Uttar Pradesh Yuva Udyami Vikas Abhiyan 2025: The state government is offering interest free loan to the individuals living in Uttar Pradesh and want to do start a new business. The government has recently conducted a meeting with officials and discussed chief minister Yuva udyami Vikas Abhiyan program. During the meeting with officials, chief Minister instructed many guidelines to the stakeholders including releasing a interest free loan to eligible individuals. So if you are also living in Uttar Pradesh and want to get financial assistance to establish your business then you can read this article which will help you to apply for interest free loan from your bank.
Uttar Pradesh Yuva Udyami Vikas Abhiyan 2025 Interest Free Loan
Yuva udymi Vikas Abhiyan is state government program running in Uttar Pradesh for youths to encourage them to start their new business. The program is Managing the training sessions for youths to teach them about the marketing strategies, product designing and other aspects of the business. At the end the program is offering up to 500000 loan amount without any interest to the verified youths under the chief minister Yuva udymi Vikas Abhiyan.
Rs 348 crore have been distributed
The program is inviting Banks in the state to provide the loan amount to eligible citizens living in Uttar Pradesh. According to the reports the government have distributed approximately Rs 348 crore rupees to 9013 youth. Apart from this other beneficiaries are also getting their amount as per the eligibility conditions. The Uttar Pradesh Yuva Udyami Vikas Abhiyan 2025 program will benefit total 1 lakh applicants in the state annually and is targeting to include 1000000 beneficiaries in the upcoming 10 years.
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Government order to strengthen loan distribution
In the latest meeting with CM Yogi Adityanath, the chief minister instructed to all the banks to complete the verification procedure and all the documentation in upcoming few days and continue to distribute loan amount to eligible individuals who want to start a new business in Uttar Pradesh. The loan amount will be provided to applicants in a specific districts where they are living. Currently the bank have released 348 crore rupees to applicants and now aiming to increase the distribution of the amount under loan program with 12% to 18% in the financial year 2016-27.
Eligibility criteria for Yuva Udyami Vikas Abhiyan 2025 Interest Free Loan
- Only permanent residence of Uttar Pradesh apply for the benefits of Uttar Pradesh Chief Minister Yuva udymi Vikas Yojana 2025.
- The minimum age of the applicant should be at least 21 years old and the maximum age of the individual should not be more than 40 years old.
- The candidate is required to complete at least 8th class from any recognise board in the state.
- The amount will be distributed to certified skilled individuals who have completed their certification from any government approved skill centre.
Loan amount under the Uttar Pradesh Yuva Udyami Vikas Abhiyan 2025
The payment will be released into two stages where 5 lakh rupees is scheduled in the first stage to all the applicants. They will get approximately 4 year duration to repay the loan amount with small EMI. Candidates are not required to provide any interest over the amount and collateral in This loan program.
However you repaid the loan amount to the bank under the time duration then you are able to apply for the payment in next phase for maximum 10 lakh. So it will allow you to upgrade your business.
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How to Apply for Yuva Udyami Vikas Abhiyan 2025 Interest Free Loan
If you are eligible to apply for the Uttar Pradesh Yuva Udyami Vikas Abhiyan 2025 Interest Free Loan then can submit the application form through online mode by following this is step by step procedure:
- Since the program is managing by the MEME so you need to visit on the official website of Uttar Pradesh MSME. https://cmyuva.iid.org.in/
- After that you will reach on the new page where you have to click on the link of start new business and provide your basic details in the application form
- It will ask you your personal details including name of the candidate, address details, contact information and business sector after that you need to click on the submit link
- Now you need to upload your certifications and all the important documents in the page
- After completing the verification your application form will be submitted and you can use the acknowledgement number to apply for the loan from any bank nearest to your locality. So they will provide the loan amount in your bank account directly under the program.