Mukhyamantri Yuva Swarozgar Yojana

Mukhyamantri Yuva Udyami Vikas Abhiyan is a flagship scheme of the Government of Uttar Pradesh, launched in March 2024 to promote youth entrepreneurship across the state. The scheme is designed for a 10-year period with the goal of supporting 1 lakh youth entrepreneurs every year. It aims to provide interest-free, collateral-free financial support to young individuals who want to start micro or small enterprises in manufacturing, services, trade, handicrafts, or other MSME sectors. For first-time youth entrepreneurs, the scheme reduces the cost of starting a business, improves credit access, and encourages self-employment instead of job-seeking.

Key Features
Financial Assistance
Eligibility Criteria
Documents Required
Application Process for the Scheme

Key Features

Loans up to ₹25 lakh/₹10 lakh: Under the scheme you can get bank-linked loan for setting up a unit – for manufacturing (industry) up to ₹25 lakh and for service sector up to ₹10 lakh.
Margin money/subsidy by state: The state government provides margin support (e.g., up to 25 % of project cost in certain cases) and subsidies for special categories. For example, general category may need to bring 10 % margin money, while SC/ST/OBC/women may bring only 5 %.
Age & educational eligibility: To apply you must be a resident of Uttar Pradesh, aged between 18 to 40 years, and at least a high school pass (though some sources say 10th pass).
Single-window portal & computerisation: The scheme is managed via a portal launched to enable online application, monitoring, disposal through single-window.
Priority/subsidies for SC/ST/OBC, women, persons with disability: Special categories get higher subsidy rates or lower margin money. For example, SC/ST/OBC/women/differently-abled receive margin 5% instead of 10% and subsidy rate of say 25% instead of 15%.
Bank-linked financing, sometimes collateral-free for smaller cost: Some sources mention that projects costing less than say ₹4 lakh may be considered without collateral security.

Financial Assistance

Component	Assistance Provided	Detailed Explanation & Example
Loan for Manufacturing Sector	Up to ₹ 25 lakh	Example: If you plan to set up a manufacturing enterprise of ₹25 lakh project cost, you can seek a loan up to ₹25 lakh under this scheme.
Loan for Service Sector	Up to ₹ 10 lakh	Example: If you plan to start a service business (e.g., IT service, repair shop) with project cost ₹10 lakh, you can apply for such a loan.
Margin Money / Subsidy	Margin money: general 10% (SC/ST etc 5%) & Subsidy: general ~15% (special ~25%)	Example: For a general category applicant for service sector project of ₹10 lakh: margin money 10% = ₹1 lakh to be brought by applicant; subsidy about 15% = ₹1.5 lakh may be provided. For SC/ST etc the margin may be 5% = ₹0.5 lakh; subsidy ~25% = ₹2.5 lakh.

Eligibility Criteria

Who Can Apply:

Permanent resident of Uttar Pradesh.
Age between 18 to 40 years.
Minimum educational qualification: passing high school (or equivalent).
Applicant should not be a defaulter of any bank/financial institution.
Should be unemployed (or not in full-employment) and not availing conflicting scheme benefits (as per guidelines).
The business proposal must be viable; for service/industrial sectors as per scheme norms.

Who Cannot Apply:

Persons above age 40 (unless exceptions stated).
Non-residents of Uttar Pradesh.
Applicants with past default history in banks/financial institutions.
Applicants already availing identical scheme subsidy/finance under other overlapping scheme (if policy disallows).
Those without the minimum educational qualification (High School).
Probably not for already established large enterprises (scheme focuses on youth start-ups/self-employment) - check district-level rules.

Documents Required

Proof of identity & residence (Aadhar card, voter ID, driver’s licence)
Age proof (10th class certificate, birth certificate)
Educational qualification certificate (High School pass certificate)
Caste certificate (if applicable)
Bank account details with linked mobile number
Project report/Business plan (investment, cost, revenue, job creation)
Land allotment/lease deed or ownership documents (if applicable)
No-bank-defaulter certificate (or bank/credit history)
Any previous employment status/certificate (to show unemployed status)
Additional documents as required by bank/DIC in your district

Application Process for the Scheme

Option 1: Apply with Bullit (Recommended)

Click here to start with guided support. Our team verifies eligibility, compiles documents, and handles application & follow-ups on your behalf. You can monitor progress while focusing on operations.

Recommended for: Youth/entrepreneurs who prefer assisted application process.

Option 2: Direct Application via State Portal

Visit the official portal for the scheme (via the state MSME / Industries website).
Register/Login as a new applicant, fill in the online application form with personal, business & investment details.
Upload required documents and submit the project/business plan for approval.
District-level/DIC and bank approval: Application forwarded to District Task Force/Bank for sanction of bank loan sanctioned under the scheme.
On approval, bank disburses the loan and state releases margin-money/subsidy as per scheme norms.
After enterprise starts, beneficiary must comply with monitoring/periodic reporting as required.

Option 3: Through District Industries Centre (DIC) / MSME Office

Approach your district’s DIC or MSME cell for initial counselling and scheme briefing.
Prepare project report/business plan in consultation with DIC counsellor.
Submit application (online or offline) via DIC portal or bank link as per your district.
Follow through the approval, sanction and disbursement steps via DIC guidance.

Power Combos with The Scheme