The Uttar Pradesh government has launched a special loan scheme for youth to encourage entrepreneurship and self-reliance.
Union Home Minister Amit Shah recently highlighted this initiative on Uttar Pradesh Day, explaining that the scheme provides collateral-free, interest-free loans of up to ₹5 lakh, along with a 10% subsidy.
So far, 1.3 lakh young people have benefited, with ₹5,322 crore disbursed.
This initiative is called the Mukhyamantri Yuva Udyami Vikas Abhiyan (MYUVA).
What is the MYUVA Scheme?
The scheme is designed to help educated youth start their own businesses instead of searching endlessly for jobs.
Loans are available for small projects in the industrial and service sectors, and applicants do not need to provide collateral.
Key highlights:
Loan amount: Up to ₹5 lakh
Interest: Zero
Subsidy: 10% of the loan amount
Repeat loans: If the first loan is repaid on time (within four years), a larger loan and additional subsidy may be granted
The government aims to create 1 million young entrepreneurs over the next 10 years, assisting 100,000 youth every year.
Benefits of the MYUVA Scheme
This scheme is especially valuable because unemployment among youth is high.
Key benefits include:
No interest, so EMIs only cover the principal amount
No collateral required, reducing financial burden
10% government subsidy
Future loans and subsidies for timely repayment
Priority for trained youth, such as those under skill development programs, Vishwakarma Yojana, or One District One Product
With this support, young entrepreneurs can start a shop, service center, small factory, or any other project, creating income for themselves and employment for others.
How to Apply
The application process is fully online.
Here’s a step-by-step guide:
Visit the official websites: msme.up.gov.in or diupmsme.upsdc.gov.in
Register under the MYUVA or Chief Minister’s Youth Entrepreneur Development Campaign section
Create a login and fill in personal and project details (name, age, education, project plan, bank account, etc.)
Upload required documents: Aadhar Card, High School Certificate, Ration Card, Bank Passbook, Project Report, Photograph
Verification is done at the District Industries Centre (DIC) or bank
Upon approval, the loan is disbursed by the bank
Eligibility criteria:
Age: 21–40 years
Resident of Uttar Pradesh
Minimum education: 8th or 10th grade
Must not be a bank defaulter
This scheme is a golden opportunity for young people to become job creators, not job seekers. If you have a business idea, now is the time to apply.
