Loan News: Yogi government is giving interest free loan up to Rs 5 lakh to the youth, apply like this..

In today's era of inflation, instead of a job, most of the youth want to establish their employment (business news), but due to lack of money, many are deprived of it. Given this problem, the Yogi government has taken an important step. The government has now planned to provide interest-free loans (UP interest-free loan scheme) for the youth of the state. Under this scheme, many youth have also benefited by giving loans. The special thing about this scheme is that after taking a loan under it, no installment has to be paid for six months and the government will also bear the interest for four years.

Know which scheme is this-

The government started the Chief Minister Yuva Udyami Vikas Yojana (CM Yuva Udyami Yojana) on January 24. The purpose of this scheme is to encourage the youth to be employed by the government (up latest news). So far, after the launch of this scheme, a loan of five crore 55 lakh 19 thousand has been provided to 57 applicants in Sonanchal in just 37 days, out of which margin money of Rs 55.19 lakh has been received.

How many people applied-

When this scheme was started, a total of 1250 youth applied for loans under this scheme (MYUVY loan ke liye apply process). After this, the District Industry Promotion and Entrepreneurship Development Center investigated and after the investigation, the application of 1156 youths was sent to the banks. According to the information, so far 169 files have been approved in many banks. One of the specialties of this scheme is that under this, the loan holders do not have to pay any installment on the loan for 6 months.

The loan will be available at zero interest rate-

The entire interest for four years (MYUVY scheme loan interest rate) will be paid by the government itself. That is, the interest of all the youth who have taken loans from the banks is zero. Under this scheme, the youth is being given a loan of up to five lakh rupees without subsidy. However, if any youth takes a loan of more than Rs 5 lakh to Rs 10 lakh for business, then he will not get the benefit of this subsidy from the government. It is being told that now the benefit of this scheme is going to be available in other cities as well.

How is the loan being given

Under the Chief Minister Yuva Udyami Vikas Yojana (CM Yuva Udyami Yojana), loans are being given to those people who are unemployed and want to establish employment. This loan is being provided by the state government in the service sector. For example, if a youth wants to open a furniture manufacturing, flour mill, restaurant, dhaba, sweet shop, dairy production, etc. in the product sector of employment, then he can take advantage of this scheme (UP loan scheme benefits) and those who have applied for tent house, shuttering, mobile repairing, printing press, public service center, fitness center gym in the service sector will get loan under this scheme.

How many files have been approved -

According to the officials, about 170 files have been approved in the banks of Sonbhadra district to benefit the youth under the Chief Minister Yuva Udyami Vikas Yojana. Out of these, under this scheme, till now i.e. in 37 days, 57 people have been given the facility of loan (loan facility in MYUVY). By March, the benefit of this scheme will be given by giving loans to one thousand people. To benefit the maximum number of youth this month, loans will be given at the divisional level on March 10. Youths of Prayagraj and Vindhyachal divisions will also be included in this. Forms of 1156 applicants came to the banks for this scheme.

Apply in this way-

If you also want to take advantage of this scheme, then you can apply under the Chief Minister Yuva Udyami Vikas Yojana. To take advantage of this scheme, you just have to go to the official website and register. To apply for this scheme (up latest news), the age of the applicant should be between 21 to 40 years, and along with that the educational qualification of the person should be at least a class 8 pass.

Which documents will be required-

Under this scheme, intermediate pass and equivalent will get the loan first. To apply for this scheme, it is mandatory to have some important documents (MYUVY loan ke liye documents). Which includes - a passbook photocopy, Aadhar card, PAN card, educational qualification certificate, a training certificate from any institution, residence certificate, income certificate, caste certificate, and notary affidavit signed on the stamp.

To apply online for this scheme (the online process of MYUVY Scheme), youth can apply from Jan Seva Kendra, a cyber cafe, or their mobile. By taking advantage of this scheme, unemployed youth can establish their own employment.

Disclaimer: This content has been sourced and edited from Hr Breaking. While we have made modifications for clarity and presentation, the original content belongs to its respective authors and website. We do not claim ownership of the content.