The UP Govt Interest Free Loan Scheme 2025 has been introduced by the state government of Uttar Pradesh for the citizens of the state. The Uttar Pradesh State government launched this Scheme to enable the state’s youth to launch their own businesses without facing financial difficulties. Through this program, the state government of Uttar Pradesh encourages young people to pursue entrepreneurship and gives them the opportunity to launch their businesses without having to worry about startup costs. It is recommended that all young people in the state of Uttar Pradesh who wish to launch their own business go to the official website and complete the online application. Keep reading this article to know more about the UP Govt Interest Free Loan Scheme 2025.
About MYUVA
The Uttar Pradesh state chief minister, Mr. Yogi Adityanath, has introduced the Mukhyamantri Yuva Udyami Vikas Abhiyan (MYUVA) plan. The Uttar Pradesh State government will offer qualified young people an industrial loan of up to INR 5 lakh under this program. Young people in the state of Uttar Pradesh can launch their businesses in any industry with the help of an industrial loan. The Uttar Pradesh State government hopes to make entrepreneurship accessible to one lakh young people in the state with the aid of this program. With the help of this initiative, the young and unemployed people of UP can get financial assistance to start their ventures and boost the economy of the state.
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Purpose of UP Govt Interest Free Loan Scheme
The purpose of the UP Govt Interest Free Loan Scheme is to enable the state of Uttar Pradesh’s youth to embark on their entrepreneurial journeys. The state’s youth would greatly benefit from the interest-free loans, which will enable them to launch their businesses without facing any financial obstacles. This program will encourage self-employment and self-assurance among the state’s youth. Everyone in the state of Uttar Pradesh who is between the ages of 18 and 45 is eligible. The main purpose behind this initiative is to reduce unemployment from the lives of of the young people living in the state of UP.
Key Highlights of UP Govt Interest Free Loan Scheme
| Name of the Scheme | UP Govt Interest Free Loan Scheme |
| Launched By | UP State government |
| Objective | Increase self-employment in the state |
| Beneficiaries | Citizens of UP |
| Benefits | Applicants will get Interest-free loans of up to INR 5 lakh |
| Application Mode | Online |
| Official Website | MYUVA |
Eligibility Criteria
- They must be citizens who are between the ages of 18 and 45.
- The people must dwell in Uttar Pradesh on a permanent basis.
- Any training for skill development must be completed by the citizen.
Benefits of UP Govt Interest Free Loan Scheme
- This program enables young people in the state of Uttar Pradesh to launch their own businesses.
- With the aid of this program, the young people were not concerned about the startup costs of their businesses.
- Under this plan, the chosen people would receive interest-free loans up to INR 5 lakh.
- The chosen applicants will get the loan amount, which will be sent straight into their bank accounts.
Required Documents
- Mobile number
- Email ID
- Qualification proof
- Aadhar card
- Residence Proof
- Project Proposal
Salient Features
- Without interest loans, Repayment of the loans will be straightforward and uncomplicated with their assistance.
- a decent number of Recipients: A total of one lakh Uttar Pradesh youth would be chosen, based on the information.
- Additional help: Eligible persons can apply for a loan of INR 7.5 lakh after repaying the interest-free loan of INR 5 lakh.
- No collateral: To get loans under the plan, residents of the state of Uttar Pradesh were not required to furnish any collateral.
UP Govt Interest Free Loan Scheme Registration
- STEP 1: Please visit the official Yuva Sathi website if you are an Uttar Pradesh state resident interested in registering for the UP Govt Interest Free Loan Scheme.
- Step two: The residents need to find and choose the “Register” option on the official website’s main page.
- Step 3: The residents must fill out the registration form that will show up on their desktop screen and attach the required papers.
- STEP 4: The residents can finish their procedure by clicking “submit” after providing their information.
- STEP 5: By following these steps carefully, you can easily register yourself for the MYUVA scheme.
Helpline Number
- Dial: 8957540649
FAQs
What is the UP Govt’s interest-free Loan scheme?
The Uttar Pradesh State government launched this Scheme to enable the state’s youth to launch their own businesses without facing financial difficulties.
Who can apply for this scheme?
They must be citizens who are between the ages of 18 and 45.
What are the benefits of this scheme?
The Uttar Pradesh State government will offer qualified young people an industrial loan of up to INR 5 lakh under this program.