CM-Yuva: Is starting your own business your ultimate goal? Do you have a solid idea and a plan to make it happen? Are you eager to become an entrepreneur instead of working for someone else and create jobs for others? If you answered ‘yes’ to all these questions and you’re from Uttar Pradesh, then get ready to soar! The UP government is offering you an incredible opportunity.
Chief Minister Yuva Udyami Yojana Vikas Abhiyan
The government is committed to supporting the youth of Uttar Pradesh in becoming self-sufficient. Through the Chief Minister Yuva Udyami Yojana Vikas Abhiyan (CM-Yuva), you can launch a business with funding of up to Rs 5 lakh. You’ll receive an interest-free loan with no collateral required. Plus, you won’t have to worry about any EMI payments for the first six months. After you repay the initial loan, the government will even provide additional funding to help you grow your business.
Over 650 business options available
What’s great about this initiative is that you don’t need to have a high level of education to qualify. Even if you’ve only completed eighth grade, you can still apply for a loan. With over 650 business options available, aside from a few restricted sectors, you have plenty of choices. The UP government has launched the Chief Minister Yuva Udyami Vikas Abhiyan (CM-Yuva) to help young people achieve their dreams of self-employment. If you’re looking to start your own venture, the government will facilitate an interest-free loan and also provide training for your chosen field.
Program aims to inspire the youth
The program aims to inspire the youth of Uttar Pradesh by offering quality training, assisting individuals aged 21 to 40 in establishing their businesses, and creating self-employment for 1 lakh people annually, with a goal of generating 10 lakh self-employment opportunities over the next decade. You’ll receive an interest-free loan to kickstart your business, and the repayment terms are quite manageable. Additionally, the government will cover 10% of your project costs.