UP government to launch Mukhyamantri Yuva Udyami Vikas Abhiyan’ scheme to create entrepreneurship

In a major step towards empowering the youth of Uttar Pradesh and create entrepreneurship, the Yogi Adityanath government has decided to launch Mukhyamantri Yuva Udyami Vikas Abhiyan’ scheme. The cabinet meeting headed by Chief Minister Yogi Adityanath yesterday decided to implement the scheme under which 10 lakh micro units will be set up in the next 10 years. This initiative will provide financial help to 1 lakh educated and trained youth in state each year. Giving the details of the scheme to media after the cabinet meeting, Minister of Micro, Small and Medium Enterprises, Rakesh Sachan said that to apply for this scheme, applicants must have at least passed class eight, but those who have completed intermediate (class 12) will be given



preference. 

Applicants must also be trained under government schemes like Vishwakarma Shram Samman Yojana, One District One Product Scheme, and other skill development programs run by the Uttar Pradesh Skill Development Mission. The grant on loan will be provided on projects up to 5 lakh rupees in micro enterprises and service sector. For projects costing up to 10 lakh rupees, the rest of the funds must be arranged by the beneficiary. 

Special provisions have also been made in the scheme for the beneficiaries of Bundelkhand, Purvanchal and aspirational districts. The scheme also promotes digital transactions, offering an additional grant of Rupees 1 per transaction, with a maximum benefit of 2,000 rupees per year.