The CM Yuva Yojana (Chief Minister Youth Entrepreneur Development Scheme) launched by the Government of Uttar Pradesh is designed to empower young people to build their own businesses instead of depending solely on jobs. Through this initiative, eligible youth can receive financial assistance of up to ₹10 lakh, largely interest-free and without collateral, making it easier to turn business ideas into reality.
What Benefits Do You Get?
- First Stage:
Young applicants can receive up to about ₹4.5 lakh as a 100% interest-free loan for starting a business. This amount remains interest-free for several years, giving entrepreneurs time to stabilize their ventures. - Second Stage:
After successfully repaying the first loan, beneficiaries may qualify for projects up to ₹10 lakh, with significant interest subsidy (up to 50%). This helps expand or scale the business with minimal financial burden.
Overall, the scheme aims to provide strong financial backing with flexible conditions, encouraging self-employment and job creation.
Who Can Apply?
To benefit from the CM Yuva Yojana, applicants generally must:
- Be a permanent resident of Uttar Pradesh
- Be between 21 and 40 years of age
- Have at least basic education (minimum 8th pass)
- Possess skill training or certification from a recognized institution
- Not be availing benefits from another similar government self-employment scheme
- Ensure only one member per family applies under the scheme
Required Documents
Applicants typically need:
- Identity proof (such as Aadhaar card)
- Residence proof
- Bank account details
- Business plan or project report
- Educational or skill certificates
- Any additional project-related documents
How to Apply?
The application process is online:
- Visit the official MSME/CM-Yuva portal.
- Register and fill in personal and business details.
- Upload the required documents.
- Submit the application for verification.
- After approval, the bank loan process begins.
Purpose of the Scheme
The CM Yuva Yojana aims to:
- Promote self-employment and entrepreneurship
- Support new business creation
- Generate local employment opportunities
- Strengthen the state’s economic growth
In Simple Words
This scheme is a golden opportunity for ambitious youth in Uttar Pradesh. With easy access to funds, minimal interest, and no collateral pressure, young entrepreneurs can confidently start or expand their businesses and move toward financial independence.
