Uttar Pradesh Mukhyamantri Yuva Swarojgar Yojana

Scheme Introduction: A Brief Overview

Starting a business often requires significant financial investment, which can be a major challenge for educated unemployed youth. To address this issue and promote entrepreneurship across the state, the Government of Uttar Pradesh launched the Mukhyamantri Yuva Swarojgar Yojana. The scheme aims to transform job seekers into job creators by providing financial support for establishing new manufacturing and service-based enterprises.

Under the scheme, eligible applicants can avail bank loans of up to ₹25 lakh for manufacturing units and ₹10 lakh for service sector enterprises. In addition, the State Government provides margin money assistance of up to 25% of the project cost, helping entrepreneurs reduce their initial financial burden. This assistance is converted into a grant after the successful operation of the enterprise for two years, making the scheme highly beneficial for first-time business owners.

The scheme not only helps young people start their own ventures but also encourages the creation of new employment opportunities within local communities. By supporting micro and small enterprises, the initiative contributes to economic growth, industrial development, and self-reliance in Uttar Pradesh. The scheme is implemented by the MSME and Export Promotion Department, Government of Uttar Pradesh.

Entrepreneurs seeking additional financial assistance and business development opportunities may also explore the Uttar Pradesh Chief Minister Yuva Udhyami Vikas Abhiyan (CM-YUVA), which provides interest-free and collateral-free loans of up to ₹5 lakh along with margin money support for new enterprises. Similarly, the Uttar Pradesh Mukhyamantri Gramoudhyog Rozgar Yojana offers bank-linked financial assistance of up to ₹10 lakh for setting up village and rural industries. These schemes complement the Mukhyamantri Yuva Swarojgar Yojana and provide aspiring entrepreneurs with multiple pathways to establish and expand their businesses.

Scheme Benefits

• Loan up to ₹25 lakh for manufacturing/industrial projects.
• Loan up to ₹10 lakh for service sector projects.
• Government provides 25% margin money assistance on the project cost.
• Maximum margin money of ₹6.25 lakh for manufacturing units.
• Maximum margin money of ₹2.50 lakh for service sector units.
• Margin money can be converted into a grant/subsidy after two years of successful business operation.
• Encourages self-employment and entrepreneurship among youth.
• Helps generate additional employment opportunities.
• Financing is available through nationalized banks, regional rural banks, and scheduled banks.

Eligibility Requirements

• Applicant must be a permanent resident of Uttar Pradesh.
• Age should be between 18 and 40 years.
• Minimum educational qualification should be High School (10th Pass) or equivalent.
• Applicant should not be a defaulter of any bank, financial institution, or government institution.
• Applicant should not have previously availed benefits under PMRY, PMEGP, Chief Minister Employment Scheme, or any similar self-employment scheme of the Central or State Government.
• Only one member of a family can avail benefits under the scheme.
• Applicant must submit an affidavit confirming fulfillment of eligibility conditions.

Required Documents

• Aadhaar Card
• Voter ID Card or other identity proof
• Age proof
• Residence/Domicile Certificate
• Caste Certificate (if applicable)
• Disability Certificate (if applicable)
• Affidavit regarding eligibility conditions
• Passport-size photograph
• Any other documents required by the concerned authority.

Financial Assistance Details

Beneficiary Contribution

• General Category applicants must contribute 10% of the project cost.
• SC, ST, OBC, Minority, Women, and Persons with Disabilities need to contribute only 5% of the project cost.

Selection Process

• Applications are scrutinized by the concerned authorities.
• Selection is carried out through an interview conducted by the District Working Group Committee headed by the District Magistrate.
• Recommended applications are forwarded to banks for financing.
• The bank evaluates the technical and economic feasibility of the project before sanctioning the loan.

Steps to Apply

• Applicants needs to visit the official portal of the Directorate of Industries and Enterprise Promotion, Uttar Pradesh.
• Go to the homepage, scroll down a little and you will find the Government Schemes section.
• There you will find the Mukhyamantri Yuva Swarojgar Yojana - read through it carefully to confirm the eligibility criteria and other details of the scheme.
• Once you are done reading, click on the Apply button given there.
• It will take you to the Nivesh Mitra website, which is the official portal of the Uttar Pradesh government for such applications.
• On the Nivesh Mitra website, you need to register yourself - you can check the full Registration and Application process and follow it step by step to submit your application.
• The applicant must complete the registration process by providing personal details, educational qualifications, business information, and uploading the required documents.
• After submission, the application is reviewed by the concerned authorities.
• Eligible applications are forwarded to the financing bank for loan approval and disbursement.

Exclusions and Important Conditions

• The scheme benefit can be availed only once by a family.
• Defaulters of banks or financial institutions are not eligible.
• Applicants who have already received benefits under similar self-employment schemes are not eligible.
• Land purchase cost is not included in the project cost.
• Special category applicants must attach valid certificates issued by competent authorities.

Relevant Links

• Details About the UP Mukhyamantri Yuva Swarojgar Yojana Scheme at The Offcial portal
• Offcial Portal of Nivesh Mitra
• Uttar Pradesh Mukhyamantri Yuva Swarojgar Yojana Official Guidelines
• Offcial Oders of Uttar Pradesh Mukhyamantri Yuva Swarojgar Yojana
• Registeration Manual
• Application Manual
• Common Application Maual

Contact Information

• Nodal Agency: Nivesh Mitra, Invest UP
• Office Address: PICUP Bhawan, Block A, 4th Floor, Vibhuti Khand, Gomti Nagar, Lucknow, Uttar Pradesh
• Helpline Number: 05226923000
• Working Hours: 9:30 AM to 6:00 PM (Monday to Saturday, on working days)
• Email ID: [email protected]