Mukhyamantri Yuva Udyami Vikas Yojana (CM-YUVA)

• Target of Scheme- By funding 01 lakh youth every year, this self-employment mission will generate 10 lakh youth in the next 10 years to establish micro units.
• For more information, please visit the nearest Bank of Baroda branch or department website https://msme.up.gov.in.

Interest and Collateral Free Loan*

Phase-I :- Upto Rs. 4.50 Lakhs

Phase-II :-Twice the loan availed under Phase-I or Maximum Rs. 7.50 Lakhs

The scheme includes several key features as under:

• The loan will be in the nature of a composite loan.
• A minimum of 10 % of Project cost will be in the form of Term Loan.
• Margin:- (on Total Project Cost to be paid upfront)
  1. 15.00 % for General* Category Beneficiary
  2. 12.50 % for OBC* Beneficiary
  3. 10.00 % for SC/ST/Divyangjan* Beneficiary

* 10.00% Margin irrespective of category in economically backward geographical areas & Aspiration Districts of the state

• 10.00 % amount of Total project cost ( maximum 5.00 Lakhs will be paid in the form of Margin Money Subsidy)". The subsidy shall be Back Ended.

To qualify for the Mukhyamantri Yuva Udyami Vikas Scheme, applicants must meet the following criteria:

• Resident of Uttar Pradesh state.
• Applicant age min-21 year to max- 40 years.
• Education: Min. Std. Eighth pass (preference will be given to intermediate pass or equivalent)
• The applicant should be trained under government-run training schemes such as Vishwakarma Shram Samman Yojana, One District One Product Training and Toolkit Scheme, Scheduled Caste/Tribe/OBC Training Scheme, any skill development program run by Uttar Pradesh skill development mission or possess a certificate/ diploma/ degree from a government-approved college or institution in respect of skill.
• The applicant must not have availed benefits in terms of interest or capital subsidy under any scheme run by Centre or State Government in past except PM SVANidhi scheme.

As per existing guidelines of Bank.

Nil