Lucknow: The Yogi government has decided to implement the ‘Mukhyamantri Yuva Udyami Vikas Abhiyan’ (Mukhyamantri Yuva) with the aim of providing self-employment opportunities to the youth of the state. The proposal was approved in the cabinet meeting chaired by Chief Minister Yogi Adityanath . This scheme has been started keeping in mind the important contribution of the MSME sector in the economy of the state.
Minister of Micro, Small and Medium Enterprises, Khadi and Village Industries, Silk Industry, Handloom and Textiles Rakesh Sachan said that under this scheme, 10 lakh micro units will be set up in the next 10 years, which will provide financial assistance to 1 lakh educated and trained youth of the state every year.
Its objective is to create employment in rural and urban areas and connect the youth of the state with self-employment. Under this scheme, the minimum educational qualification of the applicant should be class eight pass, although preference will be given to intermediate passed applicants.
Apart from this, it will be mandatory for the applicant to be trained under various government schemes, such as Vishwakarma Shram Samman Yojana, One District One Product Scheme, Scheduled Caste/Tribe Training Schemes and Skill Upgradation Program run by Uttar Pradesh Skill Development Mission.
He informed that under this scheme, grant on loan will be provided on projects up to Rs 5 lakh in micro enterprises and service sector. If the cost of the project is up to Rs 10 lakh, the remaining amount will have to be arranged by the beneficiary himself. General category beneficiaries will have to deposit 15 percent of the project cost, OBC beneficiaries 12.5 percent, and Scheduled Caste, Tribe and Divyangjan 10 percent as their own contribution.
Special provisions have also been made in the scheme for the beneficiaries of Bundelkhand, Purvanchal and aspiring districts like Chitrakoot, Chandauli, Sonbhadra, Fatehpur, Balrampur, Siddharthnagar, Shravasti and Bahraich. Beneficiaries of these areas will also have to contribute 10 percent of the project cost. In this scheme, 100% interest subsidy will be given on the loan for 4 years and a moratorium period of 6 months will also be available from the date of loan.
The youth who are getting benefit for the first time under this scheme will also be eligible for the second phase, where they will be provided financial assistance for projects up to a maximum of Rs 10 lakh. Digital transactions have also been promoted in the scheme, under which an additional grant of Rs 1 per transaction and a maximum of Rs 2000 per year will also be given.
