Chief Minister of Uttar Pradesh, Yogi Adityanath has launched Mukhyamantri Yuva Swarozgar Yojana (MYSY) for educated youth. The Scheme is launched with the aim of providing self-employment opportunities to the educated youth unemployed in the Uttar Pradesh state. Under the newly launched state level scheme High School pass applicants can avail loans up to 25 lakhs, report said. Uttar Pradesh Mukhyamantri Yuva Swarozgar Yojana facilitate loans up to Rs 25.00 lakh for establishment of industry and up to Rs 10.00 lakh for service sector. The loans of up to Rs 25 Lakhs under Youth Self Employment Scheme or Mukhyamantri Yuva Swarozgar Yojana will be provided to only Uttar Pradesh state residents and to be provided through banks. The detailed Yojana guidelines/ Application form/ Eligibility / MSMY Loan scheme details are laid down at diupmsme.upsdc.gov.in
Under the Mukhyamantri Yuva Swarozgar Yojana (MSMY) loans to be provided in two categories. As per report loan of up to Rs 25.00 lakh can be facilitated for establishment of industry and loan of up to Rs 10.00 lakh for the service sector. There is also a provision for providing 25 percent margin money by the state government, which is a maximum of Rs 6.25 lakh for the industry sector and a maximum of Rs 2.50 lakhs for the service sector, report said.
For availing the loan under MSMY Yojana (U.P), it is mandatory for the candidate to be a native of Uttar Pradesh and have passed high school examinations. The age of the candidate should be between 18 to 40 years and he should not be a defaulter from any financial institution. Through the district level selection committee, constituted under the scheme, the applications of the selected candidates are sent to the bank and the loan is sanctioned and distributed.
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Detailed Eligibility for the Mukhyamantri Yuva Swarozgar Yojana
UP MYSY Apply for the Loan-
Step by step process to Apply for Mukhyamantri Yuva Swarozgar Yojana-
Eligible unemployed youth who fulfill eligibility criteria can apply for the MYSY Scheme for loan up to 25 lakhs. To Apply for the scheme a candidate need to diupmsme.upsdc.gov.in. For more details in regarding registration candidates can view at Apply for Loan portal.