Chief Minister Yuva Swarojgar Yojana: 10th pass will also get a loan of 25 lakhs without interest, know how to apply

Empowering youth in Uttar Pradesh to become entrepreneurs with interest-free loans and government subsidies.

🎯 Objective of the Scheme

The Chief Minister Youth Self-Employment Scheme aims to:

• Promote self-employment among educated but unemployed youth.

• Reduce dependency on government jobs.

• Support micro, small, and medium enterprises (MSMEs).

• Create job opportunities in both rural and urban areas.

• Give priority to women, SC/ST/OBC, minorities, and differently-abled individuals.

💼 Loan Details

• Industry Sector: Loan up to ₹25 lakh.

• Service Sector: Loan up to ₹10 lakh.

• Interest: Currently minimal; soon to become interest-free.

• Subsidy: 25% of project cost (up to ₹6.25 lakh for Industry and ₹2.5 lakh for Services).

• Own Contribution (Margin Money):

  • General category: 10%

  • SC/ST/OBC/Minorities/Women/Disabled: 5%

✅ Eligibility Criteria

• Age: 18 to 40 years.

• Education: Minimum 10th pass.

• Must be a permanent resident of Uttar Pradesh.

• Should not have availed benefits of any similar scheme earlier.

• No history of loan default from any bank.

📑 Documents Required

• Aadhaar card

• Domicile certificate (UP)

• Caste certificate (if applicable)

• Educational certificate (minimum 10th pass)

• Bank passbook copy

• Passport size photo

• Income certificate

• Ration card copy

• Self-declaration affidavit (notarized)

📝 How to Apply Online

Visit the official portal: https://www.niveshmitra.up.nic.in

Register with name, email ID, and phone number.

Login using your new credentials.

Choose “Mukhyamantri Yuva Swarozgar Yojana” from the service list.

Fill out the application form and upload required documents.

Submit the application online.

Your application will be forwarded to banks for verification and approval.

💡 Benefits of the Scheme

• Enables even 10th-pass individuals to start their own business.

• Up to ₹25 lakh loan with subsidy and minimal initial investment.

• No interest to be charged soon (as per the upcoming revision).

• Opportunity to grow and employ others.