Mukhyamantri Yuva Udyami Vikas Abhiyan: Under the ‘Mukhmantri Yuva Udyami Vikas Abhiyan’, for the first time in Uttar Pradesh, a loan of up to Rs 5 lakh is being provided for 4 years without interest and guarantee to set up an industry.
There is good news for the youth who have passed the eighth standard. Now these youth will also be able to easily start their own business. In fact, to implement the employment mission of UP Chief Minister Yogi Adityanath, the MSME department has started a new scheme ‘Mukham Mantri Yuva Udmi Vikas Abhiyan’. For the first time in the state, a loan of up to Rs 5 lakh is being given for 4 years without interest and guarantee to set up an industry.
Economic experts, CAs and retired bank officers have been deployed in every district to help the youth from application to running the project, so that maximum youth can benefit from this scheme. Chief Minister Yogi will launch the ‘Mukham Mantri Yuva Udmi Vikas Abhiyan’ on UP Day on January 24.
Application and online application for the Business Idea Scheme can be made on the department’s website https://msme.up.gov.in . If you are not able to decide which business to start, 400 project reports and about 600 business ideas are also provided on the website to help you.
CA and bank officials will provide full support
Principal Secretary of MSME Promotion Department Alok Kumar said that the entire scheme has been made online. There is no ‘pick and choose’ system anywhere. To connect the youth with entrepreneurship, the department has deployed CAs and retired bank officials in every district, who will help the youth till the implementation of the project. Apart from this, to help the entrepreneurs, the MSME department is also going to deploy 2 CM Fellows and computer operators in every district. For the first time in the state, experts are being deployed to provide employment to the youth.
The department has implemented this scheme in 2 phases. A candidate who repays the entire principal/penal interest taken in the first phase will be eligible for the second phase. After this, he will be able to take loan for setting up projects up to Rs. 10 lakh. 50 percent interest subsidy will be given for 3 years on loan up to Rs. 7.5 lakh.
