The Government of Uttar Pradesh has launched the UP Government Interest-Free Loan Scheme 2025 to help young entrepreneurs to start their own business without any financial falsification. It is an effort that is meant to create entrepreneurship in young people who will have access to capital in order to start the businesses. The interested candidates should make application online using the official portal.
About the MYUVA Scheme
Mukhyamantri Yuva Udyami Vikas Abhiyan (MYUVA) is an interest free-industrial loan scheme funded by Chief Minister Yogi Adityanath up to 5 lakh to potential young entrepreneurs. The scheme aims at benefiting 1 lakh young beneficiaries who can begin businesses in the different sectors.
Objective of the Scheme
The main purpose of the UP Government Interest-Free Loan Scheme is to enable young people (aged between 18 and 45 years) with financial support and self-employment. This initiative does not only foster entrepreneurship but in addition, enhances economic prosperity and independence to Uttar Pradesh youth.
Key Highlights of the Scheme
| Feature | Details |
|---|---|
| Scheme Name | UP Govt Interest-Free Loan Scheme |
| Launched By | Uttar Pradesh Government |
| Launch Year | 2025 |
| Benefit | Interest-free loans up to ₹5 lakh |
| Eligibility | Permanent residents of UP, aged 18–45 |
| Required Documents | Aadhaar Card, Residence Proof, Project Proposal |
| Application Process | Online |
Eligibility Criteria
- Applicants must be aged between 18 and 45 years.
- Must be a permanent resident of Uttar Pradesh.
- Should have undergone skill development training (if applicable).
Benefits of the Scheme
✅ Interest-free loans up to ₹5 lakh for business setup.
✅ No collateral required.
✅ Direct bank transfer of funds.
✅ Additional loan eligibility (up to ₹7.5 lakh) after successful repayment.
Documents Required
- Aadhaar Card
- Residence Proof
- Educational Certificates
- Project Proposal
How to Apply Online?
1️⃣ Visit the official Yuva Sathi portal.
2️⃣ Click on the “Register” option.
3️⃣ Fill in the required details and upload documents.
4️⃣ Submit the application.
Helpline & Support
For queries, contact:
📞 Helpline Number: 8957540649
FAQs
Q1: How many beneficiaries will benefit from this scheme?
➡️ 1 lakh eligible candidates will receive financial assistance.
Q2: What is the loan amount provided under this scheme?
➡️ Up to ₹5 lakh as an interest-free loan.
Q3: What is the age limit to apply?
➡️ Applicants must be between 18 and 45 years of age.
This scheme gives an eye-opening opportunity to business aspirants in Uttar Pradesh to become a successful business person without worrying about the interest. Apply today and set your foot onto the journey of financial independence!
🔗 For more details, visit the official website.