Mukhyamantri Yuva Udyami Vikas Abhiyan (MYUVA): Empowering Young Entrepreneurs in Uttar Pradesh
| Aspect | Details |
|---|---|
| Scheme Name | Mukhyamantri Yuva Udyami Vikas Abhiyan (MYUVA) |
| Launched By | Chief Minister Yogi Adityanath, Uttar Pradesh |
| Objective | Support young entrepreneurs by providing interest-free loans |
| Loan Cap | Up to Rs 5 lakh per project |
| Annual Target | Prepare one lakh young entrepreneurs annually |
| Financial Allocation | Rs 1,000 crore allocated for fiscal year 2024-25 |
| Target Audience | Educated and skilled youth in Uttar Pradesh |
| Eligibility Criteria | Individuals with government training or educational qualifications |
| Repayment and Expansion | Successful repayment qualifies for second-stage financing |
| Promotion of Digital Payments | Encourages digital transactions and provides grants for digital adoption |
| Application Process | Online platform for easy accessibility |
| Collaborative Support | Banks and financial institutions provide funding |