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The Mukhyamantri Yuva Swarojgar Yojana (MYSY) in Uttar Pradesh is a flagship self-employment scheme designed to provide financial assistance to educated, unemployed youth to help them start their own micro-enterprises.
Objective
- The core objective to reduce unemployment by encouraging entrepreneurship in the industrial and service sectors.
- To Promote Self Employment and generating Entrepreneurial Skills among the Youth.
Benefits / Subsidy
Benefit Type
Subsidy Linked Loan
Coverage
25% Subsidy of Project Cost
The government provides loans through banks.
• Up to ₹25 lakh for industrial projects
• Up to ₹10 lakh for service sector businesses
The government provides a subsidy on the loan amount.
- Up to 25% subsidy of the project cost.
- Low Interest Burden
Eligibility
- Age of candidate should be 18 to 40 years.
- Applicant should be Minimum High School (10th grade) pass.
- Applicant must be a permanent resident of Uttar Pradesh.
- Candidate should not be defaulter of any Loan previously.
- The applicant must be unemployed
Documents Required
- Aadhaar Card
- Residence Certificate (Domicile)
- Educational Certificates
- Age Proof
- Passport Size Photographs
- Caste Certificate (If applicable)
- Income Certificate
- Bank Account Details
- Business Project Report
- Mobile Number and Email ID
