Uttar Pradesh Launches MYUVA Scheme to Foster Young Entrepreneurs
| Aspect | Details |
|---|---|
| Scheme Name | Mukhyamantri Yuva Udyami Vikas Abhiyan (MYUVA) |
| State | Uttar Pradesh |
| Loan Distribution | Rs 100 crore distributed to 2500 beneficiaries in Gorakhpur and Basti divisions |
| Toolkits Provided | 2100 trainees under the ODOP scheme |
| Objective of MYUVA | Create one lakh young entrepreneurs annually; provide interest-free loans up to Rs 5 lakh |
| Budget Allocation | Rs 1,000 crore for FY 2024-25 |
| Target Beneficiaries | Educated and skilled youth; beneficiaries of SC, ST, OBC Training Scheme, UP Skill Development Mission, and others |
| Eligibility | Youth with training under government schemes, certificates, diplomas, or degrees |
| Second Stage Funding | Up to double the initial loan or Rs 7.50 lakh on successful repayment of the first loan |
| ODOP Launch Date | 24 January 2018 |
| ODOP Objective | Promote economic development, preserve local arts, increase income, improve product quality, link production with tourism |