Yogi government’s great scheme for the youth, they will get interest free Rs 5 lakh to start their own employment.

CM Yuva Udyami Vikas Abhiyan: If you live in UP and want to start your own business but due to financial constraints you are not able to start your business, then there is no need to worry now. Because Yogi government is providing financial assistance of Rs 5 lakh to start your own business or startup. For which you will not even have to pay interest. Actually, we are talking about CM Yogi Adityanath’s ‘Mukhyamantri Yuva Udyami Vikas Abhiyan’ scheme. Yogi government is running this scheme for those youth who want to start their own employment. But due to money they are not able to start their business.

Know what is CM Youth Entrepreneur Development Campaign?

Let us tell you that the most special thing about this scheme of Yogi government is that in this the youth get loan to start their own business and that too interest free. Also, for this you will not have to give any guarantee to anyone. Its main objective is to help the youth financially as well as make them successful entrepreneurs. Through this scheme, the government wants to connect 10 lakh youth with self-employment in the next 10 years. That means Yogi government will give the benefit of this scheme to about 1 lakh youth every year.

Know how much you will get under this scheme

This scheme of Yogi government has been divided into two phases. In the first phase, loans up to Rs 4.5 lakh are given for projects up to Rs 5 lakh. The biggest relief in this is that there is a process to repay the loan. Under the scheme, there is a relaxation in loan repayment for the first 6 months. If the beneficiary successfully gives the first loan, he also gets a loan up to Rs 10 lakh in the second phase. On which up to 50 percent interest subsidy is also available.

Know what is the eligibility for CM Youth Entrepreneur Development Campaign?

This scheme has been run mainly for the youth of Uttar Pradesh. That means only the people of Uttar Pradesh can get the benefit of this scheme. The age of the candidate should be between 21 to 40 years. Whereas he has passed at least 8th class examination. Apart from this, the candidate should have skill certificate, diploma or any degree.

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Under this scheme, apart from the government, the beneficiary has to invest according to his category. That means the general category has to contribute 15 percent, OBC 12.5 percent and SC-ST and disabled people have to contribute only 10 percent. Let us tell you that under this scheme, apart from loans, the government also provides necessary training and guidance to the youth, so that they can run their business successfully.

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