CM Yuva Swarojgar Yojana: A Golden Opportunity for UP Youth, Get Financial Aid Up to ₹25 Lakh – Here’s How to Apply
If you are a resident of Uttar Pradesh and are looking for a job, the CM Yuva Swarojgar Yojana could be a fantastic opportunity for you. Under this scheme, the state government offers financial assistance of up to ₹25 lakh to eligible youths, at very low-interest rates. Additionally, if you perform well, the government may also provide subsidies. This initiative not only aims to provide employment but also enables you to take your education and career to the next level. Let’s explore how you can benefit from this scheme.
Scheme Distribution: Loans Offered in Two Categories
The CM Yuva Swarojgar Yojana is divided into two main categories. If you wish to start a business in the service sector, you can avail a loan of up to ₹10 lakh. If you want to invest in a trade or business, you can get a loan of up to ₹25 lakh. However, there are certain conditions to be met for eligibility. The scheme is available only to those who are benefitting from the “One District, One Product” (ODOP) scheme. Moreover, the government also provides a subsidy on these loans, which could make it even more beneficial for you.
Key Eligibility Criteria
The primary objective of the CM Yuva Swarojgar Yojana is to make the youth of Uttar Pradesh self-reliant. Under this scheme, you will not have to pay any interest for a few years after receiving the loan, allowing your business to establish itself. Once your business is running smoothly, you will have to repay the loan at a low-interest rate. Additionally, the government provides a subsidy of up to 25% on the loan amount, making this scheme even more attractive for aspiring entrepreneurs.
Eligibility Criteria to Avail the Scheme:
To benefit from this scheme, the following eligibility criteria must be met:
- The applicant must have passed at least 10th grade (Matriculation).
- Only one member from a family is eligible to apply for the loan.
How to Apply?
The application process for this scheme is quite simple, and you can apply both online and offline. If you want to apply online, visit the official website of the department (upsdc.gov.in), fill in all the required information, and then submit the hard copy of the form to the respective District Industry Center.
If you prefer to apply offline, you will need to get the application form from your District Industry Center, fill it out, and submit it there.
After submitting the application, the verification process will be conducted within approximately 10 to 25 days. Once verified, eligible applicants will be invited for the loan disbursement.
The Uttar Pradesh Government’s CM Yuva Swarojgar Yojana offers a golden opportunity for the youth. If you are planning to start a career in the business or service sector, this scheme can serve as a valuable financial resource. With low-interest rates and subsidy benefits, this scheme provides you with the chance to turn your dreams into reality.
