (Optional)

Personal Documents

• PAN Card
• Proof of residence duration at the given address (Certificate issued by Councillor / Village Head / Ward Member)
• Contact history with the lending bank (Copy of the first page of current/savings account passbook from the concerned bank branch)
• Notarized Affidavit
• Educational Qualification Certificate
• Age Proof
• Signature
• Photograph

Mukhyamantri Yuva Udyami Abhiyan Yojana: Key highlights of the scheme

– Self-employment opportunities for 1 lakh youth every year, totaling 10 lakh youth over 10 years.
– Interest-free and collateral-free loans for industrial/service projects up to Rs 5 lakh.
– 10% margin money grant on the project cost.
– For youth aged 21 to 40 years