Unemployment has consistently posed a significant concern across various states in India. The challenge lies in addressing the substantial youth population’s employment needs, particularly within the limited scope of government jobs. Consequently, the unemployment rate has witnessed a continual rise. With Uttar Pradesh being the most populous state in India, the government has initiated the “Mukhyamantri Yuva Swarojgar Yojana” to empower the youth not only to secure individual livelihoods but also to generate income for others. This article provides a detailed overview of the Mukhyamantri Yuva Swarojgar Yojana. If you have any queries, feel free to discuss the scheme in the comment section below.

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Table of Contents

What is Mukhyamantri Yuva Swarojgar Yojana?

Q: Is there any minimum educational background required under the Mukhyamantri Yuva Swarojgar Yojana?

Yes. The minimum educational qualification required is completion of high school or an equivalent level of education.

Mukhyamantri Yuva Swarojgar Yojana is a financial assistance scheme for the educated unemployed youth of Uttar Pradesh. This scheme was much needed in the state which has the highest population in the country. This scheme was launched in the year 2018. Under this scheme, the educated unemployed youth of the state who fall under 18-40 years of age can avail of the loan for their self-employment/business.

The Uttar Pradesh Chief Minister Youth Self Employment Scheme is a flagship initiative launched by the state government to encourage self-employment among the youth. The scheme was inaugurated on September 15, 2018, to provide financial assistance and other support to unemployed youth in the state.

Under this scheme, the state government provides loans up to Rs. 25 lakh to eligible applicants to start their businesses. The loan carries a subsidized interest rate of 6 % per annum, which is lower than the market rate. The funds can be utilized for the purchase of machinery and equipment, raw material procurement, working capital, and other related expenses.

The initiative aims to empower unemployed youth by facilitating the establishment of their ventures and promoting entrepreneurship.

Mukhyamantri Yuva Swarojgar Yojana 2024 Key Highlights
Mukhyamantri Yuva Swarojgar Yojana Launch Date	September 15, 2018,
Mukhyamantri Yuva Swarojgar Yojana Official website	MYSY Official Website
Mukhyamantri Yuva Swarojgar Yojana Objective	To provide financial assistance to the educated unemployed youth of the state so that they can start this business and create employment for others.
Mukhyamantri Yuva Swarojgar Yojana Beneficiary	Educated Unemployed Youth of UP
Mukhyamantri Yuva Swarojgar Yojana Financial Assistance	Loan from 10 Lakh to 25 Lakh
Mukhyamantri Yuva Swarojgar Yojana Subsidy Amount	Rs 6.25 Lakh (Industry Sector) Rs 2.5 Lakh (Service Sector)
Mukhyamantri Yuva Swarojgar Yojana Margin Money	10% – General 5% – SC/ST, OBC, Minorities, Women, and disabled individuals,
Mukhyamantri Yuva Swarojgar Yojana Interest Rate	6%
Mukhyamantri Yuva Swarojgar Yojana Age Limit	18 to 40 years.
Mukhyamantri Yuva Swarojgar Yojana Mode of Application	Online
Mukhyamantri Yuva Swarojgar Yojana Helpline Number	9005604448

Mukhyamantri Yuva Swarojgar Yojana Objectives

Provide employment opportunities for unemployed youth in Uttar Pradesh
Offer self-employment opportunities specifically for educated unemployed individuals aged 18-35 years
Establish District Level Monitoring and Implementation Committees (DLMIC) in each district, led by the District Collector
Assign responsibilities to the DLMIC for beneficiary identification, loan sanctioning, and monitoring scheme implementation.
to empower unemployed youth by facilitating the establishment of their ventures and promoting entrepreneurship.

Mukhyamantri Yuva Swarojgar Yojana Benefits 2024

Access to Capital Simplified: Overcoming a significant obstacle for young entrepreneurs, Chief Minister Yuva Swarozgar Yojana provides easy access to loans up to ₹10 lakhs for the service sector at subsidized interest rates.
Training and Mentorship Support: The scheme ensures candidates receive training and mentorship support from experts, enhancing their chances of becoming successful entrepreneurs.
Repayment Flexibility: Candidates benefit from flexible repayment options, allowing them to pay back the loan at their convenience.
Low Processing Fees: The scheme imposes minimal processing fees, alleviating concerns about high charges compared to other loan programs.
Inclusive for New and Existing Businesses: Open to both new and existing businesses, the scheme offers opportunities for young entrepreneurs to initiate their ventures or expand existing ones with ease.

