The Mukhyamantri Yuva Udyami Vikas Abhiyan {MYUVA} scheme was launched by the state government to train one lakh young entrepreneurs annually in the state of Uttar Pradesh by offering interest-free financing for projects up to Rs 05 lakh. The state government hopes to increase the number of entrepreneurs in the state by encouraging young entrepreneurship through this scheme. In this post you get every necessary information regarding this scheme such as benefits, objectives, eligibility criteria, necessary documents and application procedure.
Mukhyamantri Yuva Udyami Vikas Abhiyan (MYUVA) Uttar Pradesh 2024
Yogi Adityanath, the state chief minister of Uttar Pradesh has promised to introduce the Mukhyamantri Udyami Vikas Abhiyan (MYUVA) scheme in the state. The program provides interest free financing to help young people launch their business ideas. The loan that has to be given is for Rs. 5 lakh. The government has budgeted Rs. 1000 Crore to aid in the scheme’s execution for the fiscal year 2024-2025.
Through this scheme, the government hopes to educate one lakh young entrepreneurs annually. With the help of this scheme, competent and educated young people around the state will feel more empowered and have more chances for self employment. Financial assistance is provided in collaboration with banks and other financial organizations.
Overview of Yuva Udyami Vikas Abhiyan (MYUVA) Uttar Pradesh 2024
Objective of Mukhyamantri Yuva Udyami Vikas Abhiyan (MYUVA) Uttar Pradesh
The main objective of the scheme is to promote entrepreneurship among the youth of the state of Uttar Pradesh. The Uttar Pradesh youth would benefit from the development of several employable skills under the scheme.
Udyogini Scheme for Women Entrepreneurs
Benefits of Mukhyamantri Yuva Udyami Vikas Abhiyan (MYUVA) Uttar Pradesh
The benefits of this scheme is given below:
- The selected candidates for the plan may be eligible for interest free project finance of up to Rs. 5 lakh.
- The Uttar Pradesh state government hopes to educate one lakh young entrepreneurs annually with the aid of this scheme.
- The youth of the state of Uttar Pradesh will be encouraged to pursue entrepreneurship through this scheme.
- Following the first loan’s successful repayment, the applicants are eligible to get benefits from a second loan up to Rs. 7.5 lakh.
- the people of Uttar Pradesh state can learn a variety of skills that will benefit them in the future with the aid of this programme.
Eligibility Criteria
The eligibility criteria of this scheme is given below:
- The applicant must live in the state of Uttar Pradesh.
- A diploma or degree from any type of educational institution is required of the candidate.
- The candidates can apply for a second loan following a successful initial loan repayment.
Required Documents
The required documents of this scheme is given below:
- Passport Size Photograph
- Aadhaar Card
- Ration Card
- Bank Account details
- Address Proof
- Mobile Number
Selection Procedure
- The candidates who meet the qualifying requirements will be chosen.
- For the candidate to be considered for the scheme, they must be a permanent resident of the state of Uttar Pradesh.
- For an applicant to be chosen for this scheme, they must be a young person.
- The only applicants that qualify for the scheme are those who are really interested in starting their own business.
- The applicant has to have all the necessary documents in order to be considered for this scheme.
Financial Assistance
- The chosen candidates would receive financial aid through interest-free loans up to INR 5 lakh through the UP Yuva Udyami Vikas Abhiyan (MYUVA).
Apply Online Mukhyamantri Yuva Udyami Vikas Abhiyan (MYUVA) Uttar Pradesh
- First you have to visit the Official Website of the scheme.
- The homepage will appear on your screen.
- Click on the Apply Here option.
- A new page will appear on your screen.
- Enter all the necessary details in the form.
- You have to upload all the necessary documents.
- Click on the submit button.
FAQ’s
The Yuva Udyami Vikas Abhiyan was introduced by the Uttar Pradesh State government (MYUVA).
The Uttar Pradesh State government launched the MYUVA on March 3.
The primary goal of the scheme is to inspire young people in the state of Uttar Pradesh to undertake business ventures.
The chosen candidates would receive interest-free loans up to INR 5 lakh under the scheme.