Mukhyamantri Yuva Udyami Vikas Yojana (CM YUVA)
The Mukhyamantri Yuva Udyami Vikas Yojana (CM YUVA) is an initiative by the Directorate of Industry and Enterprise Promotion, Government of Uttar Pradesh. The scheme aims to financially support educated and skilled youth in setting up new manufacturing and service-based ventures to boost self-employment and generate employment across the state.
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Must be a resident of Uttar Pradesh
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Age: 21 to 40 years
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Minimum education: 8th pass (Preference to Intermediate or equivalent)
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Skill Certification: Should possess a diploma/degree or be trained under government schemes like:
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Vishwakarma Shram Samman Yojana
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ODOP
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UPSDM
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Not a beneficiary of any other Central/State self-employment scheme (except PM SVANidhi)
| Particular | Details |
|---|---|
| Project Cost | Up to 5 Lakh |
| Loan Amount | Up to 4.5 Lakh |
| Loan Type | Composite (Term Loan + Working Capital) |
| Term Loan Tenure | 4 years (includes 6-month moratorium) |
| Interest Rate | 0% (for beneficiaries) |
| Processing Fee | 1% + GST |
| Repayment | Monthly EMIs post-moratorium |
| Prepayment / Foreclosure | Nil |
| Bounce Charges | As per bank norms |
| Insurance | As per bank guidelines |
| Digital Transaction Subsidy | ₹1 per transaction (max ₹2,000/year) |
| Category | Margin Money |
|---|---|
| General | 15% |
| OBC | 12.5% |
| SC/ST/PwD & Aspirational Districts | 10% |
Subsidy: 10% of project cost (Max ₹50,000) for projects up to ₹5 lakh
Note: No margin subsidy in Phase 2
On successful and timely repayment of the loan within 4 years, an additional 10% subsidy of the project cost will be granted by the Government of Uttar Pradesh.
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Prime Security: Assets created out of the loan
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Collateral/Third-Party Guarantee: Not required
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Covered under: CGTMSE scheme
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Personal Guarantee: Required from promoters/partners
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Ineligible Activities: No loans will be granted for:
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Tobacco, alcohol, firecrackers, banned plastic products
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Purchase of land or buildings
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CB Norms:
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CB Score ≥ 670 or -1
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No settled/write-off accounts in the last 12 months
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No DPD/NPA in the last 12 months
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Apply to Mukhyamantri Yuva Udyami Vikas Yojana (CM YUVA)
Loan calculator
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Interest Rate 8.00% |
Interest Earned 3,50,452 |
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Maturity Value 13,50,452 |
Maturity Date 20 Apr 2023 |
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(Indicative interest rates for calculation only. click here for latest rates.) |
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FAQs
The CM YUVA scheme is a financial assistance program launched by the Government of Uttar Pradesh to support educated and trained youth in setting up new manufacturing or service enterprises. The objective is to promote self-employment and job creation in the state.
To be eligible, the applicant must:
· Be a resident of Uttar Pradesh
· Be between 21 and 40 years of age
· Have completed at least 8th standard [Intermediate or equivalent preferred]
· Hold a skill certificate/diploma or have been trained under government schemes such as Vishwakarma Shram Samman Yojana, ODOP, or UPSDM
· Not be a beneficiary of any other state or central self-employment scheme [except PM SVANidhi]
The maximum loan amount offered is up to ₹4.5 lakh, with a project cost cap of ₹5 lakh.
The loan is a composite loan, which includes both Term Loan and Working Capital components.
The loan is provided at 0% interest for eligible beneficiaries under the scheme.
The loan has a total tenure of 4 years, which includes a 6-month moratorium period. Repayment begins after the moratorium through monthly EMIs.
No, collateral or third-party guarantee is required. However, a personal guarantee from promoters/partners is mandatory. The loan is covered under CGTMSE
Yes. If the beneficiary repays the loan within 4 years without default, the Government of Uttar Pradesh will provide an additional 10% subsidy on the project cost after full repayment.
· General category: 15%
· OBC: 12.5%
· SC/ST/PwD & Aspirational Districts: 10%
Note: Subsidy of 10% [max ₹50,000] is available only in Phase 1.
Yes. Loans will not be provided for businesses related to:
· Tobacco or alcohol
· Firecrackers
· Banned plastic items
· Purchase of land or building
Applicants must have:
· CB Score ≥ 670 or -1
· No settled or written-off loans in the last 12 months
· No DPD or NPA in the last 12 months
You can apply by visiting the nearest Utkarsh Small Finance Bank branch. An Apply Now button is also available on the CM YUVA loan webpage to initiate your interest.
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