About
The scheme aims to provide self-employment opportunities to the educated youth of the state. Under the scheme, loans up to Rs. 25.00 lakh for the establishment of industries and up to Rs. 10.00 lakh for the service sector are made available through banks. There is also a provision to provide 25 percent margin money by the state government, which is a maximum of Rs. 6.25 lakh for the industry sector and a maximum of Rs. 2.50 lakh for the service sector. For this, it is mandatory for the candidate to be a native of Uttar Pradesh and pass high school. The age of the candidate should be between 18 to 40 years, and he should not be a defaulter from any financial institution. Under the scheme, after scrutiny, the applications of the selected candidates are sent to the bank and the loan is approved and disbursed.
The applicant should be a native of Uttar Pradesh and their age should be between 18 years to 40 years.
The applicant should not be a defaulter of any nationalized bank/financial institution/government institution etc.Should not be employed in any government or private sector.
The minimum educational qualification of the applicant should be passing high school or equivalent.
Applicants applies directly from Directorate of Industries UPMSME portal. (Click here)
The selection of the beneficiary is done through interview by the District Working Group Committee constituted under the chairmanship of District Magistrate.
As per the technical economic feasibility, the loan for the project is sanctioned and disbursed by the financing branches of the banks.
