The increasing unemployment in the country is a matter of concern, which not only troubles the illiterate but is also a cause of trouble for the educated youth, finding a solution to this problem, the central and state governments have taken several initiatives aimed at promoting self-reliance and encouraging entrepreneurship. One such scheme is the Mukhyamantri Yuva Swarojgar Yojana launched by the Uttar Pradesh government, let's know the complete details about it-

Objective: The primary goal of this scheme is to motivate educated youth to become self-employed by starting their own business or start-ups.

Financial assistance:

The government provides loans up to ₹ 25 lakh for industrial ventures.

For service sector businesses, loans up to ₹ 10 lakh are available.

A 25% subsidy is given on the loan amount, which reduces the financial burden on young entrepreneurs.

Eligibility Criteria:

Applicants must have the required documents including Aadhaar card, ration card, income certificate and bank account details.

It is important to ensure that you meet the eligibility requirements to benefit from this scheme.

Application Process: Interested youth can apply for this scheme by visiting the official website of the Directorate of Industries and Enterprise Promotion of the Uttar Pradesh government: diupmsme.upsdc.gov.in. The website also provides helpline numbers for assistance.