UP Berojgari Bhatta Yojana 2024 | Educated Unemployed Youth to Get Rs 1000 to Rs 1500 Per Month

Mukhyamantri Yuva Swarojgar Yojana Financial Assistance 2024

The scheme entails providing financial support, wherein micro units in the industry sector will receive 25 percent of the total project cost, capped at Rs 6.25 lakh for projects up to Rs 25.00 lakh. Similarly, micro units in the service sector can receive up to Rs 2.5 lakh for projects up to Rs 10 lakh, with margin money convertible into a grant after two years of successful operation.

General category beneficiaries must contribute 10 percent of the project cost, while special category beneficiaries, including Scheduled Caste/Tribe, Other Backward Classes, Minorities, Women, and disabled individuals, will contribute 5 percent of the total project cost.

Mukhyamantri Yuva Swarojgar Yojana Financial Assistance 2024
Total Project Cost (Industry Sector)	Rs 25 Lakh
Total Project Cost (Service Sector)	Rs 10 Lakh
Subsidy Cost	Rs 6.25 Lakh (Industry Sector) Rs 2.5 Lakh (Service Sector)
Margin Money	10% – General 5% – SC/ST, OBC, Minorities, Women, and disabled individuals,

The project cost encompasses capital expenditure (excluding land purchase) and one round of working capital. Rent for workshops/worksheets can be included, but the purchase cost is not considered. Bank project financing, in the form of a composite loan, covering term loan and working capital, will be provided after deducting the project holder’s contribution.

Special category beneficiaries need to attach relevant certificates issued by competent authorities to avail of benefits. Nationalized banks, regional rural banks, and other scheduled banks will facilitate the financing under the scheme.

Mukhyamantri Yuva Swarojgar Yojana Eligibility Criteria:

The applicant must be a resident of Uttar Pradesh and have an age between 18 to 40 years.
The minimum educational qualification required is completion of high school or an equivalent level of education.
The applicant should not be enlisted with any nationalized bank, financial institution, government institution, etc., and should not have a history of defaulting.
The applicant must not have availed benefits from previous schemes such as the Prime Minister’s Employment Scheme, the ongoing Prime Minister’s Employment Generation Programme, the Chief Minister’s Employment Scheme, or any other self-employment initiative administered by the Central or State Government.
The scheme allows the applicant or any member of their family to benefit only once.
Submission of an affidavit confirming compliance with the eligibility conditions is mandatory for the applicant.

Mukhyamantri Yuva Swarojgar Yojana Documents Required

To apply for the Mukhyamantri Yuva Swarojgar Yojana, you need to be aware of the documents that are required for the same. Here is the list of documents required to apply for the Mukhyamantri Yuva Swarojgar Yojana.

Applicant’s Aadhaar card
Age certificate
Ration card

Mukhyamantri Yuva Swarojgar Yojana Application Process

Initiate registration through the “New User Registration” link under the login applicant login option on the portal for online application.

Complete the fields on the new popup page, including scheme name, applicant’s name, date of birth, father’s name, mobile number, email, and district name, along with the security code (captcha).
For already registered applicants, access the registered user login, enter the user ID, password, and captcha, and click the login button.
Change the password and log in again with the updated credentials.

View the list of mandatory attachments for the chosen scheme under “Important Instructions for Mukhyamantri Yuva Swarojgar Yojana” on the portal.
Ensure all uploaded attachments are clear; unclear attachments will be returned for re-uploading or may lead to application rejection.
Before entering the e-form, make sure to have scanned copies (JPEG/PDF) of the required documents, each not exceeding 300 KB, and a recent passport-size photograph not exceeding 20 KB.
1. Complete the e-form (online application) in three steps:
  - Fill in all fields in the e-form.
  - Upload all required attachments/documents according to the scheme.
  - Print and upload a notarized copy of the affidavit if required by the scheme.
Print the draft copy of the application, thoroughly review all entries, and correct any errors through the relevant option if necessary.
Ensure that all attachments uploaded by the applicant are visible clearly and accurately on the portal.
Proceed to the “Copy” option within the application and submit the final version. Once submitted finally, modifications to the application are not allowed.
After the final submission of the application, generate a printout of the application copy.
Check the updated status of the applicant’s application.

Mukhyamantri Yuva Swarojgar Yojana FAQs