This scheme of Uttar Pradesh government has brought a great opportunity for the youth who want to start their own business. Under Mukhyamantri Yuva Udyami Vikas Abhiyan, 25,000 people will be given interest-free loan of up to ₹5 lakh.

Key Points:

1. Loan Features:

100% interest-free and guarantee-free loan for up to 4 years.

In the first phase, a loan of ₹5 lakh and in the second phase, a loan of up to ₹10 lakh will be given.

10% margin money subsidy of the project cost will also be given.

2. Eligibility:

Minimum qualification: Class 8th pass.

Age limit: 21 to 40 years.

Application has to be done online on MSME portal.

3. Margin Money Contribution:

General Category: 15%

OBC: 12.5%

SC/ST and Divyang: 10%

4. Business Ideas and Support:

300 business ideas of service and production sector have been shortlisted.

600 business ideas and 400 project reports are also available on MSME website which will help you in making a business plan.

5. Important Links:

To apply, visit: https://msme.up.gov.in

CM Yogi Adityanath has launched this scheme on UP Sthapna Diwas. If you want to become an entrepreneur, then this is a golden opportunity!