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Key Points

The UP government is rolling out a dedicated campaign under the CM-YUVA scheme to identify and support young entrepreneurs with loans up to Rs 5 lakh. Special teams will visit colleges to connect with final-year students and unemployed graduates. Over 53,000 applicants have already secured loans, with many launching businesses in diverse sectors. The initiative aims to shift youth from job seekers to job creators, with a strong focus on inclusivity.

Key Points: UP CM-YUVA Scheme to Nurture Young Entrepreneurs with Rs 5 Lakh Loans

  • UP govt to campaign in 75 districts for CM-YUVA scheme
  • Offers Rs 5 lakh interest-free loans to young entrepreneurs
  • Over 53,000 applicants already sanctioned loans
  • Focus on women, OBC, SC, and minority communities
2 min read

CM-YUVA scheme: UP govt to launch campaign to identify and nurture young entrepreneurs

UP government launches CM-YUVA campaign to identify and fund young entrepreneurs with interest-free loans up to Rs 5 lakh, fostering self-reliance.

"The vision is to transition youth from 'seeking jobs' to 'creating jobs.' – Sarveshwar Shukla, Joint Commissioner of Industries"

Lucknow, June 13

The Mukhyamantri Yuva Udyami Vikas Abhiyan (CM-YUVA) is fast emerging as a movement for self-employment across Uttar Pradesh. The ambitious scheme aims to nurture new-age entrepreneurs by providing business enthusiasts monetary assistance as well as entrepreneurial training.

The state government is set to launch a dedicated campaign across universities, colleges and educational institutions to connect with young people and help promote self-employment opportunities. After identifying the ‘suitable’ candidates, the youth will be empowered with financial support of up to Rs 5 lakh to help them become self-reliant entrepreneurs.

A two-day capacity-building workshop was recently held at Niryat Bhawan in Lucknow, focusing on improving the rollout of the scheme and enhancing the functionality of the CM Yuva Portal.

A dedicated campaign will soon be launched across all 75 districts, under which special teams of officials will visit universities, engineering colleges, and other higher educational institutions to identify students in their final year, as well as those who remain unemployed despite completing their studies.

Once identified, eligible youth will be offered interest-free, collateral-free loans of up to Rs 5 lakh to help them start their own ventures and become job creators.

According to Sarveshwar Shukla, Joint Commissioner of Industries and nodal officer of the scheme, the primary goal of the Yogi government is to empower every eligible, educated, and progressive-thinking youth by helping them launch their businesses. The vision is to transition youth from "seeking jobs" to "creating jobs." Along with financial support, technical guidance will also be provided to ensure the success of these entrepreneurial initiatives.

Under this initiative, more than 2.5 lakh youth have already applied for loans, out of which over 1.10 lakh applications have been forwarded to banks, and loans have been sanctioned to over 53,000 applicants, with 40,000 already receiving funds.

A significant number of women, as well as youth from OBC, SC, and minority communities, have participated in the scheme and are now walking the path of self-reliance.

Young entrepreneurs have launched their ventures with the funds in diverse sectors, ranging from cake manufacturing and digital marketing to interior design, laundry services, solar panel installation, tattoo studios, and mineral water plants.

- IANS

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Reader Comments

R
Rahul K.
This is a fantastic initiative by UP government! 👏 Many educated youth in small towns have great business ideas but lack capital. Rs 5 lakh interest-free loan can be life-changing. Hope they also provide proper mentorship to ensure these startups succeed.
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Priya M.
Good scheme but implementation is key. My cousin in Bareilly applied 6 months back but still waiting for approval. Government should speed up the process and make it more transparent. Also need better awareness in rural areas about this opportunity.
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Amit S.
The focus on women entrepreneurs is commendable. In UP where many families hesitate to invest in daughters' business ideas, this scheme can be revolutionary. My sister started a boutique with this loan and is now earning well. Jai Hind!
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Neha T.
While the scheme is good, Rs 5 lakh is too little for manufacturing or tech startups. Government should have different slabs - maybe 5L for small businesses and 25L for innovative startups with proper vetting. Also need protection against loan recovery harassment.
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Vikas P.
Bahut badhiya yojana hai! Instead of wasting time in government job preparation, youth should take advantage of this. My friend started an organic fertilizer unit in Gorakhpur and now employs 5 people. Real 'Make in UP' story!
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Sunita R.
Hope they're tracking success rates. Giving loans is easy but ensuring businesses survive needs proper training and market linkages. Maybe tie-up with e-commerce platforms to help these entrepreneurs sell products? 🤔
A
Ankit G.

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