Mukhyamantri Yuva Udyami Abhiyan Yojana: Looking to start your own business? UP Government’s Mukhyamantri Yuva Udyami Abhiyan Yojana offers ₹5 lakh interest-free loans with no guarantee. Learn eligibility, documents, benefits & how to apply here.
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Introduction: A Golden Opportunity for Young Entrepreneurs
The Mukhyamantri Yuva Udyami Abhiyan Yojana launched by the Uttar Pradesh government is a game-changer for young people who want to start their own businesses. Through this scheme, eligible youth can get interest-free loans of up to ₹5 lakh without providing any collateral or guarantee.
The aim? To empower and support over 1 lakh young entrepreneurs every year by promoting self-employment and startup culture in Uttar Pradesh. Whether you’re in a village or a city, if you have a solid business idea and a skill certificate, this scheme could be your chance to shine.
Who is Eligible?
To apply for the Mukhyamantri Yuva Udyami Abhiyan Yojana, you need to meet these criteria:
- Age: Between 21 and 40 years
- Education: Minimum 8th-grade pass
- Skill Certification: A certificate, diploma, or degree from a recognized institute
- No Double Benefit: You should not be availing of any other central or state government subsidy scheme, except for the PM SVANidhi Yojana
Required Documents
Here’s what you need to apply:
Skill Documents:
- Skill or training certificate
- Computer training certificate (if applicable)
- ITI certificate (if applicable)
Project Documents:
- Business/project report
- GST Registration (optional)
- Udyam Registration (optional)
Personal Documents:
- PAN card
- Age proof
- Education certificate
- Passport-size photograph
- Address proof (verified by village head/councillor)
- Bank passbook (first-page copy)
- Notarized affidavit
- Signature sample
Benefits of Mukhyamantri Yuva Udyami Abhiyan Yojana
Let’s look at the top benefits you get:
✅ Interest-Free Loan up to ₹5 Lakh
You don’t have to pay any interest on your business loan.
✅ No Guarantee or Collateral Required
Yes, you heard that right — no need for property papers or a guarantor.
✅ 10% Margin Money Grant
The government will give 10% of your project cost as a free grant.
✅ Support for 1 Lakh Youth Annually
Over 10 lakh youth will benefit in the next 10 years.
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How to Apply?
You can apply online or offline.
Online Application Steps:
- Visit the official UP MSME portal: https://msme.up.gov.in
- Register yourself and fill in the application form.
- Upload all the required documents.
- Submit your form.
- The concerned bank and department will review your application.
- If approved, the loan amount will be transferred directly to your bank account.
Offline Method:
Visit your District Industries Center or Entrepreneurship Promotion Office. The staff there will guide you step by step through the application.
FAQs
Q1: Who can apply for this scheme?
Any Uttar Pradesh resident aged 21–40 with minimum 8th-grade education and a skill certificate.
Q2: Do I need to provide collateral or a guarantor?
No. The scheme offers completely collateral-free loans.
Q3: What if I’m already getting help from another government scheme?
If you’re already receiving any interest or capital subsidy from another scheme (except PM SVANidhi), you’re not eligible.
Q4: Is there any interest on the loan?
No. It’s a 100% interest-free loan.
Your Business Dream Starts Here
If you’ve ever dreamed of starting your own business but felt stuck because of money issues — this is your golden ticket. The Mukhyamantri Yuva Udyami Abhiyan Yojana is not just a loan scheme, it’s a launchpad for your future. With zero interest, no collateral, and full government support, you’ve got nothing to lose. 👉 So, what are you waiting for? Gather your documents, create your business plan, and apply today!
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