Govt Scheme: Government is giving loan of Rs 5 lakh without guarantee and without interest, 8th pass should apply

By Sandy Verma On Dec 27, 2025

Govt Scheme: Center And State governments Poor And medium Social class To Self-reliance make Of For Continuous New plans la Has been. In this series, Uttar Pradesh government has started a very important scheme for the youth and needy families. of Under which to start business without interest and without any guarantee Loan be given remained Is.

What is the name of the scheme?

The name of this scheme is Chief Minister Youth Entrepreneur Development Campaign (MYUVA) Is. The objective of this ambitious scheme of Yogi government is to educate more and more youth in the state. self employment To inspire.

Without without interest and guarantee will get Loan

MYUVA Under the scheme, loans up to Rs 5 lakh are given to eligible youth. No interest to be paid on this loan will be And no guarantee of any kind is asked. The loan period was kept at four years Is,

8can also pass class 10th Application

The special thing about this scheme is that That Its For It is not necessary to be highly educated. Applicant’s age should be 21 to 40 years between to be Needed, The minimum educational qualification has been fixed as 8th pass. any recognition get from the institute skill It is necessary to have a training certificate or degree. PM Swanidhi Plan To except applicant any other center or state Government of subsidy Or Not taking benefit of interest bearing scheme.

objective of the plan

MYUVA The main objective of the scheme is to make the youth self-reliant and encourage them to start their own business. Government Of Target Is that 10 years In 10 Lakh youth To self employment be made available, So that State From New Entrepreneurs can come forward.

How to apply

for this scheme Application The process is completely online.

First of all msme.up.gov.in portal Apply online by visiting.

Application of Test District Industry Incentive And entrepreneurship Development Center will do.

Test Of After this the application will be sent to the bank.

The amount will be released after the loan is approved by the bank.

How much will you have to contribute?

Although the loan is without interest and guarantee, the applicant will have to make some contribution. in which 15% to general category, 12.5% to OBC, SC/ST And to the disabled 10% will have to be paid.

subsidy also benefit of

Government under this scheme project 10% on cost margin money also gives IsIf the business runs successfully for two years, it margin money subsidy It is converted into, that is, it will not have to be returned.