The Uttar Pradesh government has given a big gift to the unemployed young men and women. Under the Chief Minister Youth Entrepreneur Development Campaign, now youth can get financial assistance to start their own industry or service based business. The objective of this scheme is to make the youth self-reliant and create new employment opportunities.
Loan up to Rs 5 lakh without interest
The most special thing about this scheme is that eligible youth will be given interest free loan up to a maximum of Rs 5 lakh. Not only this, the government will also provide 10 percent subsidy of the project cost. This will reduce the burden of initial cost of starting a business to a great extent.
This initiative is especially beneficial for those youth who were not able to start their business due to financial constraints.
1800 youth will get employment
The district administration has set a target of providing employment to 1800 youth under this scheme. In this campaign run by the District Industry and Enterprise Promotion Department, priority is being given to businesses related to small industries, self-employment and service sector. This will not only provide employment to the youth, but will also accelerate economic activities at the local level.
How to apply?
Interested candidates can apply online for this scheme. The application process has been kept simple and transparent. Candidates can fill the application form by visiting MSME Uttar Pradesh Portal. It is important to apply on time because only a limited number of beneficiaries will be selected.
Eligibility conditions
Some necessary conditions have been set to avail the benefits of the scheme…
– Applicant must be a resident of Uttar Pradesh
– Age should be between 21 to 40 years
– Minimum educational qualification is Class 8 (Intermediate preferred)
– Skill training or certificate from a recognized institute
Apart from this, preference will be given to candidates associated with Vishwakarma Shram Samman Yojana, One District One Product Scheme or other government training programs.
Big step towards self-reliance
According to Deputy Commissioner Industries Dinesh Kumar Chaurasia, the objective of this scheme is to make the youth not job seekers but employment providers. This initiative is an important step towards strengthening the vision of ‘Self-reliant India’.
Chief Minister Youth Entrepreneur Development Campaign is emerging as a strong medium to give wings to the dreams of the youth. Starting a business is now easier than ever with interest-free loans and government grants. If you have a business idea, this is the right time to turn it into reality. The government said that this step has been taken as part of the country’s long-term economic and strategic plan.
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