In this scheme of the Yogi government, a loan of 5 lakhs is available without interest, how to apply

Mukhyamantri Yuva Udyami Vikas Abhiyan: The Government of India runs many types of schemes for the people of the country. Crores of people in the country get the benefit of these schemes. Apart from the central government, the governments of different states of the country also run many types of schemes for the citizens of their state.

The Uttar Pradesh government has recently started a new scheme for the people of its state. Under this scheme, the government gives a loan of up to Rs 5 lakh without interest to these citizens of the state. Let us tell you what is this scheme and who gets a loan without interest from the government under this.

UP government will give loans to start employment.

Very good news has come for the youth living in Uttar Pradesh. A new scheme has been started by the MSME department of the Uttar Pradesh government. Its name is Mukhyamantri Yuva Udyam Vikas Abhiyan. Under this, the government gives interest-free loans to the youth for employment. Under this, the government will give a loan of up to Rs 5 lakh without interest and any guarantee to set up industry in Uttar Pradesh. Which will be given for 4 years. For this scheme, the government has deployed a team of economic experts in every district. Which includes chartered accountants and bank officials. Let us tell you that this scheme has been started from 24 January.

How to apply in the scheme?

To apply in the Mukhyamantri Yuva Udyam Vikas Abhiyan, you have to go to the official website of MSME website of Uttar Pradesh government https://msme.up.gov.in. If you are not able to decide. What kind of business you want to start, then you will be given help by the government. Let us tell you that on this website you have also been given 400 project reports and 600 business ideas. By looking at which you can start your business.

These people will get a loan of Rs 10 lakh

Let us tell you that under this scheme, it is necessary to have passed at least 8th standard to get a loan. However, 10th pass applicants will be given priority for the benefits of the scheme. And the applicants who successfully repay the loan of Rs 5 lakh within 4 years will be given a loan of up to Rs 10 lakh on which 50% interest will be waived.

Disclaimer: This content has been sourced and edited from abplive. While we have made modifications for clarity and presentation